TORONTO, ONTARIO--(Marketwire - March 8, 2013) - Canadian High Income Equity Fund (TSX:CIQ.UN) has received approval for a normal course issuer bid to purchase up to 705,300 units (the "Units") of the Fund representing approximately 10% of the public float of 7,053,397 Units. The Fund may purchase up to 141,067 Units in any 30 day period which is 2% of the 7,053,397 issued and outstanding Units at March 4, 2013.