Copernican British Banks Fund: Copernican British Banks Fund-January 2008

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BURLINGTON, ONTARIO (MARKET WIRE) Copernican British Banks Fund (TSX: CBB.UN) (the "Fund") today announced that in accordance with its declaration of trust, it will continue to suspend payment of monthly distributions on its Trust Units in order to protect the Fund's Net Asset Value and to preserve its ability to rebuild and meet its investment objectives in the long term.

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