Canadian Scholarship Trust Foundation announces changes in the management of
the Canadian Scholarship Trust Plans

TORONTO, Sept. 30 /CNW/ - Canadian Scholarship Trust Foundation (the Foundation) and C.S.T. Consultants Inc. (CSTC) are pleased to announce changes in the management of the Canadian Scholarship Trust Plans.  Effective September 28, 2010, the Foundation retained CSTC to direct the business, operations and affairs of the Plans, which represents an expansion of CSTC's previous role as administrator and distributor of the Plans.  Due to these changes, as of September 28, 2010, the manager of the Plans is CSTC and not the Foundation.  The Foundation retains its role as the sponsor of the Plans and will continue to provide governance and oversight services to the Plans. 

CSTC remains also the distributor of the Plans.

These management changes result from new securities regulatory requirements affecting managers of investment funds, which became effective on September 28, 2010.  As of this date, managers of investment funds were required to apply to the applicable securities regulatory authority for registration as an "investment fund manager" and once registered, these firms must comply with all applicable registration requirements, including working capital, insurance, compliance systems and financial reporting.  With its enhanced duties and responsibilities, CSTC applied to become registered with the Ontario Securities Commission in that capacity within the applicable deadline. CSTC will continue to be registered as a scholarship plan dealer with the securities regulatory authorities in all provinces and territories of Canada.

For further information:

Media Inquiries, please contact:

Peter Lewis
Vice President, Regulatory and Corporate Affairs
Tel:  [phone]
Fax: [phone]