BC Advantage Funds (VCC) Ltd.

June 12, 2009 14:18 ET

BC Advantage Funds Announces Change to its Annual Tax Credit Allocation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 12, 2009) - BC Advantage Funds (VCC) Ltd. announced today that it has been advised by the Investment Capital Branch (ICB) of the Province of British Columbia that its tax credit allocation for 2009 and future years has been changed. Previously, Advantage had a multi-year equity authorization of $20 million annually. ICB has advised Advantage that it will now have a multi-year allocation of $10 million annually and will also have the opportunity, along with other retail VCC funds, to access an additional $16 million pool on a "first come, first served" basis after it has sold out its $10 million allocation.

About Advantage

Advantage offers everyone in BC the opportunity to invest in some of the Province's most promising life science, technology and clean technology companies. Advantage investors receive a 30% refundable tax credit from the BC government on investments of up to $200,000 per year.

For more information about Advantage, please review our prospectus, or visit our website at www.bcadvantagefunds.com.