Desjardins Funds: Proposal to Amend the Investment Objective of Certain Funds



    LEVIS, QC, Sept. 2 /CNW Telbec/ - The Fédération des caisses Desjardins
du Québec announced that it will be seeking the approval of unitholders in
connection with changes to the investment objectives of Desjardins Dividend
Fund, Desjardins CI Value Trust Corporate Class Fund and Desjardins Ethical
Canadian Balanced Fund.
    It is proposed that the investment objective of Desjardins Dividend Fund
be revised to read as follows:

    
    - The objective of this Fund is to provide a high level of income, mostly
      in the form of dividends, and, to a lesser degree, long term capital
      appreciation by investing primarily in Canadian, and to a lesser
      extent, foreign income producing securities.

    It is proposed that the investment objective of Desjardins CI Value Trust
Corporate Class Fund be revised to read as follows:

    - The objective of this Fund is to achieve long-term capital growth. The
      Fund invests primarily in equity and equity-related securities of
      United States companies and / or units of mutual funds which themselves
      invest primarily in equity and equity-related securities of
      United States companies.

    It is proposed that Desjardins Ethical Canadian Balanced Fund will revise
its investment objective to be as follows:

    - The objective of this Fund is to achieve income as well as a certain
      long-term capital appreciation. The Fund invests primarily in Canadian,
      and to a lesser extent, foreign equity and fixed income securities and
      /or in units of mutual funds which themselves invest primarily
      in Canadian, and to a lesser extent, foreign equity and fixed income
      securities. The Fund follows a socially responsible approach to
      investing.
    

    Unitholders will be asked to approve these changes at special meetings to
be scheduled for November, 2008. If the proposals are approved in respect of a
Fund, the Fund will change its name to reflect the new investment objective.
If approved, these changes would be made effective on or about January 15,
2009.

    About Desjardins Funds

    With over $12 billion in assets, Desjardins Funds are among the important
mutual fund families in Canada. Whether bought individually or through
Diapason or Chorus asset allocation portfolio, Desjardins Funds are investment
products that meet the requirements, expectations and needs of Desjardins
members and clients so as to provide safeguard and growth to their assets.

    About Desjardins Group

    Desjardins Group is the largest integrated cooperative financial group in
Canada, with overall assets of nearly $152 billion, as at June 30, 2008. It
comprises a network of caisses, credit unions and business centres in Québec
and Ontario, and some twenty subsidiary companies in life and general
insurance, securities brokerage, venture capital and asset management, many of
which are active across the country. Drawing on the expertise of its 40,000
employees and the commitment of more than 6,500 elected officers, Desjardins
offers its 5.8 million individual and corporate members and clients a full
range of financial products and services. Its physical distribution network is
complemented by leading-edge virtual access methods. To find out more, consult
www.desjardins.com.




For further information:

For further information: (for media only): André Chapleau, Director,
Information and Media Relations, (514) 281-7229, 1-866-866-7000, ext. 7229,
andre.chapleau@desjardins.com


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