Daniel Arbour & Associés merges with IBI Group

On January 18, 2006, IBI Income Fund announced that its subsidiary, IBI Group, and Daniel Arbour & Associates ("DAA") had agreed to merge. Based in Montréal, DAA is a leading provider of urban and regional planning, design, and other professional services in the fields of housing, industrial institutional uses and commercial uses. DAA was advised in this transaction by a team from Fasken Martineau comprised of Alain Ranger, Patricia Gagnon and Michel Boislard.