CanBanc Income Corporation filed a Notice of Intention and received approval from the Toronto Stock Exchange to commence a normal course issuer bid on October 1, 2012. Under the bid, the fund will repurchase up to 2,092,672 equity shares, representing approximately 10% of its issued share capital and public float. The fund cannot repurchase in any given 30-day period, in the aggregate, more than 418,534 shares, being 2% of its issued and outstanding shares.

All repurchases will be made through the facilities of the TSX in accordance with its rules and policies. All shares repurchased pursuant to the NCIB will not be cancelled and will be held for resale. The bid will commence on October 3, 2012 and expire on October 2, 2013.

As of September 24, 2012, the fund has 20,926,722 shares in issue and same amount of shares in public float.