B.E.S.T. Total Return Fund Inc. announces B.E.S.T. Investment Counsel Limited has assumed the duties of the private equity specialist and the appointment of a new director



    TORONTO, Sept. 15 /CNW/ - B.E.S.T. Total Return Fund Inc. (the "Fund")
announces that B.E.S.T. Investment Counsel Limited (the "Investment Advisor")
is assuming the investment sourcing and monitoring duties previously provided
by Roynat Management Inc., the private equity specialist of the Fund. These
duties were previously provided by both the Investment Advisor and Roynat
Management Inc, and the Fund's agreement with the private equity specialist
has been terminated as of today's date. The Investment Advisor will continue
to rely on its own networks in the investment community to assist it in
identifying appropriate investment opportunities for the Fund.
    The Fund also wishes to announce that Jonathan Van Huizen has replaced
Edward Bosveld as a director of the Fund. Mr. Van Huizen is the Ontario
Representative for the Christian Labour Association of Canada and a director
of CLAC B.E.S.T. Sponsor Inc., a promoter of the Fund.

    B.E.S.T. Total Return Fund Inc. is managed by B.E.S.T. Investment Counsel
Limited, a manager of venture capital funds with over $85 million under
administration. The primary objective of the Fund is to generate interest and
dividend income as well as long-term capital appreciation through investments
in a diversified portfolio of small and medium-sized private and public
companies.





For further information:

For further information: John Richardson, President, B.E.S.T. Investment
Counsel Limited, (416) 203-7331

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B.E.S.T. TOTAL RETURN FUND INC.

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