Davis + Henderson Income Fund Announces December 2008 Distribution

TORONTO, Dec. 15 /CNW/ - Davis + Henderson Income Fund (TSX: DHF.UN)
announced today a cash distribution of $0.1533 per unit for the month of
December payable on January 30, 2009 to unitholders of record at the close of
business on December 31, 2008.
In addition, a non-cash special distribution at the rate of $0.04 per
unit will be made to unitholders of record on December 31, 2008, payable
December 31, 2008. The special distribution, payable in the form of additional
units, is intended to ensure that, as required by its Declaration of Trust,
the Fund will not be liable to pay income taxes in respect of its current
taxation year ending December 31, 2008. Immediately after the unit
distribution the number of outstanding Fund units will be consolidated, such
that each unitholder will hold, following the consolidation, the same number
of Fund units as before the non-cash distribution.

Davis + Henderson Income Fund's policy is to pay monthly distributions to
unitholders of record on the last business day of each month. Holders of units
who are non-residents of Canada will be required to pay all withholding taxes
payable in respect of any distributions of income by the Fund.

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. 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.

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