Press Releases

Criterion Global Dividend Currency Hedged Fund raises distribution

TORONTO, June 27, 2007 – Criterion Investments Limited (“Criterion”) today announces that it is raising the annual distribution of Criterion Global Dividend Currency Hedged Fund from $0.50 to $0.55 per share. The increase will be reflected as of the upcoming quarterly distribution to shareholders on June 30, 2007.

“We have seen an increase in distribution from the Fund’s underlying portfolio companies and we’re delighted to be able to pass this on to shareholders,” explained Ian McPherson, President of Criterion Investments.

A currency-hedged global equity fund focused on high dividend-paying multinationals in the FTSETM Global 100 Index, the Fund’s portfolio is selected by Merrill Lynch International. It is the only fund in Canada leveraging a simple and proven “Dogs of the Dow”-type strategy on a global scale.

The Fund is one of the family of Criterion Currency Hedged Funds focused on providing Canadians with a simple way to invest in certain international assets, such as equities and commodities, while substantially mitigating the risk associated with volatile currency exchange rates. Launched in mid-2006, the Fund recorded a one-year total return of 19.5% (Class C) as at May 31, 2007.

About Criterion

Criterion is committed to creating insightful solutions for everyday Canadian investors. Criterion combines unique investment structures with best-in-class asset managers or strategies typically only available to large institutions and high-net worth individuals. By doing so, it offers retail 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.

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