BPI reopens Canadian Small Companies Fund

TORONTO, Dec. 18 /CNW/ - BPI Mutual Funds announced today that the BPI Canadian Small Companies Fund will be reopened to new investors effective immediately.

The Fund had been closed to new purchasers in March 1997, and was reopened to purchases by existing unitholders in November 1997.

Lead portfolio manager Steven Misener, CFA, has made a number of changes to the portfolio, and feels that the Fund is well positioned to capitalize on a turnaround in the small cap sector. In addition, BPI has made changes to its lineup of managers to allow Mr. Misener to focus on the Small Companies Fund.

BPI Financial Corporation (TSE:BPF), through its wholly owned subsidiary BPI Capital Management Corporation, is the sponsor, manager and distributor of BPI Mutual Funds.

BPI Mutual Funds is one of Canada's leading independent mutual fund companies, managing over $3.5 billion in assets on behalf of more than 250,000 Canadians. Now in its 11th year of operation, BPI manages a variety of funds to suit individual investment needs.

THE TORONTO STOCK EXCHANGE NEITHER AGREES NOR DISAGREES WITH THE INFORMATION CONTAINED HEREIN.

0- 12/18/1998

For further information: James L. McGovern, President and Chief Executive Officer, BPI Mutual Funds, (416) 216-2224

News release courtesy Canada NewsWire.

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