Altamira Investment Services Inc. Receives Unitholder Approval of Six Proposed Fund Mergers

    TORONTO, Sept. 4 /CNW/ - Following special meetings of unitholders,
Altamira Investment Services Inc. (Altamira) today announced approval of six
proposed fund mergers, which will take effect after the close of business on
September 7, 2007.
    "The mergers will provide greater transparency among Altamira's fund
mandates while continuing to offer investors a broad range of investment
choice. The streamlined family of funds makes it easier for investors to work
with Altamira advisors to build and manage portfolios tailored to their
personal investment goals," says Altamira's Chief Operating Officer, James

                       Completed Altamira Fund Mergers

    Terminating Funds will merge with and adopt the investment objectives
                    of the corresponding Continuing Fund.
       (Additional details on the fund mergers are at
       Terminating Funds                         Continuing Funds
    Altamira Global 20 Fund                  Altamira Global Value Fund
    Altamira Global Financial                Altamira Global Value Fund
    Services Fund
    Altamira e-business Fund                 Altamira Science and Technology
    Altamira Biotechnology Fund              Altamira Health Sciences Fund
    Altamira Precision Dow 30                Altamira Precision U.S. RSP
    Index Fund                               Index Fund (to be renamed
                                             "Altamira Precision U.S.
                                             Currency Neutral Index Fund")
    Altamira Precision European RSP          Altamira Precision European
    Index Fund                               Index Fund

    The Altamira Precision European Index Fund will decrease its management
fee. Previous to the merger, the Altamira Precision European Index Fund paid a
maximum management fee of 0.50% plus operating expenses of up to 0.70% (plus 
taxes). In order to accommodate the merger of Altamira Precision European RSP
Index Fund into Altamira Precision European Index Fund, Altamira Investment
Services will reduce the management fee for Altamira Precision European Index
Fund to 0.45% and cap its operating expenses at 0.50% (excluding taxes).
    In addition, the Altamira Precision International RSP Index Fund will be
renamed the Altamira Precision International Currency Neutral Index Fund. The
Altamira Precision U.S. RSP Index Fund will be renamed the Altamira Precision
U.S. Currency Neutral Index Fund. Both name changes are effective
September 10, 2007.

    Commissions, trailing commissions, management fees and expenses all may
    be associated with mutual fund investments. Please read the prospectus
    before investing. Mutual funds are not guaranteed, their values change
    frequently and past performance may not be repeated.

    About Altamira

    Altamira Investment Services is a leading provider of financial and
retirement planning services offering a wide range of investment solutions
including mutual funds, savings accounts, principal-protected notes and
managed portfolio services. Award-winning client service, product innovation
and expert advice define Altamira's distinctive approach to investment
management. The company is headquartered in Toronto with offices across the
country, and is a subsidiary of the National Bank of Canada.

For further information:

For further information: Media contact: Crystal Jongeward, Public
Relations Specialist, (416) 507-7252,

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