Altruista Fund Inc.

September 07, 2005 10:51 ET

Altruista Files Material Change Report

TORONTO, ONTARIO--(CCNMatthews - Sept. 7, 2005) -

The Ontario Ministry of Finance announced on August 29th that it plans to eliminate its provincial tax credit for investors in Labour Sponsored Investment Funds (LSIFs). This change will take effect no earlier than the end of the 2005 taxation year, and the Ministry will be consulting with the LSIF industry over the coming weeks to develop transition rules.

Altruista Fund Inc. will provide input as requested on transitional rules and will be addressing how best to move forward. The best interests of Altruista's shareholders continues to be the Funds' first priority.

About Altruista Fund Inc.

Altruista Fund Inc. is a labour sponsored venture capital investment fund which has been available for public offering since January 6, 2004. The primary objective of the CMDF Funds is to achiever interest and dividend income, and to a lesser extent capital appreciation, for its shareholders. It's investment focus are businesses who serve the charitable sector.

Contact Information

  • Altruista Fund Inc.
    Ray Pennings
    Chief Executive Officer
    (905) 947-8246