Mavrix Fund Management Inc.

Mavrix Fund Management Inc.
Matrix Asset Management Inc.
TSX : MTA

Matrix Asset Management Inc.

March 22, 2010 10:24 ET

Mavrix Fund Management Inc. Completes the Rollovers of the Mavrix Explore 2008-I FT Limited Partnership and the Mavrix Quebec 2008 Flow Through LP

TORONTO, ONTARIO--(Marketwire - March 22, 2010) - Mavrix Fund Management Inc. ("Mavrix") today announced that on March 19, 2010, it completed the rollover of the Mavrix Explore 2008-I FT Limited Partnership ("LP") and the rollover of the Mavrix Quebec 2008 Flow Through LP ("LP") into the Mavrix Multi Series Fund Ltd.-Explorer Series.

As at the rollover date, the net asset value of the Mavrix Explore 2008-I FT LP was $4.21913 per unit. Each investor in the Mavrix Explore 2008-I FT LP will receive 0.332739 shares of the Mavrix Multi Series Fund Ltd.-Explorer Series for each LP unit held on a tax-deferred basis.

As at the rollover date, the net asset value of the Mavrix Quebec 2008 FT LP was $3.79397 per unit. Each investor in the Mavrix Quebec 2008 FT LP will receive 0.299209 shares of the Mavrix Multi Series Fund Ltd.-Explorer Series for each LP unit held on a tax-deferred basis.

The Mavrix Multi Series Fund-Explorer Series (the "Fund") is a class of redeemable shares of the Mavrix Multi Series Fund Ltd., a multi class mutual fund corporation. The Fund's primary investment objective is to seek long-term capital growth by investing in a diversified portfolio of Canadian resource issuers. To achieve this objective, the Fund invests solely in the Mavrix Explorer Fund that pursues the same investment objective mandate. Mavrix also offers five other share classes, the Mavrix Multi Series Fund Ltd.-Canadian Equity Series, Mavrix Multi Series Fund Ltd.- Canadian Growth Series, Mavrix Multi Series Fund Ltd.- Income Series, Mavrix Multi Series Fund Ltd.- North American Growth Series and Mavrix Multi Series Fund Ltd.-Short Term Income Series. The six classes provide investors the opportunity for further investment diversification and switches between classes are tax deferred.

About Mavrix Fund Management Inc.

Mavrix Fund Management Inc. is an asset management company founded and operated by experienced portfolio managers. The company offers a focused lineup of concentrated, actively managed funds that aim to complement mainstream funds. Mavrix supports its products by providing financial advisors with regular and direct access to portfolio managers and unbiased commentary, which has enabled the company to become a trusted advisor to its clients. Mavrix is headquartered in Toronto with offices in Montreal. Mavrix is a subsidiary of Matrix Asset Management Inc. (TSX:MTA). Matrix manages combined assets of approximately $3 billion through three operating divisions – institutional asset management, conventional and specialty mutual funds, and venture capital/private equity.

Additional information about Mavrix can be found at www.mavrixfunds.com.

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