Professionals' Financial - Mutual Funds Inc. proposes changes to its family of funds

MONTREAL, Oct. 10, 2012 /CNW Telbec/ - Professionals' Financial - Mutual Funds Inc. (the "Manager") announces proposed changes to the investment objectives of its thirteen funds: Professionals' Balanced Fund, Professionals' Balanced Growth Fund, Professionals' Retirement Balanced Fund, Professionals' Bond Fund, Professionals' Short Term Fund, Professionals' Canadian Equity Fund, Professionals' Dividend Fund, Professionals' Global Equity Fund, Professionals' American Index Fund, Professionals' European Equity Fund, Professionals' Asian Equity Fund, Professionals' Emerging Markets Equity Fund and Professionals' Equity World Trends Fund, (each a "Fund" and, collectively, the "Funds").

The goal of these changes is to provide more flexibility in the day-to-day management of the Funds in order to enhance value for unitholders.

Funds	Proposed Changes
Professionals' Balanced Fund	The proposed change clarifies the Fund's investment objective and allows the Fund to invest in, among other things, securities of foreign issuers.
Professionals' Balanced Growth Fund	The proposed change clarifies the Fund's investment objective and allows the Fund to invest in, among other things, securities of foreign issuers.
Professionals' Retirement Balanced Fund	The proposed change clarifies the Fund's investment objective and confirms that the Fund invests in, among other things, securities of Canadian and foreign issuers.
Professionals' Bond Fund	The proposed change clarifies the Fund's investment objective and allows the Fund to invest in, among other things, debt instruments of foreign issuers.
Professionals' Short Term Fund	The proposed change clarifies the Fund's investment objective and confirms that the Fund invests in, among other things, debt instruments of top quality Canadian and foreign issuers.
Professionals' Canadian Equity Fund	The proposed change clarifies the Fund's investment objective and confirms that the Fund invests in, among other things, equity securities of small, medium and large cap Canadian issuers.
Professionals' Dividend Fund*	The proposed change clarifies the Fund's investment objective and confirms that a fundamental investment objective of the Fund is to provide income.
Professionals' Global Equity Fund	The proposed change clarifies the Fund's investment objective and allows the Fund to invest worldwide and not only in the US, Europe and Asia.
Professionals' American Index Fund	The proposed change clarifies the Fund's investment objective and allows the Fund to track the performance of US markets indexes other than the S&P 500 index.
Professionals' European Equity Fund	The proposed change clarifies the Fund's investment objective and allows the Fund to invest anywhere in Europe, not only in the fifteen most developed countries forming part of recognized markets indexes or in certain emerging European countries.
Professionals' Asian Equity Fund	The proposed change clarifies the Fund's investment objective and allows the Fund to invest anywhere in Asia, not only in certain Asian countries or regions.
Professionals' Emerging Markets Equity Fund	The proposed change clarifies the Fund's investment objective and allows the Fund to invest in issuers in emerging markets listed on a stock exchange.
Professionals' Equity World Trends Fund	The proposed change clarifies the Fund's investment objective and allows the Fund to invest worldwide without being limited to investing a maximum of 10% of its portfolio in Canada.

*If the investment objective change is approved, the name of the Professionals' Dividend Fund will become "Professionals' Canadian Dividend Fund".

The Manager will hold special meetings of unitholders of the Funds on or about December 10, 2012 to seek the approval of unitholders of record on or about November 6, 2012 for the proposed investment objective changes. On or about November 7, 2012, a management information circular with the necessary details of the proposals, as required by securities regulations, will be sent to the unitholders of the Funds. If approved, the changes will become effective on or about December 28, 2012.

About Professionals' Financial
Professionals' Financial serves, among others, the following shareholder members: the Fédération des médecins spécialistes du Québec, the Association des chirurgiens dentistes du Québec, the Corporation de service de la Chambre des notaires, the Association des architectes en pratique privée du Québec and the Association québécoise des pharmaciens propriétaires. Members of the Fédération des médecins résidents du Québec and of Médecins francophones du Canada, both partners of Professionals' Financial, also have access to the same services. Initially designed for professionals not covered by a pension plan and their family members, the Financial now offers professionals private management, mutual fund and financial planning services. Its investment solutions are focused on long-term performance and capital preservation, and its management and professional fees are among the lowest in Canada. Professionals' Financial has more than 8,000 clients and assets under management of over $2 billion. It is headquartered in Montréal, with offices in Québec City and Sherbrooke.

SOURCE: PROFESSIONALS' FINANCIAL

François Landry
Vice-Chairman of the Board and Vice-president
Professionals' Financial - Mutual Funds Inc.
2 Complexe Desjardins
East Tower, 31^st Floor
P. O. Box 1116
Montréal, Quebec  H5B 1C2
Telephone: [phone] or 1-888-377-7337
Fax: [phone]
[email protected]
More details at www.professionalsf.com