Briefly:

Webb Asset Management Canada has received investor approval for the Webb Enhanced Growth Fund to purchase the assets of the firm’s Canadian Performance Fund, effectively merging the two funds.

Unitholders of the Performance fund will receive units of the Growth fund, and the transaction is expected to be completed before the close of business on December 31, 2009.

Webb Canada said in a press release that unitholders will benefit from a larger Growth fund, which should provide greater economies of scale and lower expenses on a per-unit basis.

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Criterion completes fund merger

Criterion Investments Inc. has completed the merger of the Criterion International Equity Fund with Criterion Global Dividend Fund.

Former unitholders of International Equity have received corresponding class units of Global Dividend based on an exchange ratio, ranging from 0.8261 for D class units, to 0.9236 for M class units.

(12/31/09)

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