Acuity Small Cap Corporation declares distribution



    /THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES./

    TORONTO, Sept. 7 /CNW/ - (TSX: ASF): Acuity Small Cap Corporation (the
"Corporation") is pleased to announce distributions in the amount of $0.0416
per Class A share per month for record dates September 28, 2007 through to
March 31, 2008.

    
    Month              Record Date          Payment Date          Amount
    -----              -----------          ------------          ------
    September       September 28, 2007     October 11, 2007       $0.0416

    October          October 31, 2007      November 8, 2007       $0.0416

    November        November 30, 2007     December 13, 2007       $0.0416

    December        December 31, 2007      January 10, 2008       $0.0416

    January          January 31, 2008     February 14, 2008       $0.0416

    February        February 29, 2008       March 13, 2008        $0.0416

    March             March 31, 2008        April 10, 2008        $0.0416
    

    The Class A Shares and the Warrants trade on the Toronto Stock Exchange
under the symbols "ASF" and "ASF.WT", respectively.
    The Corporation's investment objectives are: (i) to provide the holders
of Class A Shares ("Shareholders") with long-term capital appreciation and
(ii) to provide Shareholders with monthly cash distributions.

    Acuity Investment Management Inc. ("Acuity") will provide investment
advisory and portfolio management services to the Corporation. The Corporation
intends to invest on an opportunistic basis in a broadly diversified group of
issuers including, but not limited to, listed and unlisted issuers that are
engaged in (i) environmental technologies; (ii) the production of and/ or
exploration for basic and precious metals; (iii) energy (in particular,
uranium and oil & gas services); (iv) information technology; and (v) health
care and biotechnology.
    Acuity was formed in 1990 and currently has assets under management of
approximately $8.7 billion on behalf of mutual funds, pooled funds, closed-end
funds and private and institutional clients.

    %SEDAR: 00025423E




For further information:

For further information: Ian O. Ihnatowycz, President, or George Henry,
Chief Financial Officer, at Acuity Funds Ltd. at 1-800-461-4570

Organization Profile

ACUITY FUNDS LTD.

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ACUITY SMALL CAP CORPORATION

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