HRR.UN Australian REIT Income Fund

Harvest Portfolios Group Inc., the manager (the "Manager") of Australian REIT
Income Fund (the "Fund") (TSX:HRR.UN) today announced that the Fund will
commence a normal course issuer bid to purchase a portion of the outstanding
Class A Units (TSX:HRR.UN) on the Toronto Stock Exchange ("TSX"). The purpose of
the normal course issuer bid for HRR.UN is to provide the Fund with a mechanism
to decrease the potential spread between the net asset value per unit and the
market price of the Class A Units and to provide enhanced liquidity for the
Class A Units. HRR.UN intends to purchase up to 532,751 Class A Units,
representing 10% of the public float of the securities issued and outstanding.
These purchases will be made in accordance with applicable regulations, and will
be effected through the facilities of TSX over a maximum period of 12 months
commencing on May 7, 2014 and ending on the earlier of May 6, 2015 or on such
date as the Fund completes its purchase under the normal course issuer bid or on
such date as the Fund may otherwise determine. Class A Units purchased will be
cancelled. HRR.UN had 5,329,517 Class A Units issued and outstanding and will
not purchase in any given 30 day period, in the aggregate more than 106,590,
being 2% of the issued and outstanding Class A Units as at May 2, 2014. The
Company purchased for cancellation 50,000 Class A Units at a weighted average
price per Class A Units of $8.39 under its previous normal course issuer bid.


FOR FURTHER INFORMATION PLEASE CONTACT: 
For media inquiries or additional information:
1-866-998-8298
info@harvestportfolios.com

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