TMXgroup

April 19, 2012

Bloom Select Income Fund (the "Fund") – An application has been granted for the original listing in the Industrial category of up to a maximum of 11,500,000 units, of which up to 10,000,000 units will be issued and outstanding, and up to 1,500,000 units will be reserved for issuance upon completion of an initial public offering (the "Offering").

Listing of the units will become effective at 5:01 p.m. on Thursday, April 19, 2012, in anticipation of the public offering closing on Friday, April 20, 2012. The units, other than those which have not been distributed to the public, will be posted for trading at the opening on April 20, 2012.

Registrations of interests in and transfers of the units will be made only through the book-entry only system of CDS Clearing and Depository Services Inc. ("CDS"). Units must be purchased, transferred and surrendered for redemption only through a CDS Participant. Upon purchase of any units, the owner will receive only the customary confirmation.

Additional information on the units may be found in the final prospectus dated March 22, 2012 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.

Stock Symbol: "BLB.UN"   CUSIP: 093734 10 1   Trading Currency: CDN$

Temporary
Market Maker: Desjardins Securities Inc.

Other Markets: None

Head Office
Address: 150 York Street
Suite 1710
Toronto, ON
M5H 3S5

Email Address: info@bloomfunds.ca

Website Address: www.bloomfunds.ca

Head Office
Telephone Number: (416) 861-9941

Fax Number: (416) 861-9943

Investor Relations: Alex Chung
(416) 861-9941
info@bloomfunds.ca

Chief Financial Officer: Fiona E. Mitra

Corporate Secretary: M. Paul Bloom

Incorporation: The Fund was established under the laws of the Province of Ontario pursuant to a declaration of trust dated March 22, 2012.

Manager of the Fund: Bloom Investment Counsel, Inc.

Fiscal Year End: December 31

Nature of Business: The Fund has been created to enable Holders to invest in an actively managed, diversified portfolio comprised primarily of publicly listed or traded Canadian securities. The Manager will build a portfolio comprised primarily of eligible high dividend paying Canadian common equity securities, income trusts and REITs that have a Beta of less than 1.0 at the time of investment.
Transfer Agent &
Registrar: CIBC Mellon Trust Company at its principal office in Toronto.

Distributions: The Fund intends to make monthly cash distributions to Holders of record on the last Business Day of each month, commencing in May, 2012. Distributions will be paid no later than the 15th Business Day following the end of the month for which the distribution is payable. Based on the Manager's current estimates, the initial distribution target for the Fund until the period ending December 2013 is expected to be $0.041666 per Unit per month ($0.50 per annum to yield 5.0% on the subscription price of $10.00 per Unit). Although distributions are not expected to change, the Fund intends to annually set distribution targets based on the Manager's assessment of the actual and expected cash flow of the Fund for the period. The initial cash distribution is anticipated to be payable on June 15, 2012, to Holders of record on May 31, 2012, based on an anticipated closing of April 20, 2012.

Public Offering: Pursuant to the terms of the Prospectus, up to a maximum of 10,000,000 units are being offered to the public by BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., TD Securities Inc., GMP Securities L.P., National Bank Financial Inc., Scotia Capital Inc., Canaccord Genuity Corp., Raymond James Ltd., Desjardins Securities Inc. , Macquarie Private Wealth Inc., Mackie Research Capital Corporation, Dundee Securities Ltd. and HSBC Securities (Canada) Inc., as agents, at a price of $10 per unit.