O'Leary Funds Management LP announces that O'Leary Strategic Yield Fund has changed its investment objective

MONTREAL, June 6, 2011 /CNW Telbec/ - O'Leary Funds Management LP, the manager and trustee (the "Manager") of O'Leary Strategic Yield Fund (the "Fund") announces that in order to clarify its investment mandate, the Fund has changed its investment objectives effective May 9, 2011. The new investment objectives of the Fund are "to invest in an actively managed portfolio primarily comprised of publicly-traded corporate bonds, preferred securities, convertible debt securities and dividend-paying common equity securities of mid and large-cap Canadian and global issuers, providing investors with both income and potential for capital appreciation." The change in investment objectives was approved by the sole unitholder of the Fund. The previous investment objectives of the Fund were "to provide a steady flow of income by investing primarily in dividend-paying equity securities. Preservation of capital is an important factor in the selection of portfolio investments."

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For media inquiries or additional information, please contact Investor Relations at info@olearyfunds.com or at 877-849-2004 x226.

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O'LEARY FUNDS MANAGEMENT LP

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