Toronto, January 7, 2008 – Criterion Investments Limited (“Criterion”) announced today that unitholders of the Criterion Diversified Commodities Currency Hedged Fund (the “Trust”) have voted to accept an enhancement to the investment strategy of the Trust. The meeting of unitholders was held in Toronto on January 7, 2008.
The matters approved by unitholders are:
Enhancement to the Index: The Fund will replace its investment in notes linked to the Dow Jones-AIG Commodity Index Total ReturnSM with notes linked to the AIG Basis Select Strategy Total ReturnSM. The Basis Select Strategy (“BSS”) has been developed recently by AIG Financial Products and is used by some of its institutional clients. Criterion believes that the BSS is a superior approach for investors seeking broad commodities exposure. Aside from the change in index, the Fund will continue to have the same investment objectives, the same investment structure and the same fee load.
Enhancement to Future Investment Strategy: The Fund’s Declaration of Trust will be amended to provide the Manager with greater flexibility to make changes to the investment strategy of the Fund. Most mutual fund managers have the ability to make changes to investment strategy without unitholder approval as long as they do not change the Fund’s fundamental investment objectives.
The changes approved at today’s meeting are expected to be implemented over the coming days.
Criterion is committed to creating insightful solutions for everyday Canadian investors, leveraging value-added investment features that are typically only available to large institutions and high-net worth individuals. Criterion combines unique investment structures with best-in-class asset managers or strategies to offer investors opportunities for access to exclusive asset classes, enhanced yield, tax efficiency and risk reduction. Criterion is an affiliate of VenGrowth Asset Management Inc., one of Canada's premier managers of private equity and alternative investments with a proven track record of success since 1982.