Acuity All Cap & Income Trust, Acuity Diversified Total Return Trust, and Acuity Multi-Cap Total Return Trust merged into Acuity Growth & Income Trust

Date Closed: 12/28/2007

Value: C$91.57 million

Acuity All Cap & Income Trust (All Cap), Acuity Diversified Total Return Trust (Diversified), and Acuity Multi-Cap Total Return Trust (Multi-Cap) merged into Acuity Growth & Income Trust (the Continuing Fund) effective as of the close of business on December 28, 2007 (the Merger). The Merger was approved by unitholders of All Cap, Diversified and Growth at special meetings held on December 13, 2007 and by Multi-Cap unitholders at a special meeting on December 24, 2007. The Continuing Fund retained the name 'Acuity Growth & Income Trust' and continues to trade on the Toronto Stock Exchange under the symbol 'AIG.UN ' .

The Continuing Fund acquired the assets and liabilities of All Cap, Diversified and Multi-Cap (collectively, the Terminating Funds) by issuing Units of the Continuing Fund each of to the Terminating Funds equal to the net asset value of each Terminating Fund. The aggregate net asset value of the Terminating Funds was $91,573,976.

The manager of the funds, Acuity Funds Ltd., was advised by Lynn McGrade, Michael DeCosimo, Michael Tripp, Ruth Liu (securities/M&A ) and Stephen Fyfe (tax) of BLG.