Davis + Henderson completes C$212.5 million acquisition of Filogix and C$116 million offering of subscription receipts

On June 15, 2006, Davis + Henderson, Limited Partnership, a wholly owned business of Davis + Henderson Income Fund (TSX: DHF.UN), completed its acquisition of Filogix Holdings Inc. from Monitor Clipper Partners for approximately C$212.5 million. The acquisition was financed in part by a public offering by the fund of 6,026,000 subscription receipts for gross proceeds of approximately C$116 million, underwritten by BMO Nesbitt Burns Inc., Scotia Capital Inc., RBC Dominion Securities Inc., TD Securities Inc., CIBC World Markets Inc., and National Bank Financial Inc. The balance of the acquisition price and related transaction costs was funded through existing cash balances and by drawings under amended five-year credit facilities provided by BMO Nesbitt Burns Inc. and Scotia Capital Inc.

Davis + Henderson is Canada's leading supplier of bank cheques. Filogix is Canada's leading provider of information and transaction technologies for residential mortgage and real estate transactions. Monitor Clipper Partners is a private equity investment firm based in Massachusetts.