Acuity Corporate Class Ltd. Announces Intention to Terminate Operations of Two Corporate Classes of Acuity Corporate Class Ltd.

    TORONTO, Jan. 9 /CNW/ - Acuity Corporate Class Ltd. ("Acuity") announced
today plans to terminate the operations of two mutual funds managed by Acuity
Funds Ltd.:

    Acuity Canadian Small Cap Class
    Acuity Canadian Equity Class
    (the "Funds")

    Effective January 12, 2009, Acuity will cease offering for sale series A
and series F shares of the Funds. Thereafter, Acuity will cancel the
outstanding shares of the Funds and the Funds will be terminated on or about
March 12, 2009. Affected shareholders will receive 60 days' prior written
notice of these terminations.
    Acuity believes that it is in the best interest of affected shareholders
to terminate the operations of these Funds at this time as a result of the
small number of shareholders, relatively low assets and the associated costs
of maintaining smaller funds.
    Prior to the cancellation of the Funds' series A and series F shares,
affected shareholders have the option to switch their investments to other
funds managed by Acuity or to redeem their shares. Shareholders are encouraged
to speak with their financial advisor to discuss their investment options.
    Following the terminations, Acuity will sell all non-cash assets of the
Funds and discharge each Fund's outstanding liabilities. The remaining assets
of each Fund will then be distributed by Acuity to shareholders of record as
of the date the series A and series F shares are cancelled.
    Shareholders will not be required to pay any redemption fees, sales
charges or other fees associated with the termination of the Funds. All costs
associated with the termination of the Funds will be borne by Acuity Funds

    About Acuity Funds Ltd.

    Acuity Funds Ltd. and its affiliates currently have assets under
management of approximately $6 billion on behalf of mutual funds, pooled
funds, closed-end funds and private and institutional clients.

    %SEDAR: 00004073E

For further information:

For further information: George Henry, Chief Financial Officer, Acuity
Funds Ltd., Phone: (416) 366-9933,

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