Seamark Asset Management Ltd. ended the second quarter with $5.3 billion in assets under management on behalf of clients, down from $5.9 billion at the end of the first quarter.

Preliminary results indicate that asset outflows contributed $360 million to the decrease with the remainder reflecting market value declines as equity and bond markets fell during the quarter.

Seamark’s second quarter 2006 financial results are scheduled for release on August 1, 2006. An analyst call will be held the following morning, August 2, beginning at 9:30 a.m. Atlantic time (8:30 a.m. Eastern).