Front Street Mutual Funds Limited

Front Street Mutual Funds Limited

July 18, 2014 14:49 ET

Front Street Value Class Results of Shareholder Meeting

TORONTO, ONTARIO--(Marketwired - July 18, 2014) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. WIRE SERVICES

Front Street Mutual Funds Limited ("FSMFL") and its manager, Front Street Capital 2004, held the adjourned special meeting of holders (the "Shareholders") of Series A, Series B, Series F and Series X Shares of Front Street Value Class (the "Fund"), on July 16, 2014, to consider and authorize a change to the fundamental investment objectives of the Fund. The Shareholders of the Fund approved the special resolutions to authorize the change to the fundamental investment objectives of the Fund. With this approval, the Fund has been renamed "Front Street U.S. Equity Class", and the risk rating of the Fund has changed from "low-to-medium" to "high".

Complete details regarding the change to the fundamental investment objectives of the Fund were outlined in the amended and restated information circular dated June 23, 2014 (the "Circular") and sent to Shareholders of record. The Circular also contained details with respect to the changes to the Fund's investment strategies and risk rating, and the elimination of the performance fees payable to the Manager with respect to the Fund related to the change of the investment objectives. The Circular is also available at www.sedar.com.

Front Street Capital has been providing Canadians with innovative mutual funds for over 10 years, including growth, income and tax-minded portfolios offered as mutual funds, hedge funds, flow-through limited partnerships and trusts. Front Street Capital is focused on giving Canadian investors and advisors access to a broad range of investments which can fill core and strategic roles in an investor's portfolio.

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