CFI Group’s CFI Capital Launches $80 Million Infrastructure Opportunities Fund

CFI has installed zoned heating and thermostats on timers that allow us to heat only when and where we need to. The application of stucco to the exterior minimizes heat loss. Sliding doors and windows also allow us to use fresh air to moderate our temperature.

November 11, 2004

Investors as Limited Partners Include Ontario Teachers’ Pension Plan, Teachers’ Retirement Allowances Fund (Manitoba), Kilmer Van Nostrand and The Canadian Medical Protective Association

TORONTO, ON – November 11, 2004 – CFI Group, a leader in equity and debt financing for the mid-market, today announced that its subsidiary, CFI Capital, is launching a CDN$80 million Infrastructure Opportunities Fund. Participants in the CFI Infrastructure Opportunities Fund as Limited Partners include the Ontario Teachers’ Pension Plan, Teachers’ Retirement Allowances Fund (Manitoba), Kilmer Van Nostrand and The Canadian Medical Protective Association.

“The CFI Infrastructure Opportunities Fund was launched because we saw increased demand for financing for small and mid-sized infrastructure projects and that a growing number of Public Sector-Private Sector-Partnerships (P3’s) were being under-funded,” said Kevin M. Andrews, President and CEO of CFI Group. “The combination of Corpfinance’s experience in debt financing with the Fund’s ability to provide equity and subordinated debt financing will enable us to be a one-stop-shop for companies or projects requiring $2 to $16 million in equity capital.”

The Fund will invest in a diversified portfolio of private mid-market infrastructure projects including power generation plants, water and waste treatment plants and other infrastructure projects with the public sector and private industry across Canada. “These projects are typically ignored by traditional sources of capital, such as investment banks and venture funds, and are therefore challenged to secure the financing necessary to complete the project,” added David G. Bell, Managing Director, CFI Capital.

“This fund gives us an opportunity to participate in funding smaller infrastructure projects across Canada,” stated Jim Leech, Senior Vice President, Teachers’ Private Capital, Ontario Teachers’ Pension Plan.

About CFI Group

With over 20 years of experience and having completed $5 billion of transactions, CFI Group, through Corpfinance International, CFI Capital and CFI Trust, are specialists in providing customized medium and long-term structured and infrastructure debt and equity financing solutions for private and public corporations. The company is based in Toronto, Ontario with offices in Quebec and British Columbia and is owned by management and Canada Life.

CFI Group offers debt and equity capital solutions through its subsidiary CFI Capital and securitization solutions through CFI Trust which is AAA rated by DBRS and has generated over $2 billion in originations. With transactions ranging from $10 million to $100 million, CFI Group can offer fixed interest terms and amortizations up to thirty years.

For more information on CFI Group, visit http://www.corpfinance.ca.

For more information, please contact:

Joshua Orzech
GCI Group
416-486-5923
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