EdgePoint Wealth Management Inc. Opposes Boralex Inc.'s Bid for Boralex Power
Income Fund

TORONTO, Aug. 24 /CNW/ - EdgePoint Wealth Management Inc. ("EdgePoint") believes Boralex Inc.'s revised offer for Boralex Power Income Fund (BPT) is inadequate. As such, EdgePoint will not be tendering units of BPT managed by it to the revised offer. On behalf of its investors, EdgePoint currently owns 1,892,300 of BPT units. 

The current $5.00 offer for each BPT unit is in the form of convertible, unsecured, subordinated debentures of Boralex. EdgePoint believes these debentures are worth materially less than $5.00 per BPT unit

As noted in Boralex's amended offer to BPT unit holders dated August 13, 2010, BPT units that have already been tendered to the offer may be withdrawn.

About EdgePoint Wealth Management
EdgePoint Wealth Management is an independent investment management firm based in Toronto that is owned and operated by investors^TM. It offers mutual funds, institutional and other investment products through financial advisors. Its founding members - Tye Bousada, Patrick Farmer, Robert Krembil and Geoff MacDonald - have proven track records of building wealth for those who have entrusted them with their savings.

This is not an offer to purchase.  Mutual funds can only be purchased through a registered Dealer. Please read the simplified prospectus before investing. Copies are available from your advisor or visit our website for more information at www.edgepointwealth.com. EdgePoint® is a registered trademark of EdgePoint Investment Group Inc. Owned and operated by investors is a trademark of EdgePoint Investment Group Inc.

For further information:

Patrick Farmer, CEO
EdgePoint Wealth Management Inc.
416-963-9353
[email protected]