TORONTO, July 29 /CNW/ - O'Leary Global Equity Income Fund (TSX:
OGE.un/OGE.wt) (the "Fund") announces an expected monthly distribution amount
for the following twelve months commencing August 31, 2009 of $0.05 per Trust
Unit ($0.60 per annum). This monthly distribution amount remains the same as
the monthly distribution paid by the Fund since its inception.
The Fund was created to invest primarily in global income-generating
equity securities. The Fund will permit investors to capitalize on the
knowledge and capabilities of Stanton Asset Management Inc. ("Stanton") and
SavTrev, Inc. who continue to work together to identify global investments
providing income and value, plus capital appreciation potential. Stanton
believes that a value investing approach provides investors with the
opportunity for attractive total returns while diversifying risk, a theme
espoused by Mr. Kevin O'Leary on regular television appearances. Stanton
continues to believe that the current market environment has created
opportunities to invest in high quality securities that have both attractive
levels of income and capital appreciation potential.The Fund's investment objectives are:
(a) to provide holders of Trust Units with monthly distributions
currently targeted to be $0.05 per Trust Unit ($0.60 per annum); and
(b) to provide long-term capital appreciation.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 O'Leary Funds Management LP'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 O'Leary Funds Management LP 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. O'Leary Funds Management LP 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.
For further information: Investor Relations for O'Leary Funds at (877)
849-2004 x226 or info@olearyfunds.com or visit www.olearyfunds.com
