BluMont Man Alternative Yield Fund
TSX : BMY.UN

BluMont Man Alternative Yield Fund

May 31, 2006 16:48 ET

BluMont Man Alternative Yield Fund Announces Distribution

TORONTO, ONTARIO--(CCNMatthews - May 31, 2006) - BluMont Man Alternative Yield Fund (TSX:BMY.UN) (the "Fund"), an investment trust trading on the Toronto Stock Exchange, announced that it will make a monthly cash distribution of $0.05 per unit, payable on July 17, 2006, to all unitholders on record as of May 31, 2006 (ex-dividend date May 31, 2006).

About the Fund

The Alternative Yield Fund has been formed to provide unitholders with distributions derived from exposure to a leveraged portfolio of alternative investments that has the potential to deliver positive returns in both rising and falling markets, to provide benefits of diversification as well as low correlation to stock and bond portfolios. The portfolio of alternative investments will consist of allocations to two investment programmes managed by Man Investments, the asset management division of Man Group plc: the Glenwood Portfolio and the AHL Diversified Programme.

About the Manager

BluMont is a leading provider of alternative investment products to Canadian investors. Specializing in hedge funds, the firm offers investors innovative investment solutions that provide enhanced diversification and robust return potential. BluMont employs over 35 people nationwide and has approximately C$870 million in assets under management and administration. BluMont is 46.1% directly owned by Toronto-based Integrated Asset Management Corp. (TSXV:IAM), a leading alternative asset investment management company with approximately C$3 billion in assets and committed capital under management. Further information on BluMont can be found at www.blumontcapital.com.

About the Investment Advisor

Man Investments, the asset management division of Man Group plc, is a global leader in the alternative investments industry. It provides innovative products and tailor-made solutions to private and institutional investors. In its core hedge fund asset class, Man Investments offers funds of hedge funds, structured and style products. Our experience stretches back more than two decades and defines the standard for excellence in an industry whose central goal is to provide diversification away from traditional equity and bond investments. Man Investments has a powerful global presence with central operations in Pfaffikon (Switzerland), and London and key centers in Chicago, Montevideo, Hong Kong, Sydney, Tokyo and Dubai and has an extensive network of distribution partners.

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