CGF Group of Funds announces change in portfolio advisor

TORONTO, Oct. 16 /CNW/ - The CGF Group of Funds announced today that, further to the earlier resignation of Shaunessy Investment Counsel Inc. that was effective November 18, 2009, Shaunessy Investment Counsel Inc. has now agreed to continue to act as portfolio advisor in respect of CGF Income & Equity Class, CGF Canadian Heavyweight Equity Class, CGF US Heavyweight Equity Class, CGF International Heavyweight Equity Class and CGF Global Heavyweight Equity Class, each a class of CGF Mutual Funds Corporation, until December 18, 2009. Effective December 18, 2009, the portfolio advisor for these funds will be Crown Hill Asset Management Inc.

For further information: contact Citadel Group of Funds at [phone] or at 1-877-261-9674 or visit our website at www.citadelfunds.com