O'Leary Canadian Income Opportunities Fund announces additions to list of Exchange Eligible Issuers



    TORONTO, April 20 /CNW/ - O'Leary Funds Management LP (the "Manager") is
pleased to announce that O'Leary Canadian Income Opportunities Fund (the
"Fund") has added the securities of certain issuers to the list of issuers
("Exchange Eligible Issuers") whose securities will be accepted by the Fund in
exchange for units of the Fund pursuant to the Fund's exchange option (the
"Exchange Option") described in its Preliminary Prospectus dated April 3,
2009. The following list sets forth the Exchange Eligible Issuers whose
securities the Fund would be willing to accept, including CUSIP number and
ticker symbol as amended by such additions.

    
                           DIVIDEND PAYING EQUITIES

    Name                           CUSIP      ISIN          Symbol

    BANK OF MONTREAL               063671101  CA0636711016  BMO CN
    BANK OF NOVA SCOTIA            064149107  CA0641491075  BNS CN
    BCE INC                        05534B760  CA05534B7604  BCE CN
    BFI CANADA LTD                 05540R106  CA05540R1064  BFC CN
    BIOVAIL CORPORATION            09067J109  CA09067J1093  BVF CN
    BROOKFIELD PROPERTIES CORP     112900105  CA1129001055  BPO CN
    CAN IMPERIAL BK OF COMMERCE    136069101  CA1360691010  CM CN
    EMERA INC                      290876101  CA2908761018  EMA CN
    FIRST CAPITAL REALTY INC       31943B100  CA31943B1004  FCR CN
    GREAT-WEST LIFECO INC          39138C106  CA39138C1068  GWO CN
    IGM FINANCIAL INC              449586106  CA4495861060  IGM CN
    MANITOBA TELECOM SVCS INC      563486109  CA5634861093  MBT CN
    MANULIFE FINANCIAL CORP        56501R106  CA56501R1064  MFC CN
    METHANEX CORP                  59151K108  CA59151K1084  MX CN
    NATIONAL BANK OF CANADA        633067103  CA6330671034  NA CN
    NEWALTA INC                    65020P103  CA65020P1036  NAL CN
    POWER CORP OF CANADA           739239101  CA7392391016  POW CN
    POWER FINANCIAL CORP           73927C100  CA73927C1005  PWF CN
    ROYAL BANK OF CANADA           780087102  CA7800871021  RY CN
    SUN LIFE FINANCIAL INC         866796105  CA8667961053  SLF CN
    SUPERIOR PLUS CORP             86828P103  CA86828P1036  SPB CN
    TELUS CORP                     87971M103  CA87971M1032  T CN
    TORONTO-DOMINION BANK          891160509  CA8911605092  TD CN
    TRANSALTA CORP                 89346D107  CA89346D1078  TA CN
    TRANSCANADA CORP               89353D107  CA89353D1078  TRP CN
    TRINIDAD DRILLING LTD          896356102  CA8963561029  TDG CN


                               PREFERRED SHARES
                                                                    Local
                              Security                              Exchange
    Issuer                    Description  CUSIP      ISIN          Symbol

