NDX Growth & Income Fund Announces Annual Results

TORONTO, ONTARIO--(Marketwired - March 21, 2014) - NDX Growth & Income Fund (the "Fund") (TSX:NGI.UN) announces results for the period ended December 31, 2013. Net increase in net assets from operations amounted to C$0.3 million or C$0.11 per Class A unit and US$0.12 per Class U unit. Net assets were C$29.4 million or C$9.44 per Class A unit and US$9.44 per Class U unit.

The Fund's investment objectives are to provide Unitholders with (i) stable quarterly cash distributions; and (ii) the opportunity for capital appreciation.

The Fund will seek to achieve its investment objectives by investing in a portfolio consisting primarily of the top 20 highest yielding constituents of the NASDAQ-100 Index(SM). The NASDAQ 100 includes 100 of the largest U.S. domestic and international non-financial securities listed on the NASDAQ Stock Market based on market capitalization. Each top 20 security held in the portfolio shall at the time of purchase have a weighting of between 3% and 7% of the Fund's Net Asset Value and will continue to be held in the portfolio until it is reconstituted. The portfolio will be reconstituted annually on December 31^st of each year to include the then top 20 highest yielding securities of the NASDAQ 100.

The Fund employs a proprietary investment strategy, Strathbridge Selective Overwriting ("SSO"), to enhance the income generated by the portfolio and to reduce volatility. The Fund intends to strategically write covered call options from time to time, in respect of not more than 33 percent of the securities in its portfolio. In addition, the Fund may write covered put options (up to a maximum of 10 percent of the Fund's net asset value) in respect of securities in which it is permitted to invest.

The Funds investment portfolio is managed by its investment manager, Strathbridge Asset Management Inc. The
Fund's Class A units are listed on the TSX under the symbol NGI.UN.

Aaron Ho, Vice, President, Finance

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

A preliminary prospectus containing important information relating to the securities has been filed with the securities commissions or similar authorities in certain jurisdictions of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from the Manager at the address, telephone numbers, website and e-mail address set forth above. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.