INDEXPLUS ANNOUNCES NORMAL COURSE ISSUER BID

TORONTO, Sept. 9 /CNW/ - INDEXPLUS Income Fund announced today its intention to make a normal course issuer bid for its units through the facilities of the Toronto Stock Exchange (the "TSX").  This normal course issuer bid is intended to commence on September 13, 2010 and will terminate on September 12, 2011.  In accordance with the Declaration of Trust by which INDEXPLUS is governed, market purchases pursuant to its normal course issuer bid may be effected by the Fund.

The Fund had 14,099,481 units issued and outstanding as at September 2, 2010.  INDEXPLUS may, during the 12 month period commencing September 13, 2010 purchase on the TSX up to 1,409,403 units, being 10% of the public float of 14,094,039 units and may not, in any 30 day period, purchase more than 281,989 units, being 2% of the units issued and outstanding.  INDEXPLUS will hold in treasury for resale all units purchased pursuant to the bid.  As at September 2, 2010 INDEXPLUS had purchased 131,300 units at an average price of $9.97 per unit under its previously approved normal course issuer bid.  INDEXPLUS believes that its units represent good value for the Fund and purchases under the normal course issuer bid may serve to enhance returns to unitholders.

INDEXPLUS trades on the Toronto Stock Exchange under the symbol "IDX.UN".

For further information:

visit our website at www.middlefield.com or contact the undersigned:

Nancy Tham
Senior Vice President
[phone]