    BCE INC                   BCE 4.953    05534B851  CA05534B8511  BCE.PR.Y
    BCE INC                   BCE 4.844    05534B869  CA05534B8693  BCE.PR.S
    BCE INC                   BCE 4.35     05534B737  CA05534B7372  BCE.PR.G
    BCE INC                   BCE 4.331    05534B828  CA05534B8289  BCE.PR.Z
    BCE INC                   BCE 4.502    05534B810  CA05534B8107  BCE.PR.T
    BCE INC                   BCE 4.4      05534B745  CA05534B7455  BCE.PR.F
    BCE INC                   BCE 5.54     05534B786  CA05534B7869  BCE.PR.C
    BCE INC                   BCE 4.65     05534B711  CA05534B7117  BCE.PR.I
    BCE INC                   BCE 6.174    05534B703  CA05534B7034  BCE.PR.R
    BCE INC                   BCE 4.8      05534B794  CA05534B7943  BCE.PR.A
    BOMBARDIER INC            BBD 2 1/2    097751507  CA0977515075  BBD.PR.B
    BOMBARDIER INC            BBD 5.476    097751606  CA0977516065  BBD.PR.D
    BOMBARDIER INC            BBD 6 1/4    097751705  CA0977517055  BBD.PR.C
    BROOKFIELD ASSET MGMNT    BAM 4 3/4    112585823  CA1125858235  BAM.PR.N
    BROOKFIELD ASSET MGMT     BAM 1 3/4    112585872  CA1125858722  BAM.PR.K
    BROOKFIELD ASSET MGMT     BAM 4 3/4    112585831  CA1125858318  BAM.PR.M
    BROOKFIELD ASSETS MGMNT   BAM 1 3/4    112585203  CA1125852030  BAM.PR.B
    BROOKFIELD ASSETS MGMNT   BAM 1 3/4    112585401  CA1125854010  BAM.PR.C
    BROOKFIELD ASSETS MGMNT   BAM 5.63     112585609  CA1125856098  BAM.PR.G
    BROOKFIELD PROPERTIES     BPOCN 5 1/4  112900709  CA1129007094  BPO.PR.U
    BROOKFIELD PROPERTIES     BPOCN 5.2    112900865  CA1129008654  BPO.PR.K
    BROOKFIELD PROPERTIES     BPOCN 5 3/4  112900808  CA1129008084  BPO.PR.H
    BROOKFIELD PROPERTIES     BPOCN 5      112900873  CA1129008738  BPO.PR.J
    BROOKFIELD PROPERTIES     BPOCN 6      112900600  CA1129006005  BPO.PR.F
    CANADA LIFE FINL CORP     GWOCN 6 1/4  135113306  CA1351133063  CL.PR.B
    DUNDEE BANCORP INC        DBCCN 5      264901604  CA2649016045  DC.PR.A
    DUNDEEWEALTH INC          DWCN 4 3/4   265312405  CA2653124057  DW.PR.A
    E-L FINANCIAL             ELF 4 3/4    26857Q408  CA26857Q4088  ELF.PR.G
    E-L FINANCIAL CORP LTD    ELF 5.3      26857Q309  CA26857Q3098  ELF.PR.F
