North American REIT Income Fund Files Final Prospectus

North American REIT Income Fund  announces that it has filed a final prospectus dated October 26, 2012 with the securities regulatory authorities of all of the Canadian provinces and territories for an initial public offering of transferable trust units of the Fund at $10.00 per Unit.
 
The Fund's investment objectives are to provide holders of Units with (a) stable monthly cash distributions; and (b) the opportunity for capital appreciation. The Fund has been created to invest in an actively managed portfolio  comprised primarily of listed equity securities issued by real estate investment trusts and to a lesser extent other issuers principally engaged in the real estate industry in Canada and the United States. The Portfolio will be managed by CBRE Clarion Securities LLC. The Fund will be managed by Propel Capital Corporation .
 
The initial distribution target for the Fund is $0.05 per Unit per month ($0.60 per annum to yield 6.0% on the subscription price of $10.00 per Unit). The Fund will not have a fixed distribution amount but intends to at least annually set periodic distribution targets.
 
Prospective purchasers may purchase Units either by cash payment or an exchange of freely tradeable securities described in the table below. Prospective purchasers under the exchange option will be required to deposit their exchange eligible securities prior to 5:00 p.m.  on November 9, 2012, in the manner described in the prospectus.

on October 31, 2012