ABC Dirt-Cheap Stock Fund
April 1, 2006 Launch

We are pleased to announce that we have just completed the initial April 1, 2006 launch of our new ABC Dirt-Cheap Stock Fund. In total we successfully raised just over $75,600,000 at an opening price of $10.00 per unit.

As outlined over the past several months, ABC Dirt-Cheap Stock Fund will have an extended launch and will be reopened for further investment at net asset value for the next five consecutive months:

May 1, 2006
June 1, 2006
July 1, 2006
August 1, 2006
September 1, 2006

After the final reopening date of September 1, 2006 the ABC Dirt-Cheap Stock Fund will be effectively closed to new investors. Thereafter, purchase of units can only be made through the ABC virtual exchange from existing unitholders.

Our investment team is working quite diligently with regard to the effective deployment of the $75,600,000 raised. As of this date we have expended over $35 million of this amount and we will endeavour to invest a significant portion of the balance before the next investment reopening on May 1. It is interesting to note that of this invested $35 million we have placed funds in 18 holdings: 10 Canadian, 5 American, 2 Australian and one Singapore stock exchange listed company.

Irwin A. Michael, CFA