    EPCOR POWER EQUITY LTD    EPUCN 4.85   29413R209  CA29413R2090  EPP.PR.A
    FIRSTSERVICE CORPORATION  FSV 7        33761N208  CA33761N2086  FSV.PR.U
    GEORGE WESTON LTD         WN 4 3/4     961148848  CA9611488482  WN.PR.E
    GEORGE WESTON LTD         WN 5.2       961148863  CA9611488631  WN.PR.C
    GEORGE WESTON LTD         WN 5.2       961148855  CA9611488557  WN.PR.D
    GREAT-WEST LIFECO INC     GWOCN 4 1/2  39138C866  CA39138C8667  GWO.PR.I
    GREAT-WEST LIFECO INC     GWOCN 4.85   39138C874  CA39138C8741  GWO.PR.H
    GREAT-WEST LIFECO INC     GWOCN 5.2    39138C882  CA39138C8824  GWO.PR.G
    GREAT-WEST LIFECO INC     GWOCN 5.9    39138C809  CA39138C8097  GWO.PR.F
    INDUSTRIAL ALLIANCE       IAGCN 4.6    455871301  CA4558713018  IAG.PR.A
    INDUSTRIAL ALLIANCE       IAGCN 6.2    455870402  CA4558704025  IAG.PR.C
    NEXEN INC                 NXY 7.35     65334H508  CA65334H5087  NXYpB
    Oil Sands Split Trust     OSTCN 8 1/2  67788Q208  CA67788Q2080  OST.PR.A
    POWER CORPORATION CANADA  POW 5        739239861  CA7392398615  POW.PR.D
    POWER CORPORATION CANADA  POW 5.35     739239804  CA7392398045  POW.PR.B
    POWER CORPORATION CANADA  POW 5.6      739239887  CA7392398870  POW.PR.A
    POWER CORPORATION CANADA  POW 5.8      739239879  CA7392398797  POW.PR.C
    POWER FINANCIAL CORP      PWF 4.95     73927C837  CA73927C8372  PWF.PR.K
    POWER FINANCIAL CORP      PWF 5.1      73927C829  CA73927C8299  PWF.PR.L
    POWER FINANCIAL CORP      PWF 5 1/2    73927C803  CA73927C8034  PWF.PR.E
    POWER FINANCIAL CORP      PWF 5 3/4    73927C860  CA73927C8604  PWF.PR.H
    POWER FINANCIAL CORP      PWF 5.9      73927C878  CA73927C8786  PWF.PR.G
    POWER FINANCIAL CORP      PWF 6        73927C845  CA73927C8455  PWF.PR.I
    SUN LIFE FINANCIAL INC    SLFCN 4.45   866796402  CA8667964024  SLF.PR.C
    SUN LIFE FINANCIAL INC    SLFCN 4 1/2  866796600  CA8667966003  SLF.PR.E
    SUN LIFE FINANCIAL INC    SLFCN 4.45   866796501  CA8667965013  SLF.PR.D
    SUN LIFE FINANCIAL INC    SLFCN 4 3/4  866796204  CA8667962044  SLF.PR.A
    SUN LIFE FINANCIAL INC    SLFCN 4.8    866796303  CA8667963034  SLF.PR.B
    YPG HOLDINGS INC          YLOUCN 5     984246306  CA9842463064  YPG.PR.B
    YPG HOLDINGS INC          YLOUCN 4 1/4 984246207  CA9842462074  YPG.PR.A


