TORONTO, December 11 /PRNewswire/ --     Davis + Henderson Income Fund (TSX: DHF.UN) today announced that its
Filogix Segment, Canada's leading mortgage technology provider, will acquire
Cyence International Inc. for CDN$38 million.

Established in 1996, and with clients in Canada, the United States and
Australia, Cyence is a leading international provider of credit lifecycle
management software and service solutions to the financial services industry.
Its premier software platform, ExpressOS(TM), offers a sophisticated suite of
lending and leasing front-office solutions that automate, integrate and
facilitate the origination, decisioning and loan servicing business
processes. Highly configurable, user friendly applications allow clients to
create and manage real-time transactions with significantly improved
efficiency and savings.

"This acquisition is consistent with our stated strategy of delivering
more programs within the lending services marketplace," said Bob Cronin,
Chief Executive Officer of Davis + Henderson. "We are pleased to add Cyence's
product capability, geographical reach and talented team to our organization.
This acquisition will expand upon our strategy of evolving our overall
business by increasing the depth and breadth of services that we provide to
our financial institution customers."

"Major financial institutions are increasingly seeking answers to meet a
wide variety of credit needs, from retail secured and unsecured credit
solutions through to small business and commercial lending applications,"
said Gerrard Schmid, CEO of Filogix. "Adding Cyence's highly configurable
lending platforms to the Filogix suite of products significantly enhances our
ability to better serve our clients. Cyence's leading position in Equipment
Finance, Commercial Banking and Small Business lending complements our
leading position in mortgage origination and underwriting. As lenders tighten
their lending criteria we also see growth opportunities by providing
compliance solutions and specialty lending applications like equipment
financing."

"The acquisition by Filogix will accelerate Cyence's evolution to the
next level" said Peter Hyne, founder of Cyence. "Davis + Henderson and
Filogix have a proven track record of delivering enhanced solutions to the
financial services industry and share our passion for providing services by
applying best-of-breed technology, with a strong customer focus. This
transaction will be good for all of our stakeholders, especially our
employees and clients. Davis + Henderson's 130 year history of serving
financial institutions brings tremendous depth, breadth and expertise to our
existing client relationships."

This acquisition advances Filogix's strategy of accelerating growth via a
broader base of client-centric products with deeper coverage capability
within the credit lifecycle. The multi-language, configurable platform is
also ideally positioned to deliver lending solutions for lenders seeking a
flexible multi-country product solution across multiple credit products with
enhanced internal controls and workflow attributes.

The acquisition is expected to close before the end of December, subject
to several closing conditions. Financing for the acquisition will be provided
from cash balances and from drawings under Davis + Henderson's existing
credit facilities. The transaction is expected to be modestly accretive to
cash flow in 2009.

About Filogix

Filogix is a leading provider of credit solutions ranging from mortgage
origination through mortgage underwriting and lending lien registration
services, as well as a leading provider of real estate listing technologies.
Filogix's origination systems are used by captive salesforces, brokers and
bank branches across Canada, while their underwriting solutions are used by
more than 25 lenders across Canada, and their lien registration solutions are
used by several of Canada's largest banks. Filogix also provides connectivity
to the mortgage marketplace to mortgage insurance providers, credit bureaus,
appraisal firms and credit insurance providers.

About Davis + Henderson

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.

Caution Concerning Forward-Looking Statements

This news release contains certain statements that constitute
forward-looking statements or forward-looking information within the meaning
of applicable securities laws (collectively, "forward looking statements").
Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that relate to, among other things, sales
growth, expansion and growth of the respective businesses, future capital
expenditures and the business strategies of each of Davis + Henderson, Davis
+ Henderson Income Fund and Filogix (collectively, the "D+H Entities"). While
the D+H Entities consider these factors and assumptions to be reasonable,
they may prove to be incorrect. Forward-looking statements include all
disclosure regarding possible events, conditions or results of operations
that are based on assumptions about future economic conditions and courses of
action. Forward looking statements may also include, without limitation, any
statement relating to future events, conditions or circumstances. As such,
forward looking statements are subject to inherent uncertainties and a number
of factors could cause actual results to differ materially from those in the
forward-looking statements, including, but not limited to: general industry
and economic conditions, changes in the D+H Entities' relationships with
their suppliers and customers, pricing pressures and other competitive
factors, the availability and costs of utilities, the results of the D+H
Entities' ongoing efforts to improve cost effectiveness, changes in
regulatory requirements affecting the businesses of the D+H Entities and the
availability and terms of financing and the ability of Cyence International
Inc. to meet its revenue and EBITDA targets. Other Risk Factors are set out
and described in the Annual Information Form for the Davis + Henderson Income
Fund which is available at http://www.sedar.com or the Fund's web site at
http://www.dhltd.com. Consequently, actual results and events may vary
significantly from those included in, contemplated by or implied by such
forward-looking statements. In evaluating forward-looking statements, readers
should specifically consider the various factors that could cause actual
events or results to differ materially from such forward-looking statements.
Forward-looking statements are given only as at the date of this press
release and the D+H Entities disclaim any obligation to update or revise the
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by applicable law.

Conference Call

Davis + Henderson will discuss this potential transaction via conference
call at 4:00 p.m. EST (Toronto time) on Thursday December 11, 2008. The
number to use for this call is 416-644-3417 for Toronto area and
international callers or 1-800-731-5774 for North American callers. The
conference call will be hosted by Bob Cronin, Chief Executive Officer of
Davis + Henderson, and by Gerrard Schmid, Chief Executive Officer of Filogix.
The conference call will also be available on the web by accessing CNW
Group's website http://www.newswire.ca/webcast/. For anyone unable to listen
to the scheduled call, the rebroadcast number is 416-640-1917 for Toronto
area and international callers, or 1-877-289-8525 for North American callers,
with reservation number 21291839 followed by the number sign. The rebroadcast
will be available until Friday, December 26, 2008. An archive recording of
the conference call will also be available at the above noted web site
address for one month following the call and a text version of the call will
be available at http://www.dhltd.com.

For further information: Catherine Martin, Chief Financial Officer, Davis
+ Henderson Income Fund, 939 Eglinton Avenue East, Suite 201, Toronto,
Ontario, M4G 4H7, +1-888-850-6656, investorrelations@dhltd.com