Shaunessy Investment Counsel Inc. has advised that it will not renew its investment management agreement in respect to several classes of CGF Mutual Funds Corp., CGF Group of Funds said Tuesday.

The funds affected by this change are: CGF Income & Equity Class; CGF Canadian Heavyweight Equity Class; CGF US Heavyweight Equity Class; CGF International Heavyweight Equity Class; and CGF Global Heavyweight Equity Class.

Effective November 18, the portfolio advisor for these funds will be Crown Hill Asset Management Inc. Except for the change of portfolio advisor for the funds, the business and affairs of the CGF Funds remain unchanged. the company says.

IE