Mavrix Fund Management Inc. announced today it will, as deemed appropriate and from time to time, temporarily close the corporate class shares of Mavrix Multi Series Fund Ltd. – Short Term Income Series to new purchase orders and switches/transfers in from other Mavrix Funds in order to avoid potential adverse tax consequences for the Mavrix Multi Series Fund Ltd.

Mavrix will temporarily close the corporate class shares of the fund. Purchase orders and switches/transfers in from other Mavrix funds will not be accepted after the close of business as at 4 p.m. ET on Tuesday, October 31.

Existing pre-authorized chequing plan purchases will be allowed to continue. Mavrix will announce when the closure will be lifted when deemed appropriate to do so.

http://www.newswire.ca/en/releases/archive/October2006/31/c6496.html