Canadian Convertible Debenture Fund Announces Normal Course Issuer Bid for Units

Abstract

Pursuant to the NCIB, the Fund proposes to purchase through the facilities of the TSX, from time to time, if it is considered advisable, up to 1,874,170 Units of the Fund, representing approximately 10% of the public float which is the same number as the Fund's issued and outstanding Units, being 18,741,700 Units as of the date hereof. The Fund will not purchase in any given 30-day period, in the aggregate, more than 374,834 Units, being 2% of the issued and outstanding Units as of the date hereof. Purchases of Units under the NCIB may commence on November 4, 2010.