Capital International Asset Management (Canada), Inc.

Capital International Asset Management (Canada), Inc.

December 22, 2006 12:27 ET

Capital International Asset Management 'Canada', Inc. Announces Changes to Capital International Funds

TORONTO, ONTARIO--(CCNMatthews - Dec. 22, 2006) - The Capital International - Global Discovery fund and the Capital International - US Small Cap fund will unwind on or about April 20, 2007. Both funds were created for Scotia Securities Inc. ("SSI") and used almost exclusively as investment options for Scotia mutual funds. Capital International Asset Management made the decision to unwind the funds after SSI announced on December 14 that the Scotia mutual funds would no longer invest in the funds. Effective immediately, these two funds are closed to new investors.

As a result of SSI's decisions regarding the Scotia mutual funds that invest in the Capital International - Global Small Cap fund, the Capital International - International Equity fund and the Capital International - U.S. Equity fund, the Scotia funds will redeem their investments in these three funds on or about April 20, 2007. The redemptions will reduce the size of the three funds but will not impact the investment strategies or investment process followed by the funds. In addition, the redemptions are not expected to impact the funds' management expense ratios, as Capital International Asset Management will absorb certain costs and expenses that would otherwise be payable by the funds.

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