PFSL Investments Canada Ltd. today announced the completion of a re-balancing of the underlying funds in which certain of the Primerica Concert Allocation Series of Funds invests. Unitholders approved such re-balancing at a special meeting held January 31.

The Concert portfolios are a collection of eleven asset allocation funds designed to provide a comprehensive range of investment options through a “fund-on-fund” investment structure. The underlying funds in which the Concert portfolios invest are selected from the AGF Group of Funds managed by AGF Funds Inc.

The re-balancing was made in order to allow the nine relevant Concert portfolios to more effectively meet their investment objectives. The re-balancing will allow the relevant Concert portfolios to take advantage of changes in foreign content rules and new investment opportunities available as a result of newly available AGF Funds in which the Concert portfolios may invest.

Full details of the re-balancing are set out in the Concert portfolio’s simplified prospectus dated November 29, 2001, which is available at www.sedar.com.