REIT INDEXPLUS Income Fund filed a Notice of Intention to commence a normal course issuer bid on May 16, 2012. Under the bid, the company will repurchase up to 1,417,136 units, representing 10% of its issued share capital. In any 30 day period, the company cannot repurchase more than 283,497 units, being 2% of the units issued and outstanding. The fund will cancel all units purchased pursuant to the bid. Subject to receiving all necessary regulatory approvals, the Fund may, in lieu of canceling units acquired, hold the units in treasury for resale. The bid bid will commence on May 18, 2012 and will terminate after 12 months. As of May 4, 2012, the company as 14,174,860 units issued and outstanding and 14,171,360 units in public float.