                                INCOME TRUSTS

    Name                           CUSIP      ISIN          Symbol

    ADVANTAGE ENERGY INCOME FUND   00762L101  CA00762L1013  AVN-U CN
    AG GROWTH INCOME FUND          001174101  CA0011741018  AFN-U CN
    ALGONQUIN POWER INC FUND-UTS   015910102  CA0159101025  APF-U CN
    ALLIED PROPERTIES REAL ESTAT   019456102  CA0194561027  AP-U CN
    ALTAGAS INCOME TRUST           021360102  CA0213601028  ALA-U CN
    ARC ENERGY TRUST-UNITS         001986108  CA0019861081  AET-U CN
    ARMTEC INFRASTRUCTURE INCOME   041900101  CA0419001015  ARF-U CN
    ARTIS REAL ESTATE INVESTMENT   04315L105  CA04315L1058  AX-U CN
    ATLANTIC POWER CORP-IPS        04878Q400  CA04878Q4007  ATP-U CN
    AVENIR DIVERSIFIED INCOME TR   05356Q200  CA05356Q2009  AVF-U CN
    BADGER INCOME FUND             05651Q103  CA05651Q1037  BAD-U CN
    BAYTEX ENERGY TRUST-UNITS      073176109  CA0731761098  BTE-U CN
    BELL ALIANT REGIONAL COMMUNI   07786J103  CA07786J1030  BA-U CN
    BIRD CONSTRUCTION INCOME FUN   090762105  CA0907621050  BDT-U CN
    BOARDWALK REAL ESTATE INVEST   096631106  CA0966311064  BEI-U CN
    BONAVISTA ENERGY TRUST         098536105  CA0985361058  BNP-U CN
    BORALEX POWER INCOME-UNIT      09951T106  CA09951T1066  BPT-U CN
    BOSTON PIZZA ROYALTIES-UNITS   101084101  CA1010841015  BPF-U CN
    CALLOWAY REAL ESTATE INVESTM   131253205  CA1312532056  CWT-U CN
    CAN APARTMENT PROP REAL ESTA   134921105  CA1349211054  CAR-U CN
    CAN REAL ESTATE INVEST TRUST   13650J104  CA13650J1049  REF-U CN
    CANADIAN OIL SANDS TRUST       13642L100  CA13642L1004  COS-U CN
    CATHEDRAL ENERGY SRVCS INCOM   14917H105  CA14917H1055  CET-U CN
    CHARTWELL SENIORS HOUSING RE   16140U100  CA16140U1003  CSH-U CN
    CHEMTRADE LOGISTICS INCOM FD   16387P103  CA16387P1036  CHE-U CN
    CINEPLEX GALAXY INCOME FUND    172453102  CA1724531027  CGX-U CN
    CML HEALTHCARE INCOME FUND     12582P105  CA12582P1053  CLC-U CN
    COLABOR INCOME FUND            192668101  CA1926681018  CLB-U CN
    COMINAR REAL ESTATE INV-TR U   199910100  CA1999101001  CUF-U CN
    CONSUMERS' WATERHEATER INCOM   210724100  CA2107241002  CWI-U CN
    CONTRANS INCOME FUND           212337109  CA2123371098  CSS-U CN
    CRESCENT POINT ENERGY TRUST    225908102  CA2259081024  CPG-U CN
    CROMBIE REAL ESTATE INVESTME   227107109  CA2271071094  CRR-U CN
    DAVIS + HENDERSON INCOME FND   239058100  CA2390581007  DHF-U CN
    DAYLIGHT RE

