Acuity Funds Ltd. announced today that it will seek unitholder approval for a proposed fund merger, as well as changes to the investment objectives of a couple of funds.

Acuity is proposing to merge the assets of Acuity Clean Environment Global Equity Fund into Acuity Clean Environment Equity Fund.

Acuity is also seeking to change the fundamental investment objective of Acuity Clean Environment Equity Fund to permit it to invest up to 100% of its assets in foreign issuers.

Acuity is also proposing to change the fundamental investment objective of Acuity Clean Environment Balanced Fund to expand and diversify its current “sustainable development” investment mandate to include other “socially responsible” investment opportunities. In connection with this change, the fund’s name will change to Acuity Social Values Balanced Fund.

Notice of these unitholder meetings and an information circular will be mailed to applicable unitholders for meetings to be held on August 7. If approved, the changes are anticipated to become effective by the end of August 2007.

Acuity is a Toronto-based mutual fund manager and, together with Acuity Investment Management Inc., manages approximately $9.4 billion in assets on behalf of mutual funds, pooled funds, closed-end funds, pension funds, foundations, and private clients.