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Changes to Desjardins Alternative Investments Fund

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The Fédération des caisses Desjardins du Québec, the manager of the Desjardins family of mutual funds, has made changes to the investment objective of Desjardins Alternative Investments Fund, which has been re-named Desjardins Completion Investments Fund.

Due to previously announced changes to the tax treatment of income trusts which will take effect in January 2011, the fund will no longer invest in income trusts.

The fund will allocate a portion of its portfolio to two new classes of assets: (a) global infrastructure securities, which represent a potential source for stable returns and (b) global high yield bonds, which provide the prospect of superior income.

The addition of these two classes of assets combined with an increased exposure to global real estate investment trusts will also enhance the fund’s geographic diversification.

The fund’s portfolio adviser, Desjardins Global Asset Management, will continue to determine the relative weight for each asset class and investment strategy used by the fund based on its assessment of future market developments and its view of the relative potential of each strategy and asset class.

The portfolio adviser may add, revise or delete investment strategies and asset classes from time to time without prior notice to the fund’s unitholders. The fund may invest in securities of other mutual funds including mutual funds managed by Desjardins.

Sinopia Asset Management of Paris, France, will remain the sole sub-adviser to DGAM with specific responsibility for the management of inflation-linked bonds.

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