TORONTO, ONTARIO--(Marketwire - Sept. 4, 2007) - Montrusco Bolton Income & Growth Fund (the "Fund") (TSX:MBL.UN) announces that effective September 1, 2007, investment advisory responsibilities for the Fund have been assumed by First Asset Investment Management Inc. ("First Asset"). First Asset is an affiliate of the Fund's current administrator, First Asset Funds Inc., which concurrently acquired all of the issued and outstanding shares of the Manager and Trustee of the Fund, Montrusco Capital Management Inc. (the "Manager"). First Asset will continue to manage the Fund in accordance with its existing investment guidelines and strategy.
In order to reflect the new ownership, and subject to receipt of all regulatory approvals, the name of the Fund will change to "First Asset Income & Growth Fund", and the name of the Manager and Trustee will change to "FA Capital Management Inc." A press release will be issued when the Fund's name change takes effect, including any changes to the ticker symbol that may be required.
The directors and officers of the Manager have also changed as a result of this transaction. Messrs. Barry H. Gordon, Paul V. Dinelle and Z. Edward Akkawi are the new directors of the Manager. The new officers are:
Name Office Held ---- ----------- Barry H. Gordon President & Chief Executive Officer Paul V. Dinelle Executive Vice-President Z. Edward Akkawi Chief Operating Officer & Corporate Secretary Karen Wagman Chief Financial Officer Charlene A. Schikowsky Senior Vice-President, Administration and Operations
The current Independent Review Committee for the Fund has been replaced by the Independent Review Committee for the First Asset Family of Funds, consisting of Messrs: Douglas A.S. Mills, Carl M. Solomon and Henry Knowles.
About First Asset
First Asset is a Canadian investment management company that manages approximately $1.3 billion in assets. First Asset offers a unique variety of innovative, tax-effective investment vehicles including TSX-listed investment funds, mutual funds, principal-protected notes and flow-through limited partnerships. In addition to its family of internally managed investment funds, First Asset provides Canadian investors with access to some of the world's most recognized and respected investment managers.
For more information, please call Rob MacNiven (Investor Relations) at (416) 642-1289 or (877) 642-1289, or visit www.firstasset.com.