Mavrix Fund Management Inc. announces temporary closing of the Mavrix Multi Series Fund Ltd. - Short Term Income Series



    TSX: MVX

    TORONTO, Aug. 31 /CNW/ - Mavrix Fund Management Inc. (MVX : TSX)
announced it will, as deemed appropriate and from time to time, temporarily
close the corporate class shares of Mavrix Multi Series Fund Ltd. - Short Term
Income Series to new purchase orders and switches/transfers in from other
Mavrix Funds in order to avoid potential adverse tax consequences for the
Mavrix Multi Series Fund Ltd.
    As such, Mavrix will temporarily close the corporate class shares of
Mavrix Multi Series Fund Ltd. - Short Term Income Series. Purchase orders and
switches/transfers in from other Mavrix Funds will not be accepted after the
close of business as at 4 pm on Friday, August 31, 2007. Existing
pre-authorized chequing plan purchases will be allowed to continue. Mavrix
will announce when the closure will be lifted when deemed appropriate to do
so.

    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: Mavrix Fund Management Inc., Toll Free:
1-888-964-3533, Direct: (416) 362-3077 or visit our website at
www.mavrixfunds.com

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MAVRIX FUND MANAGEMENT INC.

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