O'Leary BRIC-Plus Income & Growth Fund files Preliminary Prospectus
The Fund's investment objectives are: (i) to maximize total return for holders of trust units ("Unitholders"), consisting of distributions, interest and dividend income and capitalized appreciation; and (ii) to provide Unitholders with monthly distributions initially targeted to be
The Fund has been created to invest globally primarily in publicly-traded dividend-paying equity securities, preferred shares, convertible debt securities and corporate bonds of issuers having market capitalizations of at least
The Manager has appointed Stanton Asset Management Inc. ("Stanton") to provide investment advisory services to the Fund. Stanton will work with Savtrev, Inc. to identify securities providing income and the potential for capital appreciation.
The Fund is an investment trust governed by the laws of the Province of Ontario which proposes to issue units (the "Units") of the Fund (the "Offering") at a price of
Each Warrant entitles the holder to purchase one Trust Unit at a subscription price of
The syndicate of agents is co-led by CIBC World Markets Inc. and RBC Capital Markets and includes BMO Nesbitt Burns Inc., Scotia Capital Inc., National Bank Financial Inc., Canaccord Adams, HSBC Securities (
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.
A preliminary prospectus dated
All capital terms noted herein but not defined are as per the preliminary prospectus dated
For further information: For media inquires or additional information: please contact Alexander Price at O'Leary Funds at [email protected] or at (877) 849-2004x226; or for additional information: please contact your IDA registered financial advisor
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