AIC Announces Portfolio Management Change

BURLINGTON, ONTARIO -- (Marketwire) -- 03/12/09 -- AIC Limited's Jonathan Wellum, Chief Executive Officer and Chief Investment Officer, today announced that he will assume portfolio management responsibilities on AIC Value Fund, effective immediately. The Corporate Class version of this Fund will also be managed by Jonathan Wellum. Working closely with Jonathan will be AIC's Financial Services Team which includes, Christopher Lowe, Greg Placidi and James Dancy. Jonathan is currently co-manager of the AIC American Advantage Fund focusing on U.S. based financial services companies and has been the Portfolio Manager on the AIC Value Fund previously.

These Funds were previously managed by Pat Naccarato, a former Vice-President and Portfolio Manager, who left AIC effective March 12, 2009 to join the Canada Pension Plan Investment Board. Further to his departure, Mr. Naccarato also steps away from co-management responsibilities on AIC Global Premium Dividend Income Fund (formerly AIC Global Diversified Fund), Copernican International Dividend Income Fund and AIC Global Premium Dividend Income Corporate Class.

"We thank Pat for his service to AIC over the past three years," said Mr. Wellum. "Going forward, investors in the AIC Value Fund can remain confident that the Fund will continue to be managed within a value investing framework as it has been since its inception 19 years ago. AIC's in-house team applies a rigorous value investing methodology across all of its funds, as do our sub-advisors including Third Avenue Management LLC in New York; Ariel Capital Management LLC and Brookfield Redding in Chicago as well as Loomis Sayles & Company, LP in Boston - each highly-regarded in the value investing space."