Matrix proposes fund mergers

Matrix Funds Management has announced plans to terminate three of its funds, merging their assets into similar mandates. Under the proposals, the following mergers would take place:

• Matrix Dividend & Income Fund would be merged into Matrix Monthly Pay Fund;
• Matrix Canadian Growth Fund would be merged into Matrix Small Companies Fund;
• Matrix International Equity Fund would be merged into Matrix International Balanced Fund;

The proposed mergers are subject to the receipt of all necessary unitholder and regulatory approvals as well as the approval of the Independent Review Committee.

Details of the proposed mergers will be set out in a notice of meeting and information circular that will be sent to unitholders in May in advance of unitholder meetings to be held in Toronto on or about June 8, 2011.

Subject to obtaining all necessary approvals, the mergers will take effect prior to June 30, 2011. There is no guarantee that the mergers will be approved or proceed at all.

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