TORONTO, ONTARIO--(Marketwire - March 8, 2011) - Canadian High Income Equity Fund (TSX:CIQ.UN) has received approval for a normal course issuer bid to purchase up to 1,024,600 units (the "Units") of the Fund representing approximately 10% of the public float of 10,246,677 Units. The Fund may purchase up to 204,934 Units in any 30 day period which is 2% of the 10,246,677 issued and outstanding Units at March 1, 2011

As of March 1, 2011, the Fund had purchased 207,000 units under its current bid at an average price of $11.18 per unit.

The Units may be purchased for cancellation from March 10, 2011 to March 9, 2012 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 Manager of the Fund believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds.

For additional information concerning the Fund, please call our investor relations line at 416-642-9051 (toll-free at 1-866-642-6001) or visit our website at

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 Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Contact Information: Brompton Funds Management Limited
Chris Cullen
Senior Vice President
(416) 642-9064