Mulvihill Fund Services Inc., the manager and trustee of Mulvihill Total Return Fund and Mulvihill Canadian Bond Fund, reports that unitholders approved a change in manager and trustee of each fund to Ridgewood Capital Asset Management Inc., at special meetings of each fund.

The change in manager is expected to be effective on September 1. Unitholders of Mulvihill Total Return Fund also approved certain changes to the trust agreement governing that fund.

Mulvihill also says that special meetings of unitholders of Mulvihill Canadian Money Market and Mulvihill Global Equity Fund have been adjourned due to lack of quorum.

The special meetings had also been called to approve a change in manager and trustee of each fund to Ridgewood.

The special meetings will be reconvened on August 28, 2008 at the offices of Fasken Martineau DuMoulin LLP in Toronto.