An anonymous director reports

BLUE RIBBON INCOME FUND ANNOUNCES MONTHLY DISTRIBUTIONS

Blue Ribbon Income Fund has declared distributions in the amount of five cents per unit per month for record dates from January to March, 2017. At this time, the fund expects that this will be the monthly distribution rate throughout 2017, with formal announcements made quarterly.

Record date         Payment date     

Jan. 31, 2017      Feb. 14, 2017
Feb. 28, 2017     March 14, 2017   
March 31, 2017    April 17, 2017    

Since the fund's inception in September, 1997, the fund has paid cash distributions of $17.58 per unit.

Unitholders are reminded that the fund offers a distribution reinvestment plan (DRIP) which provides unitholders with the ability to automatically reinvest distributions, commission free and realize the benefits of compound growth. Unitholders can enroll in the DRIP program by contacting their investment adviser.

We seek Safe Harbor.