CIBC Asset Management Inc. will move forward the financial yearends of five families of mutual funds it manages. Pending regulatory approval, the yearends of Renaissance mutual funds, Talvest funds and Sequence portfolios will be changed to Aug. 31 from Dec. 31. Frontiers Pools and Axiom Portfolio will be changed to Aug. 31 from Sept. 30. As a result of the shortened 2006 financial year, Renaissance, Talvest and Sequence will not be required to prepare interim financial statements and interim management reports of fund performance, which would ordinarily have been required for the six-month period ending June 30, 2006. The next financial statements and performance reports will be for the eight months ending Aug. 31, 2006.