Boyd Group Income Fund Appoints New Independent Trustee

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

WINNIPEG, Nov. 23, 2012 /CNW/ - Boyd Group Income Fund (TSX: BYD.UN) ("the Fund" or "the Boyd Group") today announced the addition of Robert G. Gross to the Fund's Board of Trustees.

Mr. Gross brings extensive management experience to the Fund's Board, including more than 12 years as Chief Executive Officer and board member and almost five years as Chairman of the Board at Monro Muffler Brake, Inc. ("Monro") (Nasdaq: MNRO). He was recently appointed Executive Chairman at Monro. Prior to his time at Monro, he served as Chairman and Chief Executive Officer at Tops Appliance City, Inc. and before that as President and Chief Operating Officer at Eye Care Centers of America, Inc., a Sears, Roebuck & Co. company.

"We are very pleased to have Rob join our Board," said Al Davis, Independent Chair of the Fund's Board of Trustees. "Rob's deep and solid management experience as Chief Executive Officer at Monro, a multi-location automotive service business in the United States, alongside other past senior management and board positions, makes him a valued addition to the Fund.  We look forward to and welcome his contribution to the Boyd Group's continued success as the North American leader in automobile collision repair."

Mr. Gross also serves as Director of Core-Mark International Inc.  Mr. Gross has a Bachelor of Science degree in Finance and a Masters of Business Administration degree in Accounting from the University of Buffalo.

About The Boyd Group Income Fund

The Boyd Group Income Fund is an unincorporated, open-ended mutual fund trust created for the purposes of acquiring and holding certain investments, including a majority interest in The Boyd Group Inc. and its subsidiaries. The Boyd Group Income Fund units trade on the Toronto Stock Exchange (TSX) under the symbol BYD.UN.

SOURCE: Boyd Group Income Fund

Brock Bulbuck
President & CEO
Tel: [phone]
[email protected]

Salvador Diaz
Investor Relations
Tel: [phone] or toll free 1-800-385-5451 (ext. 242)
[email protected]

Dan Dott
Chief Financial Officer
Tel: [phone]
[email protected]