Turner Investments, L.P. , the investment adviser to the Turner Funds, today announced that it has entered into an agreement to facilitate the merger of Turner with an affiliate of Veracen, LP.

Turner also announced today that the Board of Trustees (the "Board") of the Funds approved a new investment advisory agreement (the "New Advisory Agreement") between the Funds and Turner, subject to shareholder approval and other conditions.

The Board also nominated a new slate of trustees (the "Trustee Nominees") for election by the shareholders of the Funds. The merger is not conditioned on the approval of Funds' shareholders. Subsequent to the closing of the merger, Turner will continue to manage the Funds pursuant to an interim advisory agreement until the receipt of shareholder approval of the New Advisory Agreement.

The Board will call a special meeting of shareholders of the Funds to be held within 150 days of closing of the merger. The special meeting is to seek approval of the New Advisory Agreement and to elect the Trustee Nominees. The Funds will not bear any of the costs or expenses associated with the preparation of the proxy statement or the solicitation of stockholder votes.

Turner Investments is an employee-owned firm founded in 1990 by Robert E. Turner, which is dedicated solely to the investment advisory business. The firm is a quality-based fundamental equity manager with a disciplined, team-oriented investment process. Turner maintains a firm-wide commitment to fundamental research and growth investment strategies. For Fund shareholder-related questions, please contact Turner at 484.329.2300. You may also visit http://www.turnerinvestments.com for more information about Turner and its products and services.