Impax Funds Management Inc. has assumed the management and investment advisor responsibilities for DGC Entertainment Ventures Corp.

The shareholders of the fund approved the change of manager together with a change in the name of the fund in late 2005. The fund will change its name to Impax Venture Income Fund Inc.

As part of the change of manager, Gordon McMillan and Steven Hawkins will be appointed to the board of directors of the fund. McMillan will also be appointed chairman and CEO of the fund and Hawkins will assume the role of president and CFO.

As well, the Canadian Federal Pilots Association will take over as the sponsor of the fund from the previous sponsor, the Directors Guild of Canada.