(August 31 – 17:20 ET) – AIC Limited and Aderes Portfolio Management Limited — now Berkshire Private Client Group Inc. — announced today that on August 25, the net assets of the Aderes Funds were transferred into certain AIC Funds in exchange for units of AIC Funds.

> Aderes Focused Canadian Fund and Aderes Diversified Canadian Fund into AIC Canadian Focused Fund
> Aderes Focused American Fund and Aderes Diversified American Fund into AIC American Focused Fund
> Aderes Money Market Fund into AIC Money Market Fund

Unitholders of the Aderes Funds unanimously approved these mergers at a special meeting held July 24, 2000 in Burlington, Ontario. Regulatory approval for the mergers was received August 24, 2000.

Unitholders of the terminating Aderes Funds have become unitholders of the corresponding AIC Funds as a result of the mergers. Under a dollar-for- dollar exchange formula, the dollar value of the unitholders’ investments in the Aderes Funds were transferred to the respective AIC Funds.
-IE Staff