INDEXPLUS Dividend Fund announces normal course issuer bid

TORONTO, March 15, 2012 /CNW/ - INDEXPLUS Dividend 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 will commence on March 19, 2012 and will terminate on March 18, 2013.  In accordance with the Declaration of Trust by which the Fund is governed, market purchases pursuant to its normal course issuer bid may be effected by the Fund.

The Fund had 9,987,265 units issued and outstanding as at March 6, 2012.  The Fund may, during the 12 month period commencing March 19, 2012 purchase on the TSX up to 997,606 units, being 10% of the public float of 9,976,065 units and may not, in any 30 day period, purchase more than 199,745 units, being 2% of the units issued and outstanding. The Fund will hold in treasury for resale all units purchased pursuant to the bid.  As at March 6, 2012 the Fund had purchased 613,100 units at an average price of $10.75 per unit under its previously approved normal course issuer bid. INDEXPLUS Dividend Fund 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 Dividend Fund trades on the Toronto Stock Exchange under the symbol "IDF.UN".

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

Nancy Tham
Managing Director, Sales and Marketing
[phone]