TORONTO, September 15, 2008 - Criterion Investments Limited ("Criterion") today announced that the Criterion Diversified Commodities Currency Hedged Fund (“the Fund”) has initiated the redemption of its holdings of index-linked notes issued by a subsidiary of American International Group, Inc.
The notes, in which substantially all of the Fund’s assets are invested, provide the Fund with returns linked to the performance of an index of 19 commodity futures. While the manager remains confident in the underlying index, this decision has been taken out of caution to protect capital for unitholders and as a result of uncertainty regarding the note issuer.
Once the redemption is completed the Fund’s assets will temporarily consist of cash and equivalents. Criterion is looking at other ways to expose the Fund to commodity futures using an index or rules-based approach.