Ark Funds Offer Global Value Expertise of NorthRoad Capital Management

Toronto, ON – Ark Fund Management Ltd. (Ark), the Manager and Trustee of the Ark NorthRoad Global Fund, announces that, effective March 1, 2009, SciVest Capital Management Inc. (SciVest) replaced Avenue Investment Management Inc. as the Portfolio Advisor to the Ark NorthRoad Global Fund. Also effective on March 1, 2009, NorthRoad Capital Management LLC was retained by SciVest to act as the investment sub-advisor to the Fund.

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