O'Leary Funds Management LP announces unitholder approval of merger proposal
MONTREAL, Oct. 31, 2012 /CNW Telbec/ - O'Leary Funds Management LP, the manager and trustee (the "Manager") of O'Leary Hard Asset Income Fund (TSX: OHA.un) (the "Hard Asset Fund") and O'Leary Global Infrastructure Yield Fund (the "Infrastructure Fund") announced today that unitholders of the Hard Asset Fund and the Infrastructure Fund passed resolutions at special meetings of each fund, held today, approving the merger of the Hard Asset Fund into the Infrastructure Fund (the "Merger"). Subject to regulatory approval, the Merger is expected to become effective on or about November 1, 2012.
Details of the proposal are outlined in a joint information circular that was sent to unitholders of the Hard Asset Fund and the Infrastructure Fund in connection with the special meetings held today.
O'Leary Funds Management LP is a Canadian investment fund manager of mutual funds and closed-end funds striving to provide Canadian investors with reliable and unique income solutions. Focused on our value-yield investment philosophy, Canadian and global investment opportunities are identified through a disciplined investment process. Our core principles, Income, Capital Appreciation and Capital Preservation, are driven by each portfolios investment objectives. Our portfolios are diversified by sector, region and asset class. For more details about O'Leary Funds, visit www.olearyfunds.com.
SOURCE: O'Leary Funds Management LPFor further information:
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