ATB Financial to Acquire All Asset-Backed Commercial Paper of ATB Money Market Fund

    EDMONTON, Aug. 24 /CNW/ - ATB Investment Management Inc. (ATBIM), the
trustee, manager and portfolio adviser of the ATB Money Market Fund, announced
today that it has received regulatory approval for its parent company, ATB
Financial (the business name of Alberta Treasury Branches), to purchase all of
the non-bank asset-backed commercial paper (ABCP) held by the ATB Money Market
Fund in exchange for cash, guaranteed deposit certificates issued by ATB
Financial or other short term government securities. Although neither ATBIM
nor ATB Financial has any obligation to take these measures, they are being
taken in an effort to insulate investors in the ATB Money Market Fund from the
effects of the current liquidity problems in the ABCP market.
    The ATB Money Market Fund's Independent Review Committee has reviewed and
approved this transaction.
    The deposit certificates of ATB Financial issued to the Fund in exchange
for ABCP will have the same value and terms of the ABCP purchased by ATB
Financial. ATBIM and ATB Financial will complete the transaction as soon as is

    About ATB Investor Services

    ATB Investor Services is the trade name for the wealth management
business of ATB Financial. The four licensed users of the trade name are ATB
Investment Services Inc. (ATBIS), ATB Investment Management Inc. (ATBIM), ATB
Insurance Advisors Inc. (ATBIA), and ATB Securities Inc. (ATBS), which are
wholly owned subsidiaries of ATB Financial. ATBIS is a member of the Mutual
Fund Dealers Association and, as the mutual fund dealer, provides access to a
full range of mutual fund products (including the Compass Portfolio Series) to
Albertans. ATBS, as a member of the Investment Dealers Association, is a full
service investment dealer, providing access to a full range of fixed income,
equities and mutual fund products. ATBIM is the investment management firm and
is the manager, portfolio advisor and trustee of the Compass Portfolio Series.
ATBIM also provides managed discretionary investment services for high net
worth private and institutional clients. ATBIA provides insurance solutions to
clients. The ATB Investor Services team of professionals is committed to
objectivity, and integrity in the delivery of sound solutions to meet each
client's investment objectives.

For further information:

For further information: Mr. Sheldon Dyck, Senior Vice President, ATB
Investor Services, (403) 974-5620

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