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TORONTO, Feb. 3, 2012 /CNW/ - Marret Asset Management Inc. is pleased to
announce that Marret High Yield Strategies Fund (TSX: MHY.UN) (the
"Fund") has filed a preliminary short form prospectus in each of the
provinces of Canada and the territory of Yukon with respect to an
additional offering of units of the Fund.
The Fund seeks to achieve the following investment objectives: (i) to
maximize total returns for unitholders consisting of both
tax-advantaged distributions and capital appreciation, while reducing
risk; and (ii) to provide unitholders with attractive monthly
tax-advantaged cash distributions.
The syndicate of agents for the offering is led by RBC Capital Markets
and includes CIBC, GMP Securities L.P., TD Securities Inc., BMO Capital
Markets, National Bank Financial Inc., Scotia Capital Inc., Canaccord
Genuity Corp., Macquarie Private Wealth Inc. and Raymond James Ltd.
A preliminary prospectus containing important information relating to
the units has been filed with securities commissions or similar
authorities in all provinces of Canada and the territory of Yukon. The
preliminary prospectus is still subject to completion or amendment.
Copies of the preliminary prospectus may be obtained from your
registered financial advisor. There will not be any sale or any
acceptance of an offer to buy the units until a receipt for the final
prospectus has been issued.
The securities offered have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in
the United States absent registration or an applicable exemption from
the registration requirements. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy nor shall there
be any sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
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
These forward-looking statements are made as of the date of this press
SOURCE Marret High Yield Strategies Fund
For further information:
Marret Asset Management Inc.: (416) 214-5800; www.marret.ca