TORONTO, ONTARIO--(Marketwire - July 10, 2012) - Matrix Funds Management* is pleased to announce that the Matrix U.S. Equity Fund Corporate Class has been renamed as the Matrix American Dividend Growth Fund - Corporate Class. The name change reflects a new approach, whereby every holding will pay a dividend.

"This is a great opportunity for Canadians looking for growth in the US who want the added safeguard of a dividend only mandate," says Robert McKim, portfolio manager for the Matrix American Dividend Growth Fund - Corporate Class and Chief Investment Officer (CIO) for fund manager -SEAMARK Asset Management Ltd.(a Matrix Asset Management Inc. company). This will allow Canadians to take advantage of investing in US companies with growth opportunity and a lower risk profile via the unique mandate "Every Holding Pays a Dividend".

As an added benefit, investors will also have the option to switch into other Matrix corporate class funds and defer capital gains that would have otherwise been payable on redemption because it is part of the broader Matrix corporate class of funds. There are currently eight corporate class funds within the Matrix Fund family.

At the same time Matrix is also pleased to announce the additional new feature of T8 shares or units to provide monthly distributions that approximate an annualized 8% distribution yield to the American Dividend Growth Fund - Corporate Class and several of its most popular funds:

  • Matrix Monthly Pay Fund - T8 units
  • Matrix International Income Balanced Fund - T8 units
  • Matrix Tax Deferred Income Fund - T8 units
  • Matrix Canadian Balanced Fund Corporate Class - T8 shares
  • Matrix Monthly Pay Fund Corporate Class - T8 shares
  • Matrix Dow Jones Canada High Dividend 50 Fund Corporate Class - T8 shares
  • Matrix S&P/TSX Canadian Dividend Aristocrats Fund Corporate Class -T8 shares
  • Matrix American Dividend Growth Fund Corporate Class - T8 shares

"This added feature provides predictable distribution yield in a highly tax-efficient manner," adds Wan Kim, Senior Vice President, National Sales and Marketing. "We are proud to offer investors the choice of our already strong family of fixed monthly distribution funds and now the choice of a targeted yield product."

*Matrix Funds Management (a division of Growth Works Capital Ltd.) is the manager of the Matrix Funds and a subsidiary of Matrix Asset Management Inc. (TSX:MTA). Matrix provides diversified asset and wealth management for both individuals and institutional investors. Please visit for more information.

Matrix Funds are distributed through authorized investment dealers. Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance provides no assurance or indication of future performance. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. Please review the Fund(s) prospectus carefully for important information before investing.

Contact Information:

Matrix Funds Management
Wan Kim
SVP National Sales and Marketing
1.416.934.7708 or 1.800.268.8244

Matrix Funds Management
David Balsdon
1.416.365.4201 or Toll Free: 1.800.268.8244