Altamira Investment Services Inc. announced today that Altamira RSP Science & Technology Fund, Altamira RSP e-Business Fund and Altamira RSP Health Sciences Fund will be terminated on August 2.

Altamira has concluded that it is in the best interest of unitholders that the funds be terminated, due to the recent elimination of the foreign content limit for registered plans.

Altamira says the funds have initiated the termination of forward contracts used by them and will instead directly hold units of the relevant underlying funds. Effective immediately, the costs associated with the forward contacts will be eliminated and the management expense ratios for the funds will be reduced to the same level as the relevant underlying fund.

As of July 5, purchases and switches into the funds will be suspended. Current investors in the funds will receive units of equal value of the relevant underlying funds on the termination date.

Altamira says unitholders will not be required to take any action, nor will they have to pay any fees as a consequence of the termination of the funds. All costs associated with the termination will be borne by Altamira.

Automatic investment plans purchases will continue into these funds until the termination date, after which such purchases will automatically be transferred to the corresponding underlying fund.

All automatic foreign content account rebalancing will cease immediately.

http://www.newswire.ca/en/releases/archive/July2005/04/c8394.html