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

Fri Mar 22, 2013 9:27pm EDT

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Matrix Funds has received the recent Federal Budget provisions with
respect to character conversion transactions.

    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,

    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 portfolios.

    (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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