TORONTO, Sept. 21, 2012 /CNW/ - Canadian Convertibles Plus Fund (TSX: CCI.UN) (the "Fund") announces
that it has filed a short form prospectus dated September 21, 2012 with
the securities regulatory authorities of all of the Canadian provinces
and territories with respect to an additional offering of a maximum of
5,624,296 Units of the Fund at $8.89 per unit. Closing of the offering
is expected to occur on September 28, 2012. The Fund has announced a
distribution of $0.15625 per unit for the quarter ending September 30,
2012. The distribution will be paid on or before October 15, 2012 to
holders of Units ("Unitholders") of record on September 30, 2012,
consequently investors purchasing Units pursuant to this short form
prospectus will be entitled to such distribution.
The Fund has exposure to an actively managed diversified portfolio (the
"Portfolio") comprised primarily of convertible debentures of Canadian
issuers. The Fund is managed by Propel Capital Corporation ("Propel").
The Fund's portfolio manager is Fiera Capital Corporation (formerly
Fiera Sceptre Inc.) ("Fiera").
The Fund's investment objectives are to provide Unitholders with:
i. quarterly tax-advantaged distributions;
ii. preservation of capital; and
iii. the opportunity for capital appreciation.
Propel is responsible for creating, structuring, managing and promoting
the Fund and the Portfolio Trust. Propel has retained Fiera to provide
portfolio management services to the Fund and Portfolio Trust. Fiera is
one of the largest independent money managers in Canada with over $54
billion in assets under management as at June 30, 2012, including over
$30 billion in fixed income assets.
The syndicate of agents for this offering is being led by CIBC, BMO
Capital Markets and RBC Capital Markets, and includes GMP Securities
L.P., National Bank Financial Inc., Scotiabank, TD Securities Inc.,
Desjardins Securities Inc., Raymond James Ltd., Canaccord Genuity
Corp., Dundee Securities Ltd., Macquarie Private Wealth Inc. and
Manulife Securities Incorporated.
This offering is only made by prospectus. The prospectus contains
important detailed information about the Units being offered. Copies of
the prospectus may be obtained from one of the dealers noted above.
Investors should read the prospectus before making an investment
SOURCE: Canadian Convertibles Plus Fund
For further information:
please call Raj Lala, President, Propel Capital at 416-572-2364 or visit www.propelcapital.ca