December 19, 2011

Brookfield New Horizons Income Fund ("BIF.UN") has announced a distribution of C$0.20 per unit for the quarter ending December 31, 2011. The distribution will be paid on or before January 23, 2012 to holders of record on December 30, 2011.

BIF.UN will begin trading ex-distribution on Wednesday, December 28, 2011.

Symbol: BIF.UN

Ex-distribution Date:  Wednesday, December 28, 2011

Record Date: Friday, December 30, 2011

If you have any questions or require further information please contact Radhika at (416) 572-2000 X 2435 or Email: radhika@cnsx.ca