Bloom Select Income Fund Announces Normal Course Issuer Bid for Units

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 516,641 Units
of the Fund, representing approximately 10% of the public float of 5,166,413
Units as of the date hereof. The Fund will not purchase in any given 30-day
period, in the aggregate, more than 105,452 Units, being 2% of the issued and
outstanding Units of 5,272,606 as of the date hereof. Purchases of Units under
the NCIB may commence on May 14, 2013. 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, 2014.


On May 10, 2012, the Fund announced that it was making a Normal Course Issuer
Bid, which commenced May 14, 2012, to purchase up to 537,281 units through the
facilities of the TSX. The Fund repurchased 221,800 Units at a weighted average
price of $9.03 per unit under the bid, which expires on May 13, 2013.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bloom Funds
Investor Relations
416-861-9941 or 1-855-BLOOM18
www.bloomfunds.ca