SOURCES TRUST 239600109 CA2396001091 DAY-U CN DUNDEE REAL ESTATE INVESTMEN 265270207 CA2652702077 D-U CN ENBRIDGE INCOME FUND 29251D106 CA29251D1069 ENF-U CN ENERFLEX SYSTEMS INCOME FUND 29268J104 CA29268J1049 EFX-U CN ENERGY SAVINGS INCOME FUND 292717105 CA2927171058 SIF-U CN ENERPLUS RE

SOURCES FUND 29274D604 CA29274D6046 ERF-U CN EXCHANGE INDUSTRIAL INCOME F 301285102 CA3012851026 EIF-U CN EXTENDICARE REAL ESTATE INVE 302251103 CA3022511032 EXE-U CN FIRST NATIONAL FINANCIAL INC 321135105 CA3211351059 FN-U CN FREEHOLD ROYALTY TRUST UTS 355904103 CA3559041031 FRU-U CN FUTUREMED HEALTHCARE INCOME 36116H107 CA36116H1073 FMD-U CN GENIVAR INCOME FUND 372301101 CA3723011019 GNV-U CN GREAT LAKES HYDRO INCOME FND 390631109 CA3906311095 GLH-U CN H&R REAL ESTATE INV-REIT UTS 404428203 CA4044282032 HR-U CN HARVEST ENERGY TRUST-UNITS 41752X101 CA41752X1015 HTE-U CN HOME EQUITY INCOME TRUST 43708B100 CA43708B1004 HEQ-U CN IBI INCOME FUND 449213107 CA4492131079 IBG-U CN INNERGEX POWER INCOME FUND 45771K107 CA45771K1075 IEF-U CN INNVEST REAL ESTATE INVESTME 45771T108 CA45771T1084 INN-U CN INTER PIPELINE FUND LP-A 45833P102 CA45833P1027 IPL-U CN JAZZ AIR INCOME FUND 47214X100 CA47214X1006 JAZ-U CN KEYERA FACILITIES INCOME FD 493272108 CA4932721083 KEY-U CN LABRADOR IRON ORE ROYALTY TR 504904103 CA5049041034 LIF-U CN LIQUOR STORES INCOME FUND 536345200 CA5363452007 LIQ-U CN LIVINGSTON INTERNATIONAL-UTS 538672106 CA5386721065 LIV-U CN MACQUARIE POWER & INFRASTRUC 556084101 CA5560841010 MPT-U CN MEDICAL FACILITIES CORP-IPS 58457V206 CA58457V2066 DR-U CN MORGUARD REAL ESTATE-TR UTS 617914106 CA6179141065 MRT-U CN MORNEAU SOBECO INCOME FUND 61767T101 CA61767T1012 MSI-U CN MULLEN GROUP INCOME FUND 625281100 CA6252811006 MTL-U CN NAL OIL & GAS TRUST-UTS 628949109 CA6289491095 NAE-U CN NEW FLYER INDUSTRIES INC-IDS 64438R306 CA64438R3062 NFI-U CN NORANDA INCOME FUND 655432102 CA6554321027 NIF-U CN NORTH WEST COMPANY FUND 662906106 CA6629061061 NWF-U CN NORTHERN PROPERTY REAL ESTAT 665624102 CA6656241024 NPR-U CN NORTHLAND POWER INCOME TR UT 666910104 CA6669101041 NPI-U CN PARAMOUNT ENERGY TRUST 699219101 CA6992191016 PMT-U CN PARKLAND INCOME FUND 70137Q101 CA70137Q1019 PKI-U CN PEMBINA PIPELINE INC-TR UTS 706329109 CA7063291099 PIF-U CN PENGROWTH ENERGY TRUST 706902509 CA7069025095 PGF-U CN PENN WEST ENERGY TRUST 707885109 CA7078851093 PWT-U CN PEYTO ENERGY TRUST 717045108 CA7170451081 PEY-U CN PHOENIX TECHNOLOGY INCOME FU 71915R105 CA71915R1055 PHX-U CN PIZZA PIZZA ROYALTY INCOME F 725852107 CA7258521078 PZA-U CN PRECISION DRILLING TRUST 740215108 CA7402151087 PD-U CN PREMIUM BRANDS INCOME FUND 74060L105 CA74060L1058 PBI-U CN PRIMARIS RETAIL REAL