Mavrix Fund Management Inc. announces change of fundamental investment objective of Mavrix Multi Series Fund Ltd. - Canadian Equity Series



    Mavrix Fund Management Inc. (TSX: MVX)

    TORONTO, July 2 /CNW/ - Mavrix Fund Management Inc., the manager of
Mavrix Multi Series Fund Ltd. - Canadian Equity Series (the "Fund"), announced
that on July 2, 2008, holders of mutual fund shares of the Fund approved the
change of fundamental investment objective of the Fund from the provision of
long-term capital growth (which the Fund sought to achieve by investing solely
in units of Mavrix Canada Fund and Mavrix Sierra Equity Fund), to the
provision of a high return through a combination of long-term capital growth
and income (which the Fund seeks to achieve by investing solely in units of
Mavrix Sierra Equity Fund and Mavrix Balanced Monthly Pay Fund (previously
named Mavrix Income Fund)). The change will be effective immediately after the
date hereof. Each of the underlying funds is also managed by Mavrix Fund
Management Inc.

    Mavrix Fund Management Inc. is a Canadian asset management company with
shares listed on the Toronto Stock Exchange. Its symbol is MVX.

    %SEDAR: 00020385E




For further information:

For further information: Mavrix Fund Management Inc., Toll Free:
1-888-964-3533, Direct (416) 362-3077, or visit our website at
www.mavrixfunds.com

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MAVRIX FUND MANAGEMENT INC.

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