TORONTO, June 3, 2011 /CNW/ - Sprott Asset Management LP ("Sprott") is
pleased to announce that the Sprott Strategic Fixed Income Fund (the
"Fund") has filed a preliminary prospectus in connection with its
offering of trust units. Receipt for the preliminary prospectus has
been issued by the securities commissions and regulatory authorities in
each of the provinces and territories of Canada.
The Fund has been created to provide exposure, on a tax-advantaged
basis, to an actively managed portfolio comprised of long and short
positions in fixed income securities from across the globe.
Investment Objective of the Fund
The Fund's investment objective is to maximize absolute total returns
with lower volatility relative to traditional, long only bond funds and
to provide monthly, tax-advantaged distributions for investors.
Fixed Income Expertise
The Fund will be managed by a seasoned fixed income team led by Scott
Colbourne, a four time Morningstar award winner. Scott has over 23
years of fixed income and currency investment experience. Michael
Craig, Portfolio Manager, and Ben Chim, Credit Strategist are also part
of the team.
Agents The offering is being made through a syndicate of agents led by RBC
Capital Markets, CIBC World Markets Inc. and TD Securities Inc., and
including BMO Capital Markets, National Bank Financial Inc., Canaccord
Genuity Corp., Dundee Securities Corporation, HSBC Securities (Canada)
Inc., Scotia Capital Inc., GMP Securities LP, Wellington West Capital
Markets Inc., Desjardins Securities Inc., Macquarie Private Wealth Inc.
and Manulife Securities Incorporated.
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 that they relate to the Fund. The
forward-looking statements are not historical facts but reflect
Sprott'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 Sprott 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. Sprott does
not undertake any 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.
A PRELIMINARY PROSPECTUS CONTAINING IMPORTANT INFORMATION RELATING TO
THESE SECURITIES HAS BEEN FILED WITH SECURITIES COMMISSIONS OR SIMILAR
AUTHORITIES IN ALL THE PROVINCES AND TERRITORIES OF CANADA. THE
PRELIMINARY PROSPECTUS IS STILL SUBJECT TO COMPLETION OR AMENDMENT.
COPIES OF THE PRELIMINARY PROSPECTUS MAY BE OBTAINED FROM ONE OTH
DEALERS NOTED ABOVE. THERE WILL NOT BE ANY SALE OR ANY ACCEPTANCE OF AN
OFFER TO BUY THE SECURITES UNTIAL A RECEIPT FOR THE FINAL PROSPECTUS
HAS BEEN ISSUED.
SOURCE Sprott Asset Management LP
For further information:
on Sprott Asset Management LP please visit www.sprott.com or contact us at (416) 362-7172 or (866) 299-9906 or firstname.lastname@example.org