Flaherty & Crumrine Investment Grade Fixed Income Fund Declares Distributions

Business Wire,  April 14, 2005  

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TORONTO -- Flaherty & Crumrine Investment Grade Fixed Income Fund (TSX:FFI.UN) is pleased to announce distributions in the amount of $0.1354 per unit per month for record dates in April to June 2005 as follows:

Record Date           Payment Date         Amount
-----------           ------------         --------
April 29, 2005        May 13, 2005         $0.1354
May 31, 2005          June 14, 2005        $0.1354
June 30, 2005         July 15, 2005        $0.1354

The Fund's Distribution Reinvestment Plan allows unitholders to automatically reinvest monthly distributions in additional units of the Fund. This feature provides unitholders with an excellent opportunity to benefit from reinvesting distributions in additional units. Please contact your investment advisor to enroll in the Plan.

For additional information, including the Fund's portfolio, please visit our website at www.bromptongroup.com.

Flaherty & Crumrine Investment Grade Fixed Income Fund (TSX:FFI.UN)

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