Montrusco Bolton Income & Growth Fund Files Preliminary Prospectus.

TORONTO -- Montrusco Capital Management Inc. is pleased to announce that a preliminary prospectus for Montrusco Bolton Income & Growth Fund (the "Fund") has been filed with the securities regulatory authorities of all the Canadian provinces for an initial public offering of trust units.

The Fund is designed to provide unitholders with high monthly cash distributions by investing in an actively managed diversified portfolio of securities consisting primarily of securities of income trusts and common shares listed on a North American stock exchange or traded on a North American stock market.

Prospective purchasers may purchase trust units either by cash payment or by an exchange of units of freely tradeable securities of certain eligible issuers, as described in the preliminary prospectus.

Monstrusco Bolton Investments Inc. ("MBI") is the Fund's portfolio manager. MBI is based in Montreal and has investment professionals in five offices across Canada. MBI provides investment management services to pension and mutual funds, endowments and foundations, and high net worth individuals. MBI is a wholly-owned subsidiary of Montrusco Bolton Inc., which is controlled by First Asset Management Inc. ("FAMI"). As at September 30, 2004, MBI managed total assets of approximately $4.6 billion. As at September 30, 2004, FAMI and its affiliates managed or administered total assets of approximately $26.5 billion.

The syndicate of agents for this offering is being led by National Bank Financial Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., and includes BMO Nesbitt Burns Inc., Desjardins Securities Inc., Scotia Capital Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Dundee Securities Corporation and First Associates Investments Inc.