Acuity Funds Ltd. announces members of IRC and full implementation of National Instrument 81-107 for Acuity Mutual Funds and Acuity Closed End Funds



    TORONTO, Nov. 1 /CNW/ - Acuity Funds Ltd. ("Acuity") is pleased to
announce the members of its Independent Review Committee (the "IRC") and that
it is in full compliance with National Instrument 81-107, Independent Review
Committee for Investment Funds ("NI 81-107").
    "We are pleased to have appointed such an experienced and distinguished
group of experts in the financial services industry to our IRC and look
forward to working with them to ensure that the best interests of the
investors continues to be served," stated Ian Ihnatowycz, President & CEO of
Acuity.
    The IRC is comprised of three members, all of whom are independent of
Acuity and its affiliated companies. The IRC members are:

    
        Andrew Scipio del Campo (Chair) has held a number of senior executive
        positions within the financial services industry and is a past-Chair
        of The Investment Funds Institute of Canada (IFIC).

        Phillip Doherty has held a number of senior executive and partner
        positions within the financial services industry and has served as a
        member of several boards and not-for profit organizations.

        Dick Freeborough is a retired partner from KPMG LLP where he
        specialized in insurance and other financial services and has served
        as a member of several boards and not-for profit organizations.
    

    The IRC has been appointed in respect of the investment funds managed by
Acuity Funds Ltd. to which NI 81-107 applies, including Acuity Mutual Funds
and Acuity Closed End Funds.

    About Acuity:

    Acuity and its affiliates currently have assets under management of
approximately $9.5 billion on behalf of mutual funds, pooled funds, closed-end
funds and private and institutional clients.




For further information:

For further information: George Henry, Chief Financial Officer, Acuity
Funds Ltd., Phone: (416) 366-9933, george_henry@acuityfunds.com

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ACUITY FUNDS LTD.

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