Matrix Tax Deferred Income Fund & Matrix Tax Deferred Income Trust Pool

Fri Mar 22, 2013 9:27pm EDT

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Matrix Funds Management

March 22, 2013 - 09:26:43 PM

Matrix Tax Deferred Income Fund & Matrix Tax Deferred Income Trust Pool

TORONTO, ONTARIO--(Marketwire - March 22, 2013) - Matrix Funds has received
the recent Federal Budget provisions with respect to character conversion

The budget proposes new rules that would treat the gain realized on close-out
of any derivative forward agreement as ordinary income rather than capital
gain for forward agreements entered into after March 21, 2013. 

The proposed changes are being reviewed to determine what impact, if any, they
will have on the Matrix Tax Deferred Income Fund and the Matrix Tax Deferred
Income Trust Pool, which use forward agreements as part of their investment
strategies to create a tax efficient distribution for their unitholders. As
details are limited at this point, the Funds will await further guidance from
the Federal Government on how these new changes will be implemented and make
further announcements as necessary. 

The Matrix Tax Deferred Income Fund recently won the 2013 Lipper Award for its
3 year performance in the Global Equity Balanced Category. 

The Matrix Tax Deferred Income Fund and Matrix Tax Deferred Income Trust Pool
are managed by Toronto based Liis Palmer, Vice President & Portfolio Manager,
Cassels Investment Management Inc. Brookfield Asset Management acts as a
sub-advisor to Cassels with respect to the fixed income portion of the

(i) GrowthWorks Capital Ltd., through its Matrix Funds Management operating
division, is the manager of the Matrix Funds and a subsidiary of Matrix Asset
Management Inc. (TSX:MTA). Matrix provides diversified asset and wealth
management for both individuals and institutional investors. Please visit for more information.

Matrix Funds are distributed through authorized investment dealers.
Commissions, trailing commissions, management fees and expenses may be
associated with mutual fund investments. Mutual funds are not guaranteed,
their values change frequently and past performance provides no assurance or
indication of future performance. Mutual fund securities are not covered by
the Canada Deposit Insurance Corporation or by any other government deposit
insurer. Please review the Fund(s) prospectus carefully for important
information before investing.

Matrix Funds Management
Wan Kim
SVP National Sales and Marketing
Direct: 1.416.934.7708 / 1.800.268.8244

Matrix Funds Management
David Balsdon
Direct: 1.416.365.4201 / Toll Free: 1.800.268.8244
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