TORONTO, ONTARIO--(Marketwire - Jan 18, 2013) - Matrix Funds Management* ("Matrix Management"), the manager of the Matrix Mutual Funds, announced today that effective on or about January 31, 2013, Matrix Management will become the portfolio advisor for the Matrix Covered Call Canadian Banks Plus Fund (Corporate Class), Matrix Dow Jones Canada High Dividend 50 Fund (Corporate Class) and Matrix S&P/TSX Canadian Dividend Artistocrats Fund (Corporate Class), replacing SEAMARK Asset Management Ltd. ("SEAMARK"), an affiliate of Matrix Management, who has acted as sub-advisor.
The change was made as part of the consolidation of management services into Matrix Management. Mr. Levi, President and CEO of Matrix Management said, "As Matrix Management is an affiliate of SEAMARK, we expect a seamless transition as a result of this change."
About Matrix Funds Management*
Matrix Funds Management (a division of GrowthWorks Capital Ltd.) is the manager of the Matrix Funds and a subsidiary of Matrix Asset Management Inc. (MTA:TSX). Matrix provides diversified asset and wealth management for both individuals and institutional investors. Please visit www.matrixfunds.ca for more information.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
The Dow Jones Canada High Dividend 50 Index is a product of Dow Jones Indexes, the marketing name and a licensed trademark of CME Group Index Services LLC ("CME"), and has been licensed for use. "Dow Jones®", "Dow Jones Canada High Dividend 50 Index" and "Dow Jones Indexes" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones"), and have been licensed to CME and have been sublicensed for use for certain purposes by Matrix Management. Matrix Dow Jones Canada High Dividend 50 Fund (Corporate Class) is not sponsored, endorsed, sold or promoted by CME Indexes, Dow Jones or their respective affiliates, and CME Indexes, Dow Jones and their respective affiliates make no representation regarding the advisability of trading in such product.
S&P® and Standard & Poor''s® are trademarks of Standard & Poor''s Financial Services LLC ("S&P"). These trademarks have been licensed for use by Matrix Management and sublicensed to Matrix S&P/TSX Canadian Dividend Aristocrats Fund (Corporate Class). TSX® is a trademark of TSX, Inc. and have been licensed for use by S&P. The Matrix S&P/TSX Canadian Dividend Aristocrats Fund (Corporate Class) is not sponsored, endorsed, sold or promoted by S&P or its third party licensors. Neither S&P nor its third party licensors makes any representation or warranty, express or implied, to the owners of the Matrix S&P/TSX Canadian Dividend Aristocrats Fund (Corporate Class) or any member of the public regarding the advisability of investing in securities generally or in the Matrix S&P/TSX Canadian Dividend Aristocrats Fund (Corporate Class) particularly or the ability of the S&P/TSX Canadian Dividend Aristocrats index (the "Index") to track general stock market performance.