Davis + Henderson Completes Acquisition of Cyence

TORONTO, Dec. 19 /CNW/ - Davis + Henderson Income Fund (TSX: DHF.UN)
today announced it has completed the previously announced acquisition by its
Filogix Segment ("Filogix") of all the outstanding shares of Cyence
International Inc. ("Cyence") for an aggregate purchase price of approximately
$38 million.
Established in 1996, and with clients in Canada, the United States and
Australia, Cyence is a leading international provider of credit lifecycle
management software and service solutions to the financial services industry.
Its premier software platform, ExpressOS™, offers a sophisticated suite of
lending and leasing front-office solutions that automate, integrate and
facilitate the origination, customer service and collections business
processes. Highly configurable, user friendly applications allow clients to
create and manage real-time transactions with significantly improved
efficiency and savings.

About Filogix

Filogix is a leading provider of credit solutions ranging from mortgage
origination through mortgage underwriting and lending lien registration
services, as well as a leading provider of real estate listing technologies.
Filogix's origination systems are used by captive salesforces, brokers and
bank branches across Canada, while their underwriting solutions are used by
more than 25 lenders across Canada, and their lien registration solutions are
used by several of Canada's largest banks. Filogix also provides connectivity
to the mortgage marketplace to mortgage insurance providers, credit bureaus,
appraisal firms and credit insurance providers.

About Davis + Henderson

Davis + Henderson and its predecessors have been serving the Canadian
financial services industry since 1875. Through integrated service offerings,
Davis + Henderson is a market leader in providing programs to customers who
offer chequing account and lending services within Canada. Davis + Henderson
Income Fund is listed on the Toronto Stock Exchange, symbol DHF.UN.

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