Newport Investment Counsel Inc.

Newport Investment Counsel Inc.

April 13, 2007 16:25 ET

Newport Investment Counsel Inc. Announces Change to the Sub-Advisors of the Newport Canadian Equity Fund

TORONTO, ONTARIO--(CCNMatthews - April 13, 2007) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Newport Investment Counsel Inc. ("Newport"), manager and trustee of the Newport Funds, announces the termination of Patient Capital Management Inc. as a sub-advisor for the Newport Canadian Equity Fund ("Fund"). Newport has decided to reduce the number of sub-advisors to the Fund. Bluewater Investment Management Inc. and Morrison Williams Investment Management LP will continue as sub-advisors to the Fund.

ABOUT NEWPORT

Newport Investment Counsel Inc. is a Toronto-based firm wholly owned by Newport Partners LP. Newport provides personal and corporate wealth management to individuals and families and currently has $1.2 billion of assets under management.

Contact Information

  • Newport Investment Counsel Inc.
    Kelly Baird
    (416) 867-7555