Acuity Funds Ltd. to seek unitholder approval for change to fundamental investment objectives



    TORONTO, June 15 /CNW/ - Acuity Funds Ltd. ("Acuity") announced today
that it will seek the approval of unitholders of:

    
    1.  Acuity Income Trust Fund, in respect of a proposal to change the
        fundamental investment objective for purposes of expanding and
        diversifying its permitted investments to permit the fund to invest
        in other income producing securities such as dividend-paying equity
        securities, and other types of equity and/or debt securities
        including high yield, corporate, convertible and government bonds. In
        connection with this change, the fund's name will be changed to
        Acuity Diversified Income Fund, and

    2.  Acuity Growth & Income Fund, in respect of a proposal to change the
        fundamental investment objective for the purposes of expanding and
        diversifying its permitted investments to permit the fund to invest
        in corporate debt.
    

    Notice of these unitholder meetings and information circular will be
mailed to applicable unitholders for meetings to be held on or about August
12, 2009. If approved, the aforementioned changes are anticipated to become
effective by the end of August 2009.

    Acuity is a Toronto-based mutual fund manager and, together with Acuity
Investment Management Inc., manages approximately $6.6 billion in assets on
behalf of mutual funds, pooled funds, closed-end (TSX-listed) funds, pension
funds, foundations, and private clients.




For further information:

For further information: Mr. George Henry, Acuity Funds Ltd., 40 King
Street West, Scotia Plaza, 56th Floor, Toronto, Ontario, M5H 3Y2, Telephone:
(416) 366-9933, Facsimile: (416) 366-2568, Toll Free: 1-800-461-4570

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ACUITY FUNDS LTD.

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