Canadian Convertibles Income Plus Fund Announces Exercise of Over-Allotment Option

TORONTO, April 5 /CNW/ - Canadian Convertibles Income Plus Fund (the "Fund") announces that the Fund's syndicate of agents for its initial public offering has exercised its over-allotment option and acquired an additional 530,000 Units of the Fund.  In total, the Fund issued 10,280,000 Units pursuant to its initial public offering, for gross proceeds of $102,800,000. The Units are listed on the Toronto Stock Exchange under the symbol CCI.UN.

The syndicate of agents for this offering was co-led by BMO Capital Markets, CIBC and RBC Capital Markets, and includes National Bank Financial Inc., GMP Securities L.P.,  Scotia Capital Inc., HSBC Securities (Canada) Inc., Wellington West Capital Markets Inc., Desjardins Securities Inc., Macquarie Private Wealth Inc., Dundee Securities Ltd., Laurentian Bank Securities Inc. and Manulife Securities Incorporated.

SOURCE Canadian Convertibles Income Plus Fund

For further information:

please call Raj Lala, President, Propel Capital at 416-572-2364 or visit  www.propelcapital.ca

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Canadian Convertibles Income Plus Fund

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