Altus Group Income Fund Announces Unitholder and Special Voting Unitholder Approval of Conversion to Corporation

Altus Group Income Fund (the "Fund") (TSX:AIF.UN) is pleased to announce that
earlier today, at a duly constituted special meeting of unitholders and special
voting unitholders (the "Meeting"), unitholders and special voting unitholders
overwhelmingly approved the proposed conversion of the Fund into a corporation
(the "Conversion") to be named Altus Group Limited ("AGL"). At the Meeting,
unitholders and special voting unitholders also approved the creation of a (1)
common share option plan for AGL, (2) equity compensation plan for AGL and (3)
director equity compensation plan for AGL. Details of the voting results from
the Meeting are available on SEDAR at www.sedar.com.


"Altus continues to manage the process of conversion carefully and believes the
conversion to a public company will strengthen Altus and position us for even
greater success," said Gary Yeoman, Chief Executive Officer. "It will enhance
our flexibility to compete in the marketplace - an important advantage."


The Conversion is scheduled to be effective on or about January 1, 2011,
following receipt of a final order from the Ontario Superior Court of Justice
and the satisfaction or waiver of all other conditions to the Conversion.


The common shares of AGL have been conditionally approved for trading on the
Toronto Stock Exchange under the symbol "AIF".


About Altus Group Income Fund 

Altus Group is the leading multidisciplinary provider of independent real estate
consulting and professional advisory services worldwide. With a staff of over
1,700, Altus Group has a network of over 60 offices in 14 countries worldwide,
including Canada, UK, Australia, Asia and the United States. We operate four
interrelated Business Units, bringing our range of expertise together into one
comprehensive platform: Research, Valuation and Advisory; Cost Consulting and
Project Management; Realty Tax Consulting and Geomatics services. Altus' clients
include banks, financial institutions, governments, pension funds, asset and
fund managers, developers and landlords and companies engaged in the oil and gas
industry.


Forward Looking Statements

Certain statements in this press release may constitute "forward-looking"
statements, which involve known and unknown risks, uncertainties and other
factors, which may cause the actual results, performance or achievements of the
Fund and its subsidiary entities, to be materially different from any future
results, performance or achievements expressed or implied by such forward
looking statements. When used in this press release, such statements use words
such as "may", "will", "expect", "believe", "plan", "would", "could" and other
similar terminology. These statements are not guarantees of future performance
and are subject to numerous risks and uncertainties, including those described
in the Fund's publicly filed documents, including the Annual Information Form,
dated March 24, 2010 (which are available on SEDAR at www.sedar.com). Those
risks and uncertainties include: general state of the economy; dependence on oil
and gas sector; competition in the industry; ability to attract and retain
professionals; interest rate risk; currency risk; credit risk; ability to
maintain profitability and manage growth; revenue and cash flow volatility;
dependence on Canadian multi-residential market; integration of acquisitions;
protection of intellectual property; weather; fixed-price and contingency
engagements; performance of obligations / maintenance of client satisfaction;
appraisal mandates; customer concentration; restrictions on potential growth;
operating risks; risk of future legal proceedings; legislative and regulatory
changes and insurance limits. Given these risks and uncertainties, investors
should not place undue reliance on forward-looking statements as a prediction of
actual results. These statements reflect management's current expectations
regarding future events and operating performance and speak only as of the date
of this press release. Although the forward-looking statements contained in this
press release are based upon what management believes to be reasonable
assumptions, the Fund cannot assure investors that actual results will be
consistent with these forward-looking statements. These forward-looking
statements are made as of the date of this press release and, except in
accordance with applicable law, the Fund assumes no obligations to update or
revise them to reflect new events or circumstances. Additionally, the Fund
undertakes no obligation to comment on analyses, expectations or statements made
by third parties in respect of the Fund, its financial or operating results, or
its securities.
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