Unitholders of the GS+A RRSP Fund approve proposed merger

    TORONTO, June 29 /CNW/ - The GS+A RRSP Fund (the "Fund") today announced
that its unitholders approved the proposed merger of the Fund with The GS+A
RRSP Fund (2007) (the "New Fund") at a special meeting of unitholders of the
Fund held today. The New Fund will be an open-ended, unincorporated trust
managed by Gluskin Sheff + Associates Inc., the trustee and manager of the
Fund, with investment objectives and strategies identical to those of the
    Under the proposed merger, all of the assets of the Fund will be
transferred to the New Fund in exchange for units of the New Fund and an
assumption of the Fund's liabilities, and all of the outstanding units of the
Fund will thereafter be redeemed. In connection with such redemption,
unitholders of the Fund will receive units of the New Fund on a tax-deferred
"rollover" basis.
    The merger of the two funds is expected to be effective July 1, 2007 and
the Fund will be terminated on the same date.
    Further details of the proposed merger and the New Fund are contained in
the information circular of the Fund and other related documents available on
SEDAR at www.sedar.com.

    About the Fund

    The GS+A RRSP Fund is an open-ended, unincorporated trust established
under the laws of the Province of Ontario on June 27, 1997. The investment
objectives of the Fund are to provide long term capital appreciation through
investments in any kind of publicly traded security or debt instrument such
that the units of the Fund will be qualified investments for trusts governed
by registered retirement savings plans, registered retirement income funds and
deferred profit sharing plans. The Fund's assets are invested primarily in
equity securities of companies listed on recognized Canadian stock exchanges,
debentures and bonds of Canadian companies and in debt instruments of or
guaranteed by the Government of Canada or any province thereof or by Canadian
chartered banks.

    About the Trustee and Manager

    Founded in 1984, Gluskin Sheff + Associates Inc. is one of Canada's
pre-eminent wealth management firms serving high net worth private clients and
institutional investors. The Company's Subordinate Voting Shares are listed on
the Toronto Stock Exchange under the symbol "GS". For more information about
the Company, please visit our website at www.gluskinsheff.com.

For further information:

For further information: Gluskin Sheff + Associates Inc., Valerie
Barker, Chief Financial Officer and Secretary, Phone: (416) 681-6002, Fax:
(416) 681-6060

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