Citizens Advisers’ SRI Fund Business to Be Purchased By Sentinel

Sentinel Investments, the investment management arm of National Life Group, and Citizens Advisers, Inc., the investment adviser to Citizens Funds, have agreed that Sentinel will acquire substantially all of Citizens’ socially responsible mutual fund advisory business.

The transaction proposes that each of Citizens’ eight funds, with more than $800 million in assets under management, be reorganized into new or existing Sentinel funds, a news release said. Sentinel Investments will launch two new socially responsible investing (SRI) funds – Sentinel Responsible Investing (SRI) Core Opportunities Fund, a large-cap offering, and Sentinel Responsible Investing (SRI) Emerging Companies Fund, which will focus on mid-cap growth stocks.

The new funds will adopt Citizens’ social screening process and proxy voting guidelines, according to the announcement.

The transaction, which the companies said seeks to provide investors with improved economies of scale and enhanced service capabilities, is subject to the approval of Citizens Funds’ shareholders and is scheduled to occur in the first quarter of 2008.

For more complete information about Citizens Funds, please call 1.800.223.7010. For more complete information about Sentinel Funds, please call 1.800.232.FUND or visit the firm’s Web site: