Press Release

Declares Quarterly Income Distribution

(For Release 4 p.m. EDT, September 17, 2001)

Toronto, September 17, 2001: 60Plus Income Trust (the ³Trust²) has declared a regular quarterly income distribution of C$0.50 per Unit payable September 28, 2001 to unitholders of record on such date.

60Plus Income Trustıs investment objectives are to provide Unitholders with a stable stream of quarterly distributions of at least $0.50 per Unit. The Trust intends to achieve its investment objectives by investing in a diversified portfolio consisting principally of common shares issued by corporations selected from the S&P/TSE 60 Index. The Trust may also, from time to time, invest up to 20% of the cost amount of its assets in (i) common shares issued by the top 60 corporations selected on the basis of market capitalization from the S&P 100 Index or (ii) American Depository Receipts (³ADRs²) of the top 60 corporations selected on the basis of market capitalization whose ADRs are trading on the New York Stock Exchange or NASDAQ.

To generate additional returns above the dividend income earned on the portfolio, the Trust will from time to time, write covered call options in respect of all or part of the common shares in the Portfolio. In addition, the Trust may write cash covered put options in respect of securities in which the Trust is permitted to invest.

Unitholders of 60Plus Income Trust may elect to have their distributions re-invested into additional Units by enrolling in the Trustıs Distribution Reinvestment Plan. Unitholders should contact their broker or the Plan Agent (Computershare) to enroll in the plan.

The Trustıs investment portfolio is managed by its investment manager, Mulvihill Capital Management Inc. Trust Units are listed on The Toronto Stock Exchange under the symbol SIX.UN.

Distribution Details:

Regular Distribution per Unit
$ 0.50
Payable Date
September 28, 2001
Record Date
September 28, 2001
Ex-Dividend Date
September 26, 2001

For more information please contact:
John Mulvihill, Chairman & CEO
Don Biggs, Vice President, Structured Products

60Plus Income Trust
121 King Street West, Suite 2600
Toronto, Ontario M5H 3T9
(416) 681-3966   (800) 725-7172