PrefLetter News Release!

Never mind trivial stuff like the BCE uncertainty on a day like today!

PrefLetter has not only gone live, but it is telling the world!

TORONTO, April 17 /CNW/ – Hymas Investment Management Inc. (“HIMI”) announced today that it has initiated a preferred share newsletter, available to subscribers either resident in Ontario or registered with the Autorité des marchés financiers. The newsletter will be published following the close of the Toronto Stock Exchange on the second Friday of each month and will contain at least one recommendation for each of the major classes of preferred share currently trading.

“Preferred shares are a very attractive alternative to corporate bonds for taxable investors”, said James Hymas, President of the firm, “but very little commentary or analysis of any kind is available. This newsletter will make it possible for retail investors – and advisors who subscribe – to approach the market with confidence that all the reasonable alternatives have been carefully examined prior to a professional, specialist, recommendation.”

Clients have the alternative of purchasing the “Previous Issue”, “Next Issue” and “Full Year Subscription”. A full year subscription includes the previous issue as a bonus.

Further details are available at www.prefLetter.com; clients may subscribe on-line and – if they wish – receive the prior issue of the newsletter via eMail immediately. The first subscription issue of PrefLetter has been published, prepared as of April 13.

This service joins www.prefInfo.com, a site providing summary information regarding over 150 actively trading preferred share issues, and www.prefBlog.com, a site offering free daily commentary on matters of interest to Canadian preferred share investors, as HIMI’s contribution to efficient financial markets.

Many investors will be familiar with Mr. Hymas due to his articles in Canadian Moneysaver, which seek to communicate the elements of preferred share investing to smaller investors. Prior to founding HIMI, Mr. Hymas was Chief Operating Office and portfolio manager at Greydanus, Boeckh & Associates, Inc. (GBA), responsible for all research and portfolio management activities within the firm. GBA achieved first quartile fixed income results with a $1.7-billion bond portfolio until its acquisition by TD Asset Management.

HIMI also offers analytical software to institutions through www.prefShares.com, and portfolio management services to accredited investors through its flagship Malachite Aggressive Preferred Fund, a small unit trust with a superb six-year audited track record.

For further information: James Hymas, (416) 604-4204, jiHymas@himivest.com

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