Blue Ribbon Income Fund announces a share repurchase program. Under the bid, the fund will repurchase up to 2,562,700 units, representing 9.96% of its issued share capital and approximately 10% of its public float. Repurchases will be made through the facilities of the TSX or other eligible alternative market, at a price per unit not exceeding the last published net asset value per unit.

The fund can purchase up to 514,549 units in any 30 day period which is 2% of its outstanding units as on November 23, 2015.The Administrator of the Fund believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds. The plan will expire on December 2, 2016. As of November 23, 2015, the company has 25,727,463 issued and outstanding units and 25,627,463 units in public float.