GrowthWorks WV Management Ltd.

GrowthWorks WV Management Ltd.

March 27, 2008 17:41 ET

GrowthWorks Managed Funds Pay Dividends on Commercialization Series of Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 27, 2008) - GrowthWorks(i) announced today that its managed funds will pay, or have paid, dividends on eligible Commercialization Series of Shares.

GrowthWorks Commercialization Fund will pay dividends on its 05, 06 and 07 Series of Shares on March 28, 2008. The dividend payments are outlined below:



05 Series $1.00/share
06 Series $1.00/share
07 Series $0.50/share


GrowthWorks Commercialization Fund expects the 2008 Series of Commercialization Shares will be available in the Fall.

GrowthWorks Atlantic Venture Fund will pay dividends on its 06 and 07 Commercialization Series of Shares on March 28, 2008. The dividend payments are outlined below:



06 Series $1.00/share
07 Series $0.50/share


In January, the Fund paid its third and final dividend of $1.00/share on its 05 Series. The Fund discontinued offering its Commercialization Series of Shares in 2008.

The Working Opportunity Fund 05 and 06 Commercialization Series of Shares paid the following dividends on February 22, 2008:



05 Series $1.25/share
06 Series $1.25/share


The 08 Series of Commercialization Shares for the Working Opportunity Fund is off-sale. Collectively sales of the 05, 06, 07 and 08 Series of Commercialization Shares have reached the $10 million sales cap put in place for this Series of Shares by the BC Government.

About GrowthWorks (www.growthworks.ca)

GrowthWorks™ managed funds provide investment capital for Canadian companies and tax-advantaged investment opportunities for Canadian investors. GrowthWorks manages approximately $900 million in assets through the Working Opportunity Fund (EVCC) Ltd., GrowthWorks Atlantic Venture Fund Ltd., GrowthWorks Commercialization Fund Ltd., GrowthWorks Canadian Fund Ltd. and ENSIS™ Growth Fund Inc. GrowthWorks identifies, analyzes and structures investments in companies with high growth potential. Particular emphasis is placed on IT, Life Sciences and Advanced Manufacturing sectors. Building on over 15 years of investment expertise, GrowthWorks is a leader in Canadian venture capital management.

(i) GrowthWorks refers to affiliates of GrowthWorks Ltd. and includes: GrowthWorks Capital Ltd., manager of the Working Opportunity Fund (EVCC) Ltd.; GrowthWorks WV Management Ltd., manager of GrowthWorks Canadian Fund Ltd. and GrowthWorks Commercialization Fund Ltd.; GrowthWorks Atlantic Ltd., manager of GrowthWorks Atlantic Venture Fund Ltd. and ENSIS Management Inc., manager of ENSIS Growth Fund Inc. GrowthWorks is a registered trademark of GrowthWorks Capital Ltd. ENSIS is a registered trademark of ENSIS Capital Corporation.

Commissions, trailing commissions, management fees and expenses all may be associated with investments in retail venture capital funds (RVCs). RVCs are not guaranteed; their values change frequently and past performance may not be repeated. Please read the prospectus before investing.

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