ESTATE 74157U109 CA74157U1093 PMZ-U CN PROVIDENT ENERGY TRUST-UTS 74386K104 CA74386K1049 PVE-U CN RIOCAN REAL ESTATE INVST TR 766910103 CA7669101031 REI-U CN ROGERS SUGAR INC FD-TR UTS 774910103 CA7749101035 RSI-U CN STUDENT TRANS OF AMERICA-IPS 86387Y206 CA86387Y2069 STB-U CN TIMBERWEST FOREST CRP- STP U 887147205 CA8871472053 TWF-U CN TOTAL ENERGY SERVICES TRUST 891503104 CA8915031048 TOT-U CN TRILOGY ENERGY TRUST 89619Y101 CA89619Y1016 TET-U CN VERMILION ENERGY TRUST 923728109 CA9237281097 VET-U CN VICWEST INCOME FUND 92647T102 CA92647T1021 VIC-U CN WAJAX INCOME FUND 930787106 CA9307871066 WJX-U CN WESTSHORE TERMINALS INC FD 960911105 CA9609111054 WTE-U CN YELLOW PAGES INCOME FUND 985569102 CA9855691023 YLO-U CN ZARGON ENERGY TRUST 989132105 CA9891321056 ZAR-U CN CONVERTIBLE BONDS Convertible Bond Issuer (Ticker/Coupon/Maturity) CUSIP ISIN Symbol ADDAX PETROLEUM CORP AXCCN 3 3/4 05/31/12 EG4434528 XS0300957585 AXC CN ADVANTAGE ENERGY INCOME AVNUCN 8 3/4 06/30/09 00762LAH4 CA00762LAH48 AVN-U CN ADVANTAGE ENERGY INCOME AVNUCN 6 1/2 06/30/10 00762LAF8 CA00762LAF81 AVN-U CN ADVANTAGE ENERGY INCOME AVNUCN 7 3/4 12/01/11 00762LAE1 CA00762LAE17 AVN-U CN ADVANTAGE ENERGY INCOME AVNUCN 8 12/31/11 00762LAJ0 CA00762LAJ04 AVN-U CN ADVANTAGE ENERGY INCOME AVNUCN 7 1/2 10/01/09 00762LAD3 CA00762LAD34 AVN-U CN ALGONQUIN POWER INC FUND ALGPWR 6.2 11/30/16 015910AB8 CA015910AB89 APF-U CN ALGONQUIN POWER INC FUND ALGPWR 6.65 07/31/11 015910AA0 CA015910AA07 APF-U CN ARTIS REAL ESTATE AXCN 7 3/4 08/04/10 04315LAA3 CA04315LAA31 AX-U CN ARTIS REAL ESTATE AXCN 6 1/4 05/31/13 04315LAC9 CA04315LAC96 AX-U CN ARTIS REAL ESTATE AXCN 7 1/2 11/09/10 960196AB9 CA960196AB99 AX-U CN ATLANTIC POWER CORP ATPCN 6 1/4 10/31/11 04878QAH6 CA04878QAH61 ATP-U CN BAYTEX ENERGY LTD BTE 6 1/2 12/31/10 073176AA7 CA073176AA70 BTE-U CN BONAVISTA ENERGY TRUST BNPUCN 6 3/4 06/30/10 098536AB1 CA098536AB14 BNP-U CN BONAVISTA ENERGY TRUST BNPUCN 7 1/2 06/30/09 098536AA3 CA098536AA31 BNP-U CN CALLOWAY REIT CWTCN 6.65 06/30/13 131253AD8 CA131253AD87 CWT-U CN CALLOWAY REIT CWTCN 6 06/30/14 131253AA4 CA131253AA49 CWT-U CN CHARTWELL SR HSNG REIT CSH 6 12/01/11 16140UAA8 CA16140UAA84 CSH-U CN CHARTWELL SR HSNG REIT CSH 5.9 05/01/12 16140UAB6 CA16140UAB67 CSH-U CN CINEPLEX GALAXY INC FUND CGXCN 6 12/31/12 172453AA0 CA172453AA09 CGX-U CN COLABOR INCOME FUND CLBCN 7 12/31/11 192668AA9 CA192668AA99 CLB-U CN COMINAR REIT CUFCN 5.8 09/30/14 199910AD2 CA199910AD22 CUF-U CN COMINAR REIT CUFCN 5.7 06/30/14 199910AB6 CA199910AB65 CUF-U CN COMINAR REIT CUFCN 6.3 06/30/14 199910AA8 CA199910AA82 CUF-U CN CROMBIE REAL ESTATE INVE CRRCN 7 03/20/13 227107AA7 CA227107AA76 CRR-U CN DAYLIGHT RE

