Crown Hill Dividend Fund Declares Annual Redemption



    PBK.UN

    TORONTO, June 12 /CNW/ - Crown Hill Dividend Fund (the "Fund") announced
today that it has received requests for redemption in respect of a total of
166,557 units. Unitholders of Crown Hill Dividend Fund redeeming units will be
entitled to receive for each unit redeemed an amount equal to the net asset
value per unit determined as of May 30, 2008, less out-of-pocket expenses , if
any, directly incurred by the Manager to satisfy such redemptions, not to
exceed 1% of the Net Asset Value per unit. The net asset value has been
determined to be $8.86 per unit. Unitholders will receive payment on or before
June 19, 2008.

    Information relating to the Fund, including the investment holdings and
net asset value is available on an ongoing basis at www.crownhill.ca.


    %SEDAR: 00020532E




For further information:

For further information: Crown Hill Capital Corporation, Tel: (416)
361-1212

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CROWN HILL DIVIDEND FUND

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