TORONTO, ONTARIO--(Marketwire - Dec. 19, 2012) -


Blue Ribbon Income Fund (the "Fund") (TSX:RBN.UN) is pleased to announce the completion of its offering of 3.865 million units for total gross proceeds of approximately $44.2 million. The offering was comprised of the 3.5 million unit maximum offering, plus an additional 0.365 million units pursuant to the agent's over-allotment option, each as qualified under the Fund's short form prospectus dated December 11, 2012. The units will continue to trade on the Toronto Stock Exchange under the existing symbol RBN.UN. The units were offered at a price of $11.43. The offering price of the units was determined so as to be non-dilutive to the most recently calculated net asset value per unit of existing unitholders prior to the filing of the final prospectus.

The Fund invests in a portfolio consisting primarily of dividend-paying Canadian high income equities. The investment objectives of the Fund are to provide unitholders with monthly cash distributions and the opportunity to participate in gains in the value of the Fund's investment portfolio.

The syndicate of agents for the offering was co-led by CIBC, BMO Capital Markets and RBC Capital Markets, and includes National Bank Financial Inc., TD Securities Inc., GMP Securities L.P., Scotiabank, Desjardins Securities Inc., Canaccord Genuity Corp., Macquarie Private Wealth Inc., Raymond James Ltd., Dundee Securities Ltd., Industrial Alliance Securities Inc. and Mackie Research Capital Corporation.

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 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.

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 news 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.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy securities nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful.

Contact Information:

Brompton's investor relations line
416-642-6000, toll-free at 1-866-642-6001