Toronto, November 30, 2004 - Montrusco Capital Management Inc. is pleased to announce that Montrusco Bolton Income & Growth Fund (the "Fund") has filed and has received a receipt dated November 30, 2004 from the securities regulators of all the Canadian provinces for the final prospectus for its offering of up to 11 million units. The offering is scheduled to close on or about December 15, 2004. The subscription price per unit is $10, with a minimum initial investment of $1,000. The Toronto Stock Exchange ("TSX") has conditionally approved the listing of the units (MBL.UN), subject to fulfillment by the Fund of the customary requirements of the TSX.
The Fund is designed to provide unitholders with high monthly cash distributions by investing in an actively managed diversified portfolio of securities consisting primarily of securities of income trusts and common shares listed on a North American stock exchange or traded on a North American stock market.
Montrusco Bolton Investments Inc. ("MBI") is the Fund's portfolio manager. MBI is based in Montreal and has professionals in five offices across Canada. MBI provides investment management services to pension and mutual funds, endowments and foundations, and high net worth individuals. MBI is a wholly-owned subsidiary of Montrusco Bolton Inc. As at October 31, 2004, MBI managed total assets of approximately $4.6 billion.
The syndicate of agents for this offering is being led by National Bank Financial Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., and includes BMO Nesbitt Burns Inc., Desjardins Securities Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Dundee Securities Corporation and First Associates Investments Inc.
For further information, please contact the Fund's Administrator, First Asset Funds Inc. (Attention: Tanya Carey) at (416) 642-1289 or 1-877-642-1289.