Criterion International Equity Fund Announces Meeting of Unitholders

Criterion Investments Inc. ("Criterion"), the Manager and Trustee of Criterion International Equity Fund ("International Equity"), announces that a meeting of the unitholders of International Equity Fund will be held on Monday, December 7, 2009. If required, an adjourned meeting will be held on Thursday, December 17, 2009. Unitholders of record on October 30, 2009 will be entitled to receive notice of and vote at the meeting. The Notice and Management Information Circular which details the matters to be considered at the meeting will be mailed to unitholders on or about November 16, 2009, and will also be available on www.sedar.com after mailing.

At the special meeting, unitholders will be asked to approve the merger of International Equity into Criterion Global Dividend Fund ("Global Dividend"). Criterion believes that the proposed merger is in the best interests of the unitholders of International Equity. Global Dividend is a larger, open-end mutual fund, which would result in enhanced liquidity, cost synergies and the opportunity for improved long term performance. If approved, the merger will be implemented on the basis of the relative net asset values of International Equity and Global Dividend as at the close of business on the day prior to the merger date.

If unitholders approve the proposed merger, Criterion anticipates completing the merger on or about December 23, 2009, subject to receipt of all required third party approvals.

About Criterion Global Dividend Fund

Criterion Global Dividend Fund is an open-end investment trust established under the laws of the Province of Ontario. Global Dividend is a global equity fund which invests in a portfolio of companies within the Return and Income Strategy Index managed by Merrill Lynch International, pursuant to a license agreement with Merrill Lynch, Pierce, Fenner & Smith (UK) Limited.

SOURCE: Criterion Investments Inc.

Criterion Investments Inc.
Rohit Mehta
(416) 642-5988 or 1-888-642-5998
www.criterioninvestments.com

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