Burlington, Ontario--(Newsfile Corp. - March 9, 2026) - Portland Investment Counsel Inc. ("Portland") announced today a change to the risk ratings of Portland Life Sciences Alternative Fund and Portland Replacement of Fossil Fuels Alternative Fund (the "Funds"). The changes are effective immediately and details are included in the following table:
| Fund | Previous Risk Rating | New Risk Rating |
| Portland Life Sciences Alternative Fund | Medium | Medium to High |
| Portland Replacement of Fossil Fuels Alternative Fund | Medium to High | High |
Portland determines the risk rating for the Funds in accordance with the methodology required by the Canadian securities regulators. The changes are a result of Portland's annual review of the investment risk level of the Funds. There are no changes to the investment objectives or strategies of the Funds.
The changes will be reflected in an amendment to the Funds' Simplified Prospectus and in the annual renewal of the Fund Facts for 2026, which will be filed with Canadian securities regulators.
For further information, on Portland and the Funds, please visit www.portlandic.com or contact Client Services at 1-888-710-4242, option #1, or email at clientservices@portlandic.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/287764
Source: Portland Investment Counsel Inc.