BLB.UN Bloom Select Income Fund

Bloom Select Income Fund (the "Fund") (TSX:BLB.UN) announced today acceptance by
the Toronto Stock Exchange (the "TSX") of the Fund's Notice of Intention to make
a Normal Course Issuer Bid (the "NCIB").


Pursuant to the NCIB, the Fund proposes to purchase through the facilities of
the TSX, from time to time, if it is considered advisable, up to 537,281 Units
of the Fund, representing approximately 10% of the public float of 5,372,813
Units as of the date hereof. The Fund will not purchase in any given 30-day
period, in the aggregate, more than 109,496 Units, being 2% of the issued and
outstanding Units of 5,474,813 as of the date hereof. Purchases of Units under
the NCIB may commence on May 14, 2012. Bloom Investment Counsel, Inc., the
manager of the Fund, believes that such purchases are in the best interests of
the Fund and are a desirable use of the Fund's resources. All purchases will be
made through the facilities of the TSX in accordance with its rules and
policies. All Units purchased by the Fund pursuant to the NCIB will be
cancelled. The NCIB will expire on May 13, 2013.

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