AIC Ltd., as manager, and AIC Corporate Fund Inc. today announced that effective the close of business today, it is ceasing distribution of shares of AIC Global Health Care Corporate Class and AIC Global Telecommunications Corporate Class.

The decision was made following further discussions with the sub- advisor for these Funds, Dresdner RCM Global Investors LLC. AIC says it has determined that since the assets under management of the corresponding trust funds, for which Dresdner is also sub-advisor, have not grown significantly it would not be cost effective to continue to offer the two new corporate funds. As a result, AIC Global Health Care Corporate Class and the AIC Global Telecommunications Corporate Class will be terminated on or about July 16, following 60 days written notice to existing shareholders of these funds.

Existing shareholders of these funds will have the option of switching to another class of AIC Corporate Fund Inc., switching to the corresponding trust fund, or redeeming their shares.

Shareholders who purchased under the deferred sales charge option and switch to another class or to the corresponding trust fund will continue under the same deferred sales charge schedule for those new shares/units.

Shareholders who redeem their shares will not be subject to any additional fees or charges and will be reimbursed for any fees previously paid by them.