Matrix Asset Management Inc.

Matrix Asset Management Inc.

May 16, 2012 19:56 ET

Matrix Asset Management Inc. Reports Voting Results of Its Annual Meeting of Shareholders and Announces New Appointment to Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 16, 2012) - Matrix Asset Management Inc. (the "Company" or "Matrix") (TSX:MTA) is pleased to announce that its shareholders have approved the resolutions presented at its annual meeting of shareholders (the "Meeting") held on May 15, 2012, including the election of the proposed nominees to the Board of Directors of Matrix.

Matrix is pleased to announce the appointment of Mr. David Balsdon to its Board of Directors. Mr. Balsdon is the Chief Operating Officer of Matrix and has over twenty years of valuable industry experience.

Mr. Brent Barrie did not stand for re-election at the Meeting. Matrix and the Board of Directors would like to sincerely thank Mr. Barrie for the strong contribution he has made to Matrix.

About Matrix (

Matrix (TSX:MTA) is a diversified asset and wealth management company with approximately $1.6 billion in assets under management and offices across Canada. The Company's mission is to provide a diverse array of investment choices and the best possible investment management service to Canadian investors and institutions. The Company delivers its services through three main operating subsidiaries serving institutional, high net worth, and retail investors.

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