Davis + Henderson Income Fund acquires 79% of Resolve Business Outsourcing Income Fund

TORONTO, July 27 /CNW/ - Davis + Henderson Income Fund (TSX: DHF.UN)
("Davis + Henderson") and Resolve Business Outsourcing Income Fund (TSX:
RBO.UN) ("Resolve") jointly announced today that 2206997 Ontario Inc. (the
"Offeror"), a company established by Davis + Henderson, has taken up and
accepted for payment 25,826,252 units (the "Resolve Units") of Resolve
pursuant to the Offeror's previously announced offer (the "Offer") to purchase
all of the Resolve Units on the basis of 0.285 Davis + Henderson units (the
"D+H Units") for each Resolve Unit. The Units acquired by the Offeror were all
of the Resolve Units deposited under the Offer and represented approximately
79% of the issued and outstanding Resolve Units.
Following the acquisition by the Offeror of the Resolve Units deposited
under the Offer, the Offeror intends to amend Resolve's Declaration of Trust
as described in the take-over bid circular mailed to unitholders in connection
with the Offer, to permit the Offeror to purchase the Resolve Units held by
non-tendering unitholders.
The Offeror intends to deliver the D+H Unit consideration payable to
holders of Resolve Units, on the basis of 0.285 D+H Units for each Resolve
Unit, to the Depositary on July 27, 2009 to be forwarded by the Depositary to
all tendering unitholders.
Resolve also announced that in connection with this acquisition by the
Offeror, Robert Conconi, Robert Franklin, John Richardson, John Wetmore and
Robert Wright have resigned as trustees of Resolve, effective today.

ABOUT DAVIS + HENDERSON

Davis + Henderson uses its market-leading capabilities to meet the
evolving needs of the financial services industry in Canada and abroad.
Founded in 1875, the company today provides innovative programs to customers
who offer chequing and credit card accounts, and a comprehensive array of
technology-based solutions to support our customers' credit lifecycle
management services. Davis + Henderson Income Fund is listed on the Toronto
Stock Exchange under the symbol DHF.UN. Further information can be found in
the disclosure documents filed by Davis + Henderson Income Fund with the
securities regulatory authorities, available at www.sedar.com.

ABOUT RESOLVE

Resolve works with businesses as an outsourced resource taking on
critical processes and managing them better, faster and more cost-effectively.
Resolve has over 35 years' experience managing processes for clients in the
financial services, retail, government, consumer goods and communications
industries. Headquartered in Toronto, Canada, Resolve employs more than 3,500
people in 13 locations and is listed on the Toronto Stock Exchange as Resolve
Business Outsourcing Income Fund, symbol RBO.UN. For more information, visit
www.resolve.com.

%SEDAR: 00017092EF