NexC Partners Corp. Files Final Prospectus

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TORONTO, Jan. 31, 2013 /CNW/ - NexC Partners Corp. (the "Company") is pleased to announce that it has filed a final prospectus dated January 28, 2013 with the securities regulatory authorities of all of the Canadian provinces and territories for an initial public offering (the "Offering") of Class A non-voting shares and Class F non-voting shares at a price of $10.00 per share.

The Company will be managed by Purpose Investments Inc. ("Purpose") founded and controlled by Som Seif. The Company's investment objectives are to provide holders of shares with: (i) long-term capital appreciation through investment in a high quality portfolio of North American dividend-paying equity securities and an investment in Purpose; and (ii) quarterly cash distributions.

Purpose is a new Canadian investment management company established by Som Seif, founder and former CEO of Claymore Investments, Inc. Purpose will be focused on managing low fee, intelligent investment products for Canadian institutional and retail investors and is committed to enabling all investors to have access to great investment products at reasonable fees. Through innovative product development and carefully considered investment strategies, Purpose's investment products will be managed with prudence, a long-term perspective and the goal of providing returns that add value relative to broad market benchmark indices.

The Offering is being made on a best efforts agency basis in each of the provinces and territories of Canada through a syndicate of investment dealers co-led by TD Securities Inc., CIBC and RBC Capital Markets and including BMO Capital Markets, Canaccord Genuity Corp., GMP Securities L.P., National Bank Financial Inc., Scotiabank, Macquarie Private Wealth Inc., Raymond James Ltd., Desjardins Securities Inc., Dundee Securities Ltd., Manulife Securities Incorporated and Rothenberg Capital Management Inc.

A final prospectus containing important information relating to these securities has been filed with the securities commissions or similar authorities in each of the provinces and territories of Canada. Copies of the final prospectus may be obtained from one of the agents noted above. Investors should read the final prospectus before making an investment decision.

SOURCE: NexC Partners Corp.

For further information:

Som Seif
President & CEO
Purpose Investments Inc.
416-583-3850

Dan Rubin
Vice President, Marketing
Purpose Investments Inc.
416-583-3853
danr@purposeinvest.com