Knowledge First Financial Announces Adjournment of the Special Meetings of the Subscribers of the Family Multiple Student Plan and two "Grandfathered" Plans

TORONTO, March 23, 2012 /CNW/ - Three special meetings of subscribers of the Family Multiple Student Education Savings Plan (the "Multiple Student Plan"), the Family Grandfathered Multiple Student Education Savings Plan and the Family Grandfathered Single Student Education Savings Plan (the "Two Grandfathered Plans") were convened today to vote on an extraordinary resolution authorizing the transfer of assets of the Multiple Student Plan and the Two Grandfathered Plans into the Family Single Student Education Savings Plan as detailed in the management information circular which was delivered to subscribers early March 2012.

A quorum was not present at any of the three meetings and as a result, the three special meetings were adjourned to Wednesday March 28, 2012 at 10:00 am. for the Multiple Student Plan; 10:30 am. for the Family Grandfathered Multiple Student Education Savings Plan; and 11:00 pm. for the Family Grandfathered Single Student Education Savings Plan, all three meetings to be held at the offices of Knowledge First Financial, located at 50 Burnhamthorpe Road West, Suite 1000, Mississauga, Ontario.

Knowledge First Financial has been helping to make post-secondary education possible for Canadian families since 1965. Over the years it has paid out over $2.3 billion and manages almost half a million education savings plans for Canadians as at its last fiscal year end.

Paul Renaud, Corporate Secretary and General Counsel, Knowledge First Financial [phone]