Acuity Funds Ltd. Announces Intention to Terminate Operations of Three Mutual Funds

    TORONTO, Jan. 9 /CNW/ - Acuity Funds Ltd. ("Acuity"), in its capacity as
trustee, announced today plans to terminate the operations of three mutual
funds under management:

    Acuity Global Equity (Currency Neutral) Fund
    Acuity Global High Income (Currency Neutral) Fund
    Acuity Global Dividend (Currency Neutral) Fund
    (the "Funds")

    Effective January 12, 2009, the Funds will cease offering units for
purchase and will be terminated on or about March 12, 2009. Affected
unitholders will receive 60 days' prior written notice of these terminations.
    Acuity believes that it is in the best interest of affected unitholders
to terminate the Funds at this time as a result of the small number of
unitholders, relatively low assets and the associated costs of maintaining
smaller funds.
    Prior to the termination of the Funds, affected unitholders have the
option to switch their investments to other funds managed by Acuity or to
redeem their units. Unitholders 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 unitholders of record as of
the termination date.
    Unitholders 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.

    About Acuity Funds Ltd.

    Acuity 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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