SHSC Financial Inc. Receives Unitholder Approval for Proposed Merger of
Social Housing Canadian Money Market Fund with Social Housing Canadian
Short-Term Bond Fund

TORONTO , Nov. 16 /CNW/ - SHSC Financial Inc., in its capacity as Manager of the Social Housing Investment Funds, is pleased to announce that the proposed merger of Social Housing Canadian Money Market Fund with Social Housing Canadian Short-Term Bond Fund was approved by Unitholders of the Social Housing Canadian Money Market Fund at the Special Meeting of Unitholders held November 16, 2009 in Toronto .

All required approvals for the merger have now been obtained and the merger will be effective as of November 30, 2009 .

SHSC Financial Inc. is a Toronto-based investment fund manager and, together with Phillips, Hager and North Investment Management Ltd., manages approximately $377-million in assets on behalf of mutual funds offered to social housing providers in Ontario.

For further information: Mr. David Millar, SHSC Financial Inc., 390 Bay Street, Suite 710, Toronto, Ontario, M5H 2Y2, Telephone: [phone], Ext. 246, Toll Free: 1-866-268-4451, Ext. 246, Facsimile: [phone], Email: [email protected]