Matrix Funds Completes the Rollovers of the Matrix 2012 Enhanced Short Duration National and Quebec Resource Flow Through LP

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2013) - Growth Works Capital Ltd. (through its operating division, Matrix Funds Management) ("Matrix Funds") today announced that on April 26, 2013, it completed the rollover of the Matrix 2012 Enhanced Short Duration National and Québec Flow Through LP ("LP") into the Matrix Canadian Resource Fund - Corporate Class.

As at the rollover date, the net asset value of the Matrix 2012 Enhanced Short Duration National and Québec Flow Through LP - National Class ("LP") was $4.55069 per unit. Each investor in the Matrix2012 Enhanced Short Duration National and Québec Flow Through LP - National Class will receive 0.720046 shares of the Matrix Canadian Resource Fund - Corporate Class for each LP unit held on a tax-deferred basis.

As at the rollover date, the net asset value of the Matrix 2012 Enhanced Short Duration National and Québec Flow Through LP - Quebec Class ("LP") was $3.90236 per unit. Each investor in the Matrix Enhanced Short Duration National and Québec Flow Through LP - Quebec Class will receive 0.617462 shares of the Matrix Canadian Resource Fund - Corporate Class for each LP unit held on a tax-deferred basis.

The Matrix Canadian Resource Fund - Corporate Class (the "Fund") is a class of redeemable shares of the Matrix Corporate Class Funds Ltd., a multi class mutual fund corporation. The Fund's primary investment objective is to seek long-term capital growth by investing in a diversified portfolio of Canadian resource issuers. To achieve this objective, the Fund invests solely in the Matrix Canadian Resource Fund that pursues the same investment objective mandate. Matrix also offers seven other share classes, the Matrix Short Term Income Fund - Corporate Class, Matrix Canadian Balanced Fund - Corporate Class, Matrix Monthly Pay Fund - Corporate Class, Matrix American Dividend Growth Fund - Corporate Class, Matrix Covered Call Canadian Banks Plus Fund - Corporate Class, Matrix Dow Jones Canada High Dividend 50 Fund - Corporate Class and Matrix S&P/TSX Canadian Dividend Aristocrats Fund - Corporate Class. The eight classes provide investors the opportunity for further investment diversification and switches between classes are tax deferred.

About Growth Works Capital Ltd.

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