stock exchange sector fund
TSX : PDV
TSX : LFE.PR.A
TSX : PPL
TSX : PPL.PR.A
TSX : FTU
TSX : FTU.PR.A
TSX : LFE
TSX : DFN.PR.A
TSX : FFN
TSX : FFN.PR.A
TSX : FTN
TSX : FTN.PR.A
TSX : DFN

stock exchange sector fund

April 07, 2006 14:43 ET

Initial Public Offering-Stock Exchange Sector Fund

TORONTO, ONTARIO--(CCNMatthews - April 7, 2006) -

Attention: Business Editors

Stock Exchange Sector Fund (the "Trust") (TSX:FTN)(TSX:FTN.PR.A)(TSX:DFN)(TSX:DFN.PR.A)(TSX:FFN)(TSX:FFN.PR.A)(TSX:FTU)(TSX:FTU.PR.A)(TSX:LFE)(TSX:LFE.PR.A)(TSX:PPL)(TSX:PPL.PR.A)(TSX:PDV)(TSX:PDV.PR.A) is pleased to announce the filing of a preliminary prospectus for a proposed Trust offering.

The Trust's investment objectives are to: (i) provide Unitholders with long-term capital appreciation; and (ii) provide Unitholders with monthly cash distributions. Initially the amount of such distributions is targeted to be $0.04167 per month ($0.50 per Unit annually), representing a yield of 5.0% per annum based on the $10.00 per Unit issue price.

The net proceeds from the proposed offering will be used by the Trust to invest in a portfolio of publicly traded shares of the world's stock, commodities and derivatives exchanges. The exchange sector has been one of the most dynamic sectors on world markets.



Chicago
International Mercantile London
CBOT Securities Exchange Stock Deutsche
Holdings, Inc. Exchange, Inc. Holdings Inc. Exchange PLC Borse AG

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The Nasdaq
Intercon- Stock
tinental- TSX Market,
Euronext N.V. NYSE Group, Inc. Exchange, Inc. Group Inc. Inc.


To supplement the dividends received on the Portfolio and to reduce risk, the Trust may from time to time write covered call options in respect of some or all of the equity securities in the Portfolio. Quadravest expects that, initially approximately 10% of the Portfolio may be subject to covered call options.

A copy of the preliminary prospectus will be available from CIBC World Markets Inc. or RBC Dominion Securities Inc. or one of the other Agents.

Please visit the Stock Exchange Sector Fund website at: www.exchangesectorfund.com.


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