An anonymous director reports

BRAND LEADERS INCOME FUND ANNOUNCES INTENTION TO MAKE NORMAL COURSE ISSUER BID

Brand Leaders Income Fund intends to purchase up to 250,250 listed trust units of the fund for cancellation by way of a normal course issuer bid through the facilities of the Toronto Stock Exchange. The 250,250 units represent approximately 10 per cent of the public float of the fund. As of Aug. 14, 2014, 2,503,907 units were issued and outstanding. The public float of 2,502,507 units has been calculated as the issued and outstanding units, respectively, less units held by insiders of the fund.

The purchases may commence on Aug. 25, 2014, and will terminate on Aug. 24, 2015, or on such earlier date as the fund may complete its purchases or provide notice of termination. 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 50,078 units (2 per cent 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).

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. In the 12 months preceding the date of this release, the fund has purchased for cancellation 16,900 units pursuant to an expiring normal course issuer bid at a weighted average price of $11.85 per unit.

We seek Safe Harbor.