Multi-Manager Limited Partnership I

    TORONTO, March 8 /CNW/ - At the request of Regulation Services on behalf
of the Toronto Stock Exchange, we confirm that as of March 8, 2007 there have
been no new material corporate developments in Multi-Manager Limited
Partnership I (the "Partnership") since its last public filing. The
Partnership's primary source of revenue is distribution fees earned on certain
open-ended mutual funds sold on a contingent redemption fee basis ("Fund
Units"). The future stream of revenues is a function of the market value of
these Fund Units and the rate and timing of redemptions of the Fund Units.
Distribution fees are expected to continue to decline in the future as the
Fund Units are reduced by ongoing redemptions. Cash distributions from the
Partnership are made quarterly and the total annual cash distributions per
limited partnership unit for the years ended December 31, 2004, 2005 and 2006
were: $0.48, $0.37 and $0.31 respectively. For Canadian tax purposes the
Partnership units are only available for investment by Canadian residents.

    This press release includes forward-looking statements about the
Partnership, including its business operations, strategy and expected
financial performance and condition. Forward-looking statements include
statements that are predictive in nature, depend upon or refer to future
events or conditions, or include words such as 'expects', 'anticipates',
'intends', 'plans', 'believes', or negative versions thereof and similar
expressions. In addition, any statement that may be made concerning future
financial performance (including revenues, earnings or growth rates), ongoing
business strategies or prospects, and possible future action on our part, is
also a forward-looking statement. Forward-looking statements are based on
certain factors and assumptions including expected growth, results of
operations, business prospects, performance and opportunities. Forward-looking
statements are based on current expectations and projections about future
events and are inherently subject to, among other things, risks, uncertainties
and assumptions about our operations, economic factors and the financial
services industry generally. They are not guarantees of future performance,
and actual events and results could differ materially from those expressed or
implied by forward-looking statements made by us due to, but not limited to
important factors such as level of assets under our management, volume of
sales and redemption of our investment products, performance of our investment
funds and of our investment managers and advisors, competitive fee levels for
investment management products and administration and competitive dealer
compensation levels, size and default experience on our loan portfolio and
cost efficiency in our loan operations, as well as interest and foreign
exchange rates, taxation, changes in government regulations, unexpected
judicial or regulatory proceedings, and our ability to complete strategic
transactions and integrate acquisitions. We caution that the foregoing list is
not exhaustive. The reader is cautioned to consider these and other factors
carefully and not place undue reliance on forward-looking statements. We are
under no obligation (and expressly disclaim any such obligation) to update or
alter the forward-looking statements whether as a result of new information,
future events or otherwise.

For further information:

For further information: Greg Henderson, Director, Multi-Manager
Distribution No. 1 Limited, (416) 367-1900

Organization Profile

Multi-Manager Limited Partnership

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