Lakeview Asset Management announces new fund names



    TORONTO, June 12 /CNW/ - Lakeview Asset Management Inc. ("Lakeview")
today announced that it will be renaming four funds in conjunction with other
changes planned for its lineup.
    The name changes affect the four funds for which KBSH Capital Management
Inc. is the portfolio advisor and are designed to strengthen the distinct
identity of the group and, in certain cases, to better reflect the mandates of
the funds. The following changes will be effective on or about August 1, 2007:

    
    -   Lakeview KBSH Small Cap Explorer Fund will be renamed Knight Bain
        Small Cap Fund;

    -   Lakeview KBSH Large Cap Explorer Fund will be renamed Knight Bain
        Pure Canadian Equity Fund;

    -   Lakeview KBSH Equity Income Explorer Fund will be renamed Knight Bain
        Diversified Monthly Income Fund;

    -   Lakeview KBSH Premium Bond Explorer Fund will be renamed Knight Bain
        Corporate Bond Fund.
    

    The other three Lakeview funds will continue under the Lakeview
Disciplined Leadership banner. The portfolio advisor for Lakeview Disciplined
Leadership Canadian Equity Fund, Lakeview Disciplined Leadership U.S. Equity
Fund and Lakeview Disciplined Leadership High Income Fund is Barometer Capital
Inc.
    Lakeview has also proposed a series of other changes that are subject to
the approval of unitholders in the affected Lakeview mutual funds at meetings
scheduled for Toronto on or about July 13, 2007. Some of the details of these
changes were previously announced, on May 29, 2007. Lakeview is proposing to:

    
    -   Implement fixed administration fees, which will result in more
        transparent and predictable costs for investors in the funds. Under
        this plan, Lakeview will bear all of the future operating expenses of
        the funds (other than certain taxes, brokerage and borrowing costs
        and certain new governmental fees) in return for the fixed annual
        administration fees of 0.20% to 0.22%. These levels generally are
        lower than the funds' comparable expense ratios in 2006.

    -   Discontinue charging performance fees on Lakeview KBSH Large Cap
        Explorer Fund and Lakeview KBSH Small Cap Explorer Fund.

    -   Change the investment objectives of Lakeview KBSH Large Cap Explorer
        Fund (to invest primarily in equity and equity-related securities of
        Canadian companies instead of North American companies) and Lakeview
        KBSH Equity Income Explorer Fund (to invest in a combination of
        equity and fixed-income securities of companies located anywhere in
        the world instead of North American equities).

    -   Change the management fee of KBSH Equity Income Explorer Fund to
        reflect the increased costs of operating the fund as its mandate
        changes from a North American equity fund to a diversified global
        fund investing in equity and fixed-income securities worldwide. Under
        the proposal, the management fee will rise to 2.00% from 1.75% for
        Series A units and to 1.0% from 0.75% for Series F units.
    

    Lakeview expects to mail the information circular to unitholders by
June 22, 2007. If approved, all changes also will take effect on or about
August 1, 2007.

    Lakeview Asset Management Inc. is an investment management company
offering seven mutual funds under the Lakeview KBSH and Lakeview Disciplined
Leadership banners. Lakeview is controlled by CI Financial Income Fund (TSX:
CIX.UN), an independent, Canadian-owned wealth management firm with
approximately $99.5 billion in fee-earning assets as of May 31, 2007. CI
Financial offers a broad range of investment products and services, including
an industry-leading selection of investment funds, and is on the Web at
www.ci.com/cix. More information about the Lakeview funds is available at
www.lakeviewfunds.com.





For further information:

For further information: Murray Oxby, Director, Communications, (416)
681-3254

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LAKEVIEW ASSET MANAGEMENT INC.

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