Matrix Funds Special Meetings Adjourned to June 29, 2011

TORONTO, ONTARIO--(Marketwire - June 22, 2011) - Matrix Funds Management* announced that the special meetings of unitholders of Matrix Dividend & Income Fund, Matrix Canadian Growth Fund and Matrix International Equity Fund scheduled for today, June 22, 2011, were adjourned due to lack of quorum. The adjourned meetings will be held at 11am (Toronto time) on June 29, 2011 at the Matrix Funds Management offices, 2200 – 130 King Street West, Toronto, ON M5X 1E3. The record date remains the same for the adjourned meetings, as described in the Notice of Special Meetings previously sent to unitholders. At the adjourned meetings, quorum will consist of unitholders of each Fund present in person or by proxy.

Given the situation with Canada Post, Matrix Funds Management reminds unitholders of the Funds that they may lodge votes for the special meetings by fax, by faxing completed proxies to 1-416-365-4080.

Copies of the Fund's Notice of Meeting, Information Circular and Proxy Form are available at www.sedar.com and www.matrixfunds.ca and may be requested by contacting Matrix Funds Management at 1-888-964-3533.

About Matrix Funds Management*

Matrix Funds Management (a division of GrowthWorks Capital Ltd.) is the manager of the Matrix Funds and a subsidiary of Matrix Asset Management Inc. (TSX:MTA). Matrix Asset Management Inc. (the "Company") is a diversified asset and wealth management company with approximately $2.4 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. Please visit www.matrixfunds.ca for more information.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.