TORONTO, Dec. 21 /CNW/ - MINT Income Fund announced today its intention to make a normal course issuer bid for its units through the facilities of the Toronto Stock Exchange (the "TSX"). This normal course issuer bid is intended to commence on December 23, 2005 and will terminate on December 22, 2006. In accordance with the Trust Agreement by which MINT is governed, market purchases pursuant to its normal course issuer bid may only be effected if unitholders are offering their units for sale at less than net asset value per unit. At December 15, 2005 there were 3,724,577 units issued and outstanding including 3,721,636 in the public float. MINT may, during the 12 month period commencing December 23, 2005, purchase on the TSX up to 372,163 units, being 10% of the public float of the units. Since December 23, 2004, MINT has purchased 404,500 units at an average price of $12.53 per unit. MINT has traded at prices which are less than the net asset value per unit. As a result, depending on future stock price movements and other factors, MINT believes that its units may represent an attractive investment for the Fund and a desirable use of its available funds. Any normal course purchases made by MINT will also afford an increased degree of liquidity to those unitholders of MINT who wish to dispose of their units. MINT trades on the Toronto Stock Exchange under the symbol "MID.UN".