Creststreet's Top Performing Alternative Energy Fund to be capped at $75 Million, Series B Shares (1% Service Fee) and Series F Shares (No Service Fee) Launched


    TORONTO, Jan. 26 /CNW/ - Creststreet Mutual Funds Limited ("CMFL")
announces its top performing Creststreet Alternative Energy Fund (the "Fund")
will be closed to new subscriptions once it has reached $75 million in net
    The Fund has performed well in the current difficult market conditions.
As of December 31st, 2008 the Creststreet Alternative Energy Fund had achieved
a 1-year return of 142%, a 6-month return of 33.6% and 3-month return of
10.7%. By limiting the Fund size the Manager looks to maintain flexibility in
its investment strategies which are focused on the emerging alternative energy
industry. The Fund presently has approximately $24 million in assets.
    Creststreet is also pleased to announce that its Creststreet Alternative
Energy Fund is now offering series B and series F shares to provide additional
flexibility for advisors and investors.

    -  Series A (CAM400) shares pay a negotiable front load commission of
       0-5% and an annual trailer fee of 0.5%.
    -  Series B (CAM401) shares pay a negotiable front load commission of
       0-5% and an annual trailer fee of 1.0%.
    -  Series F (CAM402) shares pay no commission or trailer fees and are
       only available to investors who have entered into a fee based program
       through their Dealer.

    All classes of Creststreet Mutual Funds are qualified investments for
registered tax plans, such as an RRSP, RRIF, DPSP, RESP, TFSA or RDSP. Please
refer to the Creststreet website, or Sedar,,
to view the simplified prospectus and annual information form.

    Tax Deferred Switching between Fund Classes

    Creststreet Mutual Funds Limited offers two additional fund classes; the
Creststreet Resource Fund (CAM100) and the Creststreet Managed Equity Index
Fund (CAM300). Investors can switch shares from one Fund to another on a
tax-deferred "rollover" basis where the event will not result in a capital
gain or loss and the adjusted cost base of the shares of the new Fund acquired
on the switch will be equal to the adjusted cost base of the shares switched
from the former Fund.

    About Creststreet Alternative Energy Fund

    The Creststreet Alternative Energy Fund's objective is to provide
investors with long-term growth of capital in excess of the total return of
the S&P 500, while offering portfolio diversification in an emerging high
growth asset class. The Creststreet Alternative Energy Fund will invest
primarily in securities of companies whose businesses exploit opportunities to
generate energy beyond North America's traditional dependence on high carbon
emitting sources of supply. The Fund will seek investments that offer value by
way of strong current earnings potential along with above average near term
growth, while conservatively managing value at risk through exposure to large
and established business that fall within the Fund's mandate.

    About Creststreet

    Creststreet is an investment management firm specializing in structuring
and managing high-quality energy focused investment products for Canadian and
international institutional and high-net worth investors. Since inception in
2000, Creststreet has raised over $970 million for investment in resource and
renewable energy companies.

    Commissions, trailing commissions, management fees and expenses all may
be associated with this investment product. Please read the prospectus before
investing. Mutual funds are not guaranteed, their values change frequently and
past performance may not be repeated. The indicated rates of return are the
historical annual compound total returns including changes in share value and
reinvestment of all distributions and does not take into account sales,
redemption, distribution or operational charges or income taxes payable by any
security holder that would have reduced returns. Performance is calculated net
of fees. The rates of return shown are used only to illustrate the effects of
the compound growth rate and is not intended to reflect future values of the
mutual fund or returns on investment in the mutual fund.

For further information:

For further information: Grant Bunker, Vice President, Business
Development, Creststreet Asset Management Limited, (416) 628-2161,

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Creststreet Mutual Funds Limited

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