Crown Hill Investment Corp., the manager and trustee of Investment Grade Trust, has cancelled the special meeting of unitholders of the trust set for November 14, and terminated the proposed exchange of units of the trust for shares of Investment Grade Class of a newly formed corporation.

Based on the proxies received to date and conversations with holders of units of the trust, Crown Hill has determined that, in its judgement, it would be inadvisable to proceed with the proposal at this time.