O'Leary U.S. Strategic Yield Advantaged Fund files final prospectus for a maximum of $150,000,000 (Class A Units) and of U.S. $150,000,000 (Class U Units)

MONTREAL, April 29 /CNW/ - O'Leary Funds Management LP (the "Manager") is pleased to announce that a final prospectus for the initial public offering of the O'Leary U.S. Strategic Yield Advantaged Fund (the "Fund") has been filed with, and a receipt therefor has been issued by, the securities regulatory authorities in each of the provinces of Canada. The offering is scheduled to close on May 20, 2011.

The Fund is an investment trust governed by the laws of the Province of Ontario which proposes to issue transferable class A units ("Class A Units") and class U units (the "Class U Units" and collectively with the Class A Units, the "Units") of the Fund at a price of $12.00 per Class A Unit and U.S. $12.00 per Class U Unit. The Class U Units are designed for investors wishing to make their investment in U.S. dollars.

The Fund has been created to provide holders of units ("Unitholders") with exposure primarily to securities of U.S. domiciled issuers having market capitalizations of at least U.S. $1 billion, including dividend-paying equity securities, convertible debt securities, publicly-traded corporate bonds and floating-rate debt securities, including non-investment grade securities. The Fund's investment objectives are: (i) to provide Unitholders with monthly tax-advantaged distributions consisting initially primarily of returns of capital; (ii) to maximize total return for Unitholders; and (iii) to preserve capital.

The Manager has retained Stanton Asset Management Inc. (the "Portfolio Advisor") to provide investment advisory services to the Fund. The Portfolio Advisor is a Canadian investment firm focused on global investment opportunities, and is also the manager of a variety of specialized funds.

The syndicate of agents is led by CIBC and includes RBC Capital Markets, BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Macquarie Private Wealth Inc., Wellington West Capital Markets Inc., Canaccord Genuity Corp., GMP Securities L.P., HSBC Securities (Canada) Inc., Raymond James Ltd., Dundee Securities Ltd., Mackie Research Capital Corporation, Manulife Securities Incorporated and MGI Securities Inc. (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.

This offering is only made by a prospectus dated April 28, 2011. The prospectus contains important information relating to these securities. Copies of the prospectus may be obtained from any of the Agents. Investors should read the prospectus before making an investment decision.

All capital terms noted herein but not defined are as per the prospectus dated April 28, 2011.

SOURCE O'Leary U.S. Strategic Yield Advantaged Fund

For further information:

for media inquiries or additional information: please contact O'Leary Funds at info@olearyfunds.com or at 1-877-849-2004 x226

Profil de l'entreprise

O'Leary U.S. Strategic Yield Advantaged Fund

Renseignements sur cet organisme


Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .


Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.


Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.