Mavrix Fund Management Inc. announces Fund Mergers and Fund Name Change

    TSX: MVX

    TORONTO, June 27 /CNW/ - Mavrix Fund Management Inc. ("Mavrix") (MVX:TSX)
announced the following fund mergers and fund name change.
    As at the close of business on June 26, 2008, the Mavrix Canada Fund and
the Mavrix Diversified Fund merged into the Mavrix Income Fund. The merger was
approved by unit-holders of the Mavrix Canada Fund and the Mavrix Diversified
Fund at the Special Meeting of Unit-holders for both funds held on June 25,
    On June 27, 2008, the Mavrix Income Fund will change its name to the
Mavrix Balanced Monthly Pay Fund.
    Ms. Jackee Pratt, Vice President & Portfolio Manager, has the lead
management role for the Mavrix Balanced Monthly Pay Fund. Ms. Pratt joined the
Mavrix team in February 2004 and has nearly 30 years of portfolio management
experience in the investment industry. Over that time, she has successfully
demonstrated a strong record of managing large capitalization funds.
    The Mavrix Balanced Monthly Pay Fund pays a fixed monthly distribution of
$0.075 per unit and seeks to provide high investment returns by investing
primarily in common and preferred shares which may pay dividends, bonds and
other fixed income securities plus other income producing securities such as
selected income and royalty trusts.

    About Mavrix Fund Management Inc.

    Mavrix is a publicly listed company trading on the TSX under the symbol
MVX. Mavrix is headquartered in Toronto with offices in Halifax, Montreal,
Winnipeg, Calgary, and Vancouver. Mavrix Mutual Funds are distributed solely
through licensed financial advisors and stockbrokers.

    %SEDAR: 00020385E

For further information:

For further information: contact Mavrix Fund Management Inc., Toll Free:
1-888-964-3533, Direct: (416) 362-3077 Or visit our website at

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