Hartford Investments Re-Opens Hartford Canadian Dividend Growth Fund

TORONTO , Oct. 29 /CNW/ - Hartford Investments announced today it will re-open Hartford Canadian Dividend Growth Fund to new investment, effective November 2, 2009 . The fund, which is sub-advised by Regina-based Greystone Managed Investments, was capped to new investment in May, 2008.

"Holding dividend paying companies can significantly enhance returns for investors, but what we like about this fund is the added benefit of Greystone's focus on companies that are growing earnings," says Laurie Davis , CEO of Hartford Investments. "That difference and Greystone's long-term track record are why so many advisors and their clients will be happy to see the fund re-opened."

Hartford Canadian Dividend Growth Fund was capped based on capacity constraints related to how Greystone manages the portfolio. As the fund is a concentrated portfolio of 25 Canadian dividend-paying companies, Greystone believes its ability to move in and out of positions in a timely manner is critical to the fund's performance. For that reason, the capacity of the fund's mandate is continually monitored by Greystone to ensure the integrity of its investment process and protect long-term performance of the fund. Greystone has assessed liquidity and trading volumes in securities held in the fund, as well as volumes of potential positions, and determined that opening the fund to new investment at this time is appropriate.

Once opened, Hartford Canadian Dividend Growth Fund will be available in Series A (front end load), Series B (back end and low load) and Series F (fee-based) versions.

Hartford Investments: Hartford Investments was founded in 2000 and is an indirect wholly owned subsidiary of The Hartford Financial Services Group, Inc. a leading global provider of investment products, life insurance and group benefits. With over $1 billion in assets under management as of December, 2008, Hartford Investments currently offers a suite of 18 mutual funds, namely, Hartford Capital Appreciation Fund, Hartford Global Leaders Fund, Hartford U.S. Stock Fund, Hartford U.S. Dividend Growth Fund, Hartford Canadian Stock Fund, Hartford Canadian Value Fund, Hartford Canadian Dividend Growth Fund, Hartford Canadian Dividend Fund, Hartford Global Balanced Fund, Hartford Canadian Balanced Fund, Hartford Canadian Bond Fund, Hartford Global High Income Fund, Hartford Canadian Money Market Fund, Hartford International Equity Fund, Hartford Growth Portfolio, Hartford Balanced Growth Portfolio, Hartford Balanced Portfolio, and Hartford Conservative Portfolio, each of which is a reporting issuer in all of the provinces and territories in Canada .

Greystone Managed Investments: Greystone Managed Investments was founded in 1988, is an investment management firm based in Regina, Saskatchewan, with $31.2 billion of assets under managements as of September 30, 2009 . Greystone provides services to corporate and public pension funds, investment funds, educational institutions, foundations, trusts and charities, religious orders, trade unions, hospitals and cultural organizations. Greystone is a privately owned firm, controlled by employees. The company is the largest, independently owned, pension-asset manager in Canada (Benefits Canada , May 2009 , based on December 2008 pension assets).

For further information: Hugh Cameron, Razor Voice Public Relations, [phone], [email protected]; Mary Taylor, Senior Vice-President, Marketing, Product and Key Accounts, Hartford Investments, [phone], [email protected], www.hartfordinvestments.ca