Integra Capital Limited announces changes for the Integra Equity Fund, Integra Balanced Fund, Integra Short Term Investment Fund and the launch of a new Global Equity Fund


    TORONTO, Aug. 29 /CNW/ - Integra Capital Limited announces that effective
immediately units of the Integra Equity Fund are not available for purchase
pursuant to the prospectus of the Integra Mutual Funds. However, the units may
be purchased pursuant to prospectus exemptions by eligible investors such as
accredited investors and members of a capital accumulation plan.
    In the 4th quarter of 2007, Gryphon Investment Counsel Inc. will become
the sole portfolio manager of the Integra Short Term Investment Fund.
    Commencing in January, 2008, the Integra Balanced Fund will invest in the
securities of the Analytic Core U.S. Equity Fund, the Acadian Core
International Equity Fund, the Integra Bond Fund and the Integra PanAgora
Dynamic Global Equity Fund. The target weighting of the Fund's investment in
the Analytic Core U.S. Equity Fund will be 5.5%, in the Acadian Core
International Equity Fund will be 3.5%, in the Integra Bond Fund will be 39.0%
and in the Integra PanAgora Dynamic Global Equity Fund will be 18.0% of net
assets (exclusive of cash and cash equivalents), subject to a permitted
deviation of 2.5% above or below the target weighting to account for market
fluctuations. Other than the allocations to the above noted underlying funds,
the assets of the Integra Balanced Fund will be managed as to 8% by J.Zechner
Associates Inc., as to 14.5% by Gryphon Investment Counsel Inc. and 11.5% as
to Lincluden Management Limited.
    PanAgora Asset Management Inc. has been appointed as portfolio manager of
the Integra PanAgora Dynamic Global Equity Fund. This Fund's objective is to
achieve long-term investment returns through a portfolio of global equities,
which are sufficiently diversified to minimize investment risk. To achieve its
objective, the Integra PanAgora Dynamic Global Equity Fund invests in equities
issued by companies in North America, Europe, Australia and the Far East. The
Fund may hold an aggregate of up to 15% in emerging market stocks and up to
7.5% in cash or cash equivalents.

    Integra Capital
    ---------------

    Integra Capital, with offices in Oakville, Toronto, Calgary and Montreal,
manages assets on behalf of institutional and private clients.



For further information: Brian A. Rennie, Compliance Director, Integra
Capital, 1-800-363-2480