Dimensional Fund Advisors Canada ULC

September 18, 2009 12:38 ET

Dimensional Fund Advisors Canada ULC Announces Fund Mergers

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2009) - Dimensional Fund Advisors Canada ULC ("Dimensional") announced today plans to merge the DFA U.S. Small Cap Fund into the DFA U.S. Value Fund and the DFA International Small Cap Fund into the DFA International Value Fund. The proposed mergers will be effective on or about November 17, 2009, subject to regulatory approval and the approval of the unitholders of the DFA U.S. Small Cap Fund and the DFA International Small Cap Fund. The independent review committee of the funds has considered the proposed mergers and provided its recommendation that the proposed mergers achieve a fair and reasonable result for each of the funds.

"The mergers are designed to create more efficient portfolios that can benefit from increased economies of scale in operating costs," said Brad Steiman, head of Dimensional's business in Canada.

Special meetings of the unitholders of the funds will be held on or about November 5, 2009. If the mergers are approved, holders of Class A, F, and I units of the DFA U.S. Small Cap Fund will receive Class A, F, and I units of the DFA U.S. Value Fund, respectively, and holders of Class A, F, and I units of the DFA International Small Cap Fund will receive Class A, F, and I units of the DFA International Value Fund, respectively. Following the mergers, the DFA U.S. Small Cap Fund and DFA International Small Cap Fund will be wound up. If the mergers are approved by unitholders, Dimensional intends to cease sales of units of the DFA U.S. Small Cap Fund and DFA International Small Cap Fund at the close of business on the day following the date of the unitholder meetings (i.e., if the meetings are held on November 5, 2009, purchase orders received after the close of business on November 6, 2009 will not be processed). Unitholders of the DFA U.S. Small Cap Fund and DFA International Small Cap Fund will have the right to redeem their units up to the close of business on the business day immediately preceding the effective date of the mergers.

In connection with the mergers, Dimensional has proposed changes to the names and investment objectives and strategies of the DFA U.S. Value Fund and DFA International Value Fund and an increase of the management fee payable by the DFA International Value Fund. The funds will be renamed the DFA U.S. Vector Equity Fund and the DFA International Vector Equity Fund, respectively. The altered investment objectives and strategies will allow the DFA U.S. Vector Equity Fund to purchase a broad portfolio of common stocks of U.S. companies with an emphasis on small and value companies, and the DFA International Vector Equity Fund to purchase a broad portfolio of common stocks of non-Canadian and non-U.S. companies with an emphasis on small and value companies. Additionally, the DFA International Vector Equity Fund will also begin purchasing common stocks of companies from emerging markets as well as from developed markets. The changes to the investment objectives of the funds and to the management fee of the DFA International Value Fund will be subject to the approval of unitholders of the affected funds and Dimensional will also seek this approval at the meetings of those funds to be held on or about November 5, 2009. If the required approvals are obtained, these changes will be implemented concurrently with the completion of the mergers.

Additional details regarding the mergers and the other changes are set out in Amendment No. 1 dated September 18, 2009 to the Simplified Prospectus dated June 24, 2009 and Amendment No. 1 dated September 18, 2009 to the Annual Information Form dated June 24, 2009 which will be available at www.sedar.com.

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