Montrusco Bolton Income & Growth Fund

Montrusco Bolton Income & Growth Fund

January 07, 2005 08:43 ET

Montrusco Bolton Income & Growth Fund Announces Exercise Of Over-Allotment Option


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MONTRUSCO BOLTON INCOME & GROWTH FUND

TSX SYMBOL: MBL.UN

JANUARY 7, 2005 - 08:43 ET

Montrusco Bolton Income & Growth Fund Announces
Exercise Of Over-Allotment Option

TORONTO, ONTARIO--(CCNMatthews - Jan. 7, 2005) - Montrusco Bolton Income
& Growth Fund (TSX:MBL.UN) is pleased to announce that the Fund's
syndicate of agents for its initial public offering, led by National
Bank Financial Inc., CIBC World Markets Inc. and RBC Capital Markets,
has exercised its over-allotment option and acquired an additional
450,000 units of the Fund. In total, the Fund issued 4.7 million units
pursuant to its initial public offering. The units of the Fund are
listed on the Toronto Stock Exchange ("TSX") under the symbol MBL.UN.
The Fund is designed to provide unitholders with high monthly cash
distributions by investing in an actively managed diversified portfolio
of securities consisting primarily of securities of income trusts and
common shares listed on a North American stock exchange or traded on a
North American stock market. Montrusco Bolton Investments Inc. ("MBI")
is the Fund's portfolio manager. MBI is based in Montreal and has
professionals in five offices across Canada. MBI provides investment
management services to pension and mutual funds, endowments and
foundations, and high net worth individuals.


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    First Asset Funds Inc.
    Tanya Carey
    Fund's Administrator
    (416) 642-1289 or 1-877-642-1289