MONTREAL, May 21 /CNW Telbec/ - On May 19, 2010, the date of the commencement of the take-over bid launched by Boralex Inc. for the purchase of all outstanding trust units (the "Units") of Boralex Power Income Fund (TSX: BPT) (the "Issuer"), the aggregate number of securities of the Issuer held by certain funds managed by O'Leary Funds Management LP, who has been a long-term investor in the Issuer was 2,426,400 Units, representing approximately 5.36% of the issued and outstanding Units of the Issuer as of the opening of the markets on May 19, 2010.
O'Leary Canadian Equity Income Fund ("OCZ") and O'Leary Canadian Income Opportunities Income Fund ("OCY") (OCY, together with OCZ, the "Funds") announce that on May 19, 2010, they acquired in aggregate 142,800 Units of the Issuer through the TSX Exchange. The aggregate number of securities of the Issuer held by the Funds and its joint actors after this acquisition is 2,569,200 Units, which represents approximately 5.67% of the issued and outstanding Units of the Issuer. The Funds' joint actors are O'Leary Global Infrastructure Fund ("OGN"), O'Leary Founder's Series Income & Growth Fund ("OFS") and O'Leary Strategic Yield Fund ("OSY"). OCZ holds 913,800 Units, OCY holds 1,215,800 Units, OGN holds 239,000 Units, OFS holds 175,000 Units and OSY holds 25,600 Units.
The Units of the Issuer were acquired for investment purposes.
The Funds and their joint actors may acquire additional securities of the Issuer, but they may also continue to hold their present position or dispose of their securities.
This press release is being issued in order to comply with the disclosure requirements under applicable securities legislation. This press release is not an admission that the Funds own or control any described securities or are joint actors with anyone else.
SOURCE O'Leary Funds Management LP
For further information: For further information: Louise Anne Poirier, Chief Financial Officer, O'Leary Funds Management Inc., (514) 849-2007, ext 225, firstname.lastname@example.org