Sprott Strategic Fixed Income Fund Appoints Equity Financial Trust Company as Trustee

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TORONTO, Jan. 30, 2013 /CNW/ - Sprott Asset Management LP ("Sprott") is pleased to announce the appointment of Equity Financial Trust Company as the trustee of Sprott Strategic Fixed Income Fund (the "Fund") and SFIF Trust, both managed by Sprott.  The appointment will be effective as of March 1, 2013.

The Fund has been created to provide exposure, on a tax advantaged basis, to an actively managed portfolio (the "Portfolio") comprised primarily of long and short positions in fixed income securities from across the globe.

About Sprott Asset Management LP

Sprott Asset Management LP (www.sprott.com), one of Canada's leading investment firms based in Toronto and a wholly owned subsidiary of Sprott Inc. (www.sprottinc.com), is a fund company dedicated to achieving superior returns for its investors over time. Sprott currently manages over $8 billion in assets divided among mutual funds, hedge funds, publicly traded companies and structured vehicles.

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions ''expect,'' ''intend,'' "will" and similar expressions to the extent that they relate to the Fund. The forward-looking statements are not historical facts but reflect Sprott's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although Sprott believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Sprott does not undertake any obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

SOURCE: Sprott Strategic Fixed Income Fund

For further information:

on the Fund:
Telephone: (416) 943-6707
Toll Free: 1 (866) 299-9906
Email: invest@sprott.com