June 2, 2008, 2008
FOR IMMEDIATE RELEASE

AIC Announces Completion of Fund Mergers

Burlington, Ontario - AIC Limited today announced the completion of two previously announced fund mergers:

Terminating Fund	Continuing Fund
AIC Global Premium Dividend Income Fund	AIC Global Diversified Fund, then subsequently renamed AIC Global Premium Dividend Income Fund
AIC World Equity Corporate Class	AIC Global Diversified Corporate Class, then subsequently renamed AIC Global Premium Dividend Income Corporate Class

A positive recommendation from the Independent Review Committee for the mergers of the Terminating and Continuing Funds was received on March 3rd, 2008, regulatory approval was received on May 21, 2008, and securityholder approval was received on May 15th, 2008. Investors in the Terminating Funds have become investors in the corresponding Continuing Funds as a result of the mergers. For the Corporate Class merger, under a dollar-for-dollar exchange formula, the dollar value of the investors’ investments in the Terminating Funds were transferred to the respective class of the Continuing Funds. For the merger of AIC Global Premium Dividend Income Fund to AIC Global Diversified Fund, unitholders exchanged their Mutual Fund Units for Class T6 Units.

AIC commenced operations in 1985 and has grown to become one of Canada’s largest privately-held mutual fund companies with assets under management exceeding $6 billion.

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Terri Oswald
Director, Media Relations
AIC Limited, Burlington ON
(905) 331-4242, ext. 4345
1-888-710-4242, ext. 4345
toswald@aic.com