Goldman Sachs U.S. Income Builder Trust Receives Approval for Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwired - July 10, 2014) - Goldman Sachs U.S. Income Builder Trust (the "Fund") (TSX:GSB.UN) has received approval for a normal course issuer bid to purchase up to 718,100 class A units (the "Units") of the Fund representing 10% of the public float of 7,181,000 Units. The Fund may purchase up to 149,500 Units in any 30 day period which is 2% of the 7,475,000 issued and outstanding Units at July 4, 2014.

The Units may be purchased for cancellation from July 14, 2014 to July 13, 2015 through the facilities of the TSX or other eligible alternative market and may only be purchased at a price per Unit not exceeding the last published net asset value per Unit. The Fund believes that such purchases are in its best interests and are a desirable use of its available funds.

About Brompton Funds

Brompton Funds, a division of Brompton Group, is an experienced investment fund manager operating since 2002. Brompton is focused on meeting the needs of investors by offering low cost, innovative products with client friendly terms and supported by strong corporate governance. For further information, please contact your investment advisor, call Brompton's investor relations line at 416-642-6000, toll-free at 1-866-642-6001, email info@bromptongroup.com or visit our website at www.bromptongroup.com.

About Goldman Sachs Asset Management

GSAM is the asset management arm of The Goldman Sachs Group, Inc. (NYSE:GS), which manages $956 billion as of March 31, 2014. GSAM has been providing discretionary investment advisory services since 1988 and has investment professionals in all major financial centers around the world. The company offers investment strategies across a broad range of asset classes to institutional and individual clients globally. Founded in 1869, Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the Fund's publicly filed documents which are available from SEDAR at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.