Marret Multi-Strategy Income Fund Announces Voting Results of Special Meeting of Unitholders

Underlying Portfolios to be Rebalanced March 1, 2012

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, Feb. 10, 2012 /CNW/ - A special meeting of holders of Class A units and Class F units (the "Unitholders") of Marret Multi-Strategy Income Fund (TSX: MMF.UN) (the "Fund") was held today at which Unitholders approved a resolution permitting Marret Asset Management Inc. (the "Manager") to allocate the Fund's exposure among the underlying portfolios held by Marret MSIF Trust (the "Underlying Portfolios") in the Manager's discretion and without regard to equal weighting, all as more particularly set out in the Fund's information circular dated January 11, 2012 (the "Circular").

As a result of the approval of the resolution, the Manager intends to rebalance the Underlying Portfolios on or about March 1, 2012 as follows:

Underlying Portfolio

Rebalanced
Allocated Percentage
   
Marret High Yield Hedge Portfolio 32.5%
Marret Investment Grade Hedge Portfolio 32.5%
East Coast Performance Portfolio 15.0%
WARATAH Income Portfolio 10.0%
RCM Special Situations Portfolio 10.0%
   
Total 100%
   

About Marret Asset Management Inc.:

Marret Asset Management Inc. is an employee-owned firm based in Toronto and has over $6 billion of assets under management. Marret and its experienced team of investment professionals led by Barry Allan specialize exclusively in fixed income and, particularly, in high yield debt strategies. Barry Allan, the President and Chief Investment Officer, founded Marret in 2000, following a career at Altamira, Nesbitt Thomson and a Canadian chartered bank. Mr. Allan has over 25 years of experience in credit and fixed income markets.

This press release contains forward-looking statements and information within the meaning of applicable securities legislation. Forward-looking statements can be identified by the expressions "seeks", "expects", "believes", "estimates", "will", "target" and similar expressions. The forward-looking statements are not historical facts but reflect the Marret Asset Management Inc.'s current expectations regarding future results or events and are based on information currently available to Management. Certain material factors and assumptions were applied in providing these forward-looking statements. All forward-looking statements in this press release are qualified by these cautionary statements.

Management believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions; however, Management can give no assurance that the actual results or developments will be realized. 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, including the matters discussed under "Risks Factors" in the Fund's current Annual Information Form. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. Marret Asset Management Inc. and the Fund undertake no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances except as required by securities laws.

These forward-looking statements are made as of the date of this press release.

SOURCE Marret Multi-Strategy Income Fund

For further information:

For a copy of the Circular, or for further information, please contact Marret Asset Management Inc. at (416) 214-5800 or visit www.marret.com

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Marret Multi-Strategy Income Fund

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