Brand Leaders Income Fund filed a Notice of Intention to commence a normal course issuer bid on August 22 2012. Under the bid, the company will repurchase up to 255,097 listed trust units, representing 9.97% of its issued share capital. The purpose of the normal course issuer bid for units is to provide the fund with a mechanism to decrease the potential spread between the net asset value per unit and the market price of the trust units and to provide enhanced liquidity for the units.

Any such purchases will be made by the fund at the prevailing market price at the time of such purchases in accordance with the requirements of the TSX. The fund will not purchase in any 30-day period more than 51,185 units, representing 2% of the issued and outstanding units, respectively, as at the date of acceptance of the notice of the normal course issuer bid by the TSX. Repurchases will commence on August 23, 2012 and will terminate on August 22, 2013, or on such earlier date as the Fund may complete its purchases or provide notice of termination.

As of August 22, 2012, the company has 2,559,278 trust units in issue and 2,550,978 trust units in public float.