O'Leary Canadian Income Opportunities Fund 2 announces additional Exchange Eligible Issuers
MONTREAL, Nov. 18 /CNW/ - O'Leary Funds Management LP (the "Manager") announces that in connection with the exchange option with respect to the offering of units ("Units") of the O'Leary Canadian Income Opportunities Fund 2 (the "Fund") the following issuers have been added to the list of Exchange Eligible Issuers.
The table below sets out the additional Exchange Eligible Issuers, the securities of which may be deposited pursuant to the Exchange Option including the name of the Exchange Eligible Issuer, its ticker symbol, its CUSIP number and its ISIN.
Income Trusts & Common Equity
|BROOKFIELD ASSET MANAGEMENT INC.||BAM.PR.P||112585120||CA1125851206|
|BROOKFIELD PROPERTIES CORP||BPO.PR.L||112900857||CA1129008571|
|CAMECO CORP||CCO CN||13321L108||CA13321L1085|
|SUPERIOR PLUS CORP||SPBCN 5.75 30/06/2017||86828PAD5||CA86828PAD56|
|CONNACHER OIL AND GAS LTD||CLLCN 4.75 30/06/2012||20588YAA1||CA20588YAA16|
|DATA GROUP INCOME FUND||DGICN 6 30/06/2017||23768UAB3||CA23768UAB31|
The Fund was created to invest in an actively-managed portfolio comprised primarily of publicly-traded securities of issuers domiciled in Canada providing investors with both income and potential for capital appreciation. The Fund's investment objectives are to (i) maximize total return for holders of Units ("Unitholders"), consisting of distributions, interest and dividend income and capital appreciation; and (ii) to initially provide Unitholders with monthly distributions targeted to be $0.08 per Unit ($0.96 per annum representing an annual cash distribution of 8% based on the $12.00 per Unit issue price).
The Fund is an investment trust governed by the laws of the Province of Ontario which proposes to issue Units at a price of $12.00 per Unit. Prospective purchasers may purchase Units either by cash payment or in exchange for income trust units, dividend-paying equity securities and preferred shares of the exchange eligible issuers listed in the preliminary prospectus or in this press release. Prospective purchasers under the exchange option are required to deposit their securities prior to 5:00 p.m. on November 25, 2010. CDS Participants may have an earlier deadline for receiving instructions concerning such deposits.
On or before December 14, 2012, the Fund will become an open-end mutual fund, the Units of the Fund will be delisted and the Units will become redeemable at their net asset value per Unit on a daily basis.
The syndicate of agents is co-led by CIBC and RBC Capital Markets and includes National Bank Financial Inc., Scotia Capital Inc., Macquarie Private Wealth Inc., Canaccord Genuity Corp., Raymond James Ltd., Wellington West Capital Markets Inc., Dundee Securities Corporation, GMP Securities L.P., HSBC Securities (Canada) Inc., MGI Securities Inc., Desjardins Securities Inc., Mackie Research Capital Corporation and Manulife Securities Incorporated (collectively, the "Agents").
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 they relate to the Fund. The forward-looking statements are not historical facts but reflect the Manager'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 the Manager 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. The Manager undertakes no 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.
A preliminary prospectus dated October 27, 2010 containing important information relating to these securities has been filed with securities commissions or similar authorities in certain jurisdictions of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from any of the Agents. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.
All capitalized terms noted herein but not defined are as per the preliminary prospectus dated October 27, 2010.For further information:
for media inquiries or additional information: please contact O'Leary Funds at firstname.lastname@example.org or at 1-877-849-2004 x226