Futuremed Healthcare Income Fund Underwriters To Exercise Over-Allotment Option

Abstract

Futuremed Healthcare Income Fund (TSX:FMD.UN) (the "Fund") today announced that the underwriters of the Fund's initial public offering have notified the Fund of their intention to exercise the over-allotment option to acquire an additional 601,781 fund units at a price of $10.00 per unit, for gross proceeds of $6,017,810. The over-allotment option proceeds will primarily be used to increase the Fund's interest in the limited partnership units of Futuremed Health Care Products Limited Partnership.