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Release_decision-Altimum

Release_decision-Altimum








News Release – MFDA Hearing Panel issues Decision and Reasons respecting Altimum Mutuals Inc. Settlement Hearing





For further information, please contact:

Shaun Devlin Vice-President, Enforcement (416) 943-4672 or sdevlin@mfda.ca

NEWS RELEASE

For immediate release

MFDA Hearing Panel issues Decision and Reasons respecting Altimum Mutuals Inc. Settlement Hearing

July 6, 2007 (Toronto, Ontario) – A Hearing Panel of the Central Regional Council of the Mutual Fund Dealers Association of Canada (“MFDA”) has issued its Decision and Reasons in connection with the settlement hearing held in Toronto, Ontario on June 15, 2007 in respect of Altimum Mutuals Inc.

A copy of the Decision and Reasons is available on the MFDA website at www.mfda.ca.

The Mutual Fund Dealers Association of Canada is the self-regulatory organization for Canadian mutual fund dealers. The MFDA regulates the operations, standards of practice and business conduct of its 161 Members and their approximately 75,000 Approved Persons with a mandate to protect investors and the public interest.

Doc #115018

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