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Global 45 Split Corp. Announces Distributions

July 21, 2004 - Global 45 Split Corp. announces the following distribution in respect of the Class A shares (TSX: GFV), a distribution for the month ending July 31, 2004, of $0.10 per share. The distribution will be paid on August 13, 2004 to shareholders of record on July 30, 2004.

For further information, please call Tanya Carey at First Asset Funds Inc. at (416) 642-1289 or 1-877-642-1289.