Copernican Capital Corp.

Copernican Capital Corp.

May 26, 2006 12:52 ET

Copernican World Financial Infrastructure Trust Files Preliminary Prospectus

TORONTO, ONTARIO--(CCNMatthews - May 26, 2006) -

This press release is not for distribution in the United States.

Copernican Capital Corp. (TSX:ADC)(TSX:ASC)(TSX:GBP.UN)(TSX:FIT.UN)(TSX:CBK.UN) is pleased to announce that Copernican World Financial Infrastructure Trust (the "Trust") has filed and has received a receipt from the securities regulators of all the Canadian provinces and territories for the preliminary prospectus dated May 24, 2006 for the initial public offering of units (the "Units") of the Trust at a price of $10.00 per Unit.

The Trust is a closed-end investment trust whose investment objectives are:

(i) to provide Unitholders with monthly cash distributions (which for the initial 19 months of the Trust is expected to be $0.50 per Unit, representing a yield of 5% per annum based on the $10.00 per Unit issue price, and commencing in 2008 will be determined and announced by the Trust on an annual basis); and

(ii) to preserve and enhance the net asset value of the Trust.

AIC Investment Services Inc. (the "Investment Manager") will be responsible for the Trust's overall investment strategy. The Trust will invest in an actively managed diversified portfolio of securities consisting of common shares of issuers that underpin the world's financial infrastructure, including those whose businesses dominate custodian and wealth management, securities exchanges, insurance brokerage, financial networks and processing and financial information.

As at April 28, 2006, the Investment Manager's assets under management totalled approximately $9.0 billion of which approximately $4.5 billion was invested in the global financial services industry.

A syndicate of agents is being led by CIBC World Markets Inc. and includes RBC Dominion Securities Inc., National Bank Financial Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., TD Securities Inc., Berkshire Securities Inc., HSBC Securities (Canada) Inc., Canaccord Capital Corporation, Desjardins Securities Inc., Bieber Securities Inc., Blackmont Capital Inc., Dundee Securities Corp., Raymond James Ltd. and Wellington West Capital Inc.

A preliminary prospectus relating to these securities has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada but has not yet become final for the purpose of a distribution to the public. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any province or territory of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in such province or territory.

AIC commenced operations in 1985 and has grown to become Canada's largest privately-held mutual fund company with assets under management exceeding $9 billion.

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