ACM Commercial Mortgage Fund Reports 47% Fund Growth

    VANCOUVER, Oct. 15 /CNW/ - The ACM Commercial Mortgage Fund grew 47% in
assets under management for the 9 months ending September 30, 2008 (FundSERV:
"MOR120", "MOR130", "MOR140", "MOR150", and "MOR160").


    -   Yield Premium: Monthly Net Distributions of 6.00% p.a.
        (Class F units) and 5.55% p.a. (Class B/C/D/E units)

    -   Capital Protection: Stable Net Asset Value closing the quarter at

    -   Over 13% Growth of the Fund in Q3-2008

    The Quarterly Report for the period ended September 30, 2008 is available

    The ACM Commercial Mortgage Fund provides superior returns to its
investors from stable, cash flowing investments, secured by a pool of Canadian
commercial mortgages prudently underwritten by ACM Advisors Ltd. As an
open-ended private mutual fund trust, this fund is available to institutional
and private investors with both registered and non-registered accounts.

    ACM Advisors Ltd., the fund's manager, is a privately owned portfolio
management company based in Vancouver. Presently, ACM Advisors Ltd. has assets
under management of approximately $900 million in various fixed-income funds.
Since inception in 1992, funds managed by ACM Advisors Ltd. have never
experienced a loan loss.

    This news release has been prepared for information purposes only and
should not be construed as a solicitation for, or offering of, an investment
in securities. These securities can only be purchased by way of Offering

For further information:

For further information: Graham Collings, Director - Investor Relations,
ACM Advisors Ltd., Tel: (604) 661-0669, Fax: (604) 682-3265, E-mail:, Website:

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