Ontario Teachers' Pension Plan Board invests in Altus Group Income Fund

    TORONTO, Dec. 13 /CNW/ - Ontario Teachers' Pension Plan Board ("OTPPB")
today announced that it acquired ownership and control of 2,318,840 units of
Altus Group Income Fund ("Units"), by way of a private placement offering by
Altus Group Income Fund (the "Fund"). As a result, OTPPB has ownership and
control over an aggregate of 2,318,840 Units, representing approximately 17.6%
of the outstanding Units. This news release is being issued under the early
warning provisions of Canadian provincial securities legislation.
    OTPPB has acquired the Units for investment purposes only. In fulfilling
its responsibilities as an owner of securities, OTPPB may make its views known
to the Fund's management or Board of Trustees when proxies are solicited and
on other occasions. Depending on market conditions and other factors that
OTPPB may deem material to its investment decisions, OTPPB may in the future
acquire Units, debentures, options or other derivative securities related to
the Units, in the open market or in privately negotiated purchases or
otherwise and may also, depending on then-current circumstances, dispose of
all or a portion of the Units, or options or other derivative securities
related to the Units, in one or more transactions, in each case to the extent
then permitted by applicable law and regulation.

    With $106 billion in net assets as of December 31, 2006, the Ontario
Teachers' Pension Plan is the largest single-profession pension plan in
Canada. An independent organization, it invests the pension fund's assets and
administers the pensions of 271,000 active and retired teachers in Ontario.

For further information:

For further information: A copy of the Early Warning Report that will be
filed with the applicable securities commissions can be obtained by
contacting: Deborah Allan, Communications, Ontario Teachers' Pension Plan,
(416) 730-5347, deborah_allan@otpp.com; Ontario Teachers' Pension Plan, 5650
Yonge Street, Toronto, Ontario, M2M 4H5

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890