CIBC Mellon appointed asset servicing provider by Morguard Financial Corporation

    TORONTO, Dec. 10 /CNW/ - Today, CIBC Mellon Global Securities Services
Company announced its appointment by Morguard Financial Corporation to provide
fund administration, unitholder recordkeeping, global custody and foreign
exchange services for the company's new pooled funds.
    "We are pleased to offer clients access to our real estate investment
expertise in a pooled fund structure. In CIBC Mellon, we found a provider that
could facilitate an efficient fund launch with minimum risk," said Charles
Dillingham, vice president and portfolio manager, Morguard Financial. "CIBC
Mellon's commitment to supporting our business with proactive service,
superior technology and industry expertise gives us great peace of mind."
    "We are pleased to be Morguard's service provider of choice as they
diversify their product range," said Thomas C. MacMillan, president and chief
executive officer, CIBC Mellon. "We seek to provide our clients the best
possible solution by leveraging our broad product capability, strength in
technology and industry expertise."
    Since the company was established in 1975, Morguard has grown into one of
Canada's leading real estate investment and management companies. With more
than $7.9 billion in assets under management, Morguard provides a full range
of real estate portfolio, asset, and property management services. Visit
Morguard Financial Corporation's website at

    CIBC Mellon is 50-50 jointly owned by Canadian Imperial Bank of Commerce
and The Bank of New York Mellon Corporation. CIBC Mellon Global Securities
Services Company is a leading provider of financial services for institutions
and corporations, providing superior asset servicing, multicurrency
accounting, information delivery, securities lending and foreign exchange
services in Canada. CIBC Mellon is part of BNY Mellon Asset Servicing, which
has more than US$ 20 trillion in assets under custody and administration. CIBC
Mellon Global Securities Services Company is a sister company to CIBC Mellon
Trust Company. Visit our CIBC Mellon's website at

    CIBC Mellon Global Securities Services Company is a licensed user of the
    CIBC and Mellon trademarks.

For further information:

For further information: Cheryl Ficker, director, corporate affairs,
CIBC Mellon, (416) 643-6368

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