SOURCES TRUST DAYCN 10 12/31/13 239600AE9 CA239600AE95 DAY-U CN DAYLIGHT RE

SOURCES TRUST DAYCN 8 1/2 12/01/09 239600AA7 CA239600AA73 DAY-U CN DAYLIGHT RE

SOURCES TRUST DAYCN 8 1/2 10/31/12 239600AB5 CA239600AB56 DAY-U CN DUNDEE REIT DNDEE 6 12/31/14 265270AD0 CA265270AD09 D-U CN DUNDEE REIT DNDEE 5.7 03/31/15 265270AB4 CA265270AB43 D-U CN DUNDEE REIT DNDEE 6 1/2 06/30/14 265270AA6 CA265270AA69 D-U CN EXTENDICARE REAL EASTATE EXECN 5.7 06/30/14 302251AA1 CA302251AA14 EXE-U CN EXTENDICARE REAL EASTATE EXECN 7 1/4 06/30/13 302251AB9 CA302251AB96 EXE-U CN FAIRBORNE ENERGY LTD FELCN 6 1/2 12/31/11 303623AA0 CA303623AA05 FEL CN FIRST CAPITAL REALTY INC FCRCN 5 1/2 09/30/17 31943BAH3 CA31943BAH39 FCR CN FORT CHICAGO ENER PARTNR FCEUCN 6 3/4 12/31/10 346921AB5 CA346921AB51 FCE-U CN H&R REAL ESTATE INVESTME HRCN 6.65 06/30/13 403925AA8 CA403925AA81 HR-U CN HARVEST ENERGY TRUST HTECN 7 1/4 09/30/13 41752XAH4 CA41752XAH40 HTE-U CN HARVEST ENERGY TRUST HTECN 6.4 10/31/12 41752XAF8 CA41752XAF83 HTE-U CN HARVEST ENERGY TRUST HTECN 6 1/2 12/31/10 41752XAD3 CA41752XAD36 HTE-U CN HARVEST ENERGY TRUST HTECN 7 1/2 05/31/15 41752XAK7 CA41752XAK78 HTE-U CN HARVEST ENERGY TRUST HTECN 7 1/4 02/28/14 41752XAJ0 CA41752XAJ06 HTE-U CN HARVEST ENERGY TRUST HTECN 8 09/30/09 41752XAB7 CA41752XAB79 HTE-U CN HARVEST ENERGY TRUST HTECN 9 05/31/09 41752XAA9 CA41752XAA96 HTE-U CN INNVEST REAL ESTATE INV INNUCN 5.85 08/01/14 45771TAE8 CA45771TAE88 INN-U CN INNVEST REAL ESTATE INV INNUCN 6 1/4 04/15/11 45771TAB4 CA45771TAB40 INN-U CN INNVEST REAL ESTATE INV INNUCN 6 05/31/13 45771TAD0 CA45771TAD06 INN-U CN KEYERA FACILITIES INCOME KEYU 8 1/4 12/31/13 493272AB4 CA493272AB49 KEY-U CN KEYERA FACILITIES INCOME KEYU 6 3/4 06/30/11 493272AA6 CA493272AA65 KEY-U CN LIQUOR STORES INCOME LIQCN 6 3/4 12/31/12 536345AA9 CA536345AA98 LIQ-U CN MACQUARIE POWER & INFRAS MPTUCN 6 3/4 12/31/10 556084AA9 CA556084AA91 MPT-U CN NAL OIL & GAS TRUST NAEUCN 6 3/4 08/31/12 628949AA7 CA628949AA77 NAE-U CN NORTHLAND POWER INC FUND NORPOW 6 1/2 06/30/11 666910AA2 CA666910AA23 NPI-U CN PARAMOUNT ENERGY TRUST PMTCN 6 1/4 06/30/10 699219AC5 CA699219AC53 PMT-U CN PARAMOUNT ENERGY TRUST PMTCN 8 09/30/09 699219AA9 CA699219AA97 PMT-U CN PARAMOUNT ENERGY TRUST PMTCN 6 1/4 04/30/11 699219AE1 CA699219AE10 PMT-U CN PARAMOUNT ENERGY TRUST PMTCN 6 1/2 06/30/12 699219AF8 CA699219AF84 PMT-U CN PEMBINA PIPELINE INCOME PIFCN 7.35 12/31/10 706329AC3 CA706329AC38 PIF-U CN PENGROWTH ENERGY TRUST PGFUCN 6 1/2 12/31/10 706902AA1 CA706902AA19 PGF-U CN PENN WEST ENERGY TRUST PWTUCN 8 06/30/10 707885AA7 CA707885AA75 PWT-U CN PENN WEST ENERGY TRUST PWTUCN 7.2 05/31/11 707885AB5 CA707885AB58 PWT-U CN PENN WEST ENERGY TRUST PWTUCN 6 1/2 12/31/11 707885AF6 CA707885AF62 PWT-U CN PENN WEST ENERGY TRUST PWTUCN 6 1/2 07/31/10 707885AE9 CA707885AE97 PWT-U CN PENN WEST ENERGY TRUST PWTUCN 8 08/31/09 707885AD1 CA707885AD15 PWT-U CN PRIMARIS RETAIL REIT PMZCN 6 3/4 06/30/14 74157UAA7 CA74157UAA75 PMZ-U CN PRIMARIS RETAIL REIT PMZCN 5.85 08/01/14 74157UAC3 CA74157UAC32 PMZ-U CN PRISZM INCOME FUND QSRCN 6 1/2 06/30/12 74270LAA9 CA74270LAA94 NPI-U CN PROGRESS ENERGY RE

SOURCE PRQCN 6 1/4 09/30/11 74326YAB3 CA74326YAB35 PRQ CN PROGRESS ENERGY RE

SOURCE PRQCN 6 3/4 06/30/10 74326YAA5 CA74326YAA51 PRQ CN PROVIDENT ENERGY TRUST PVEUCN 6 1/2 04/30/11 74386KAE4 CA74386KAE43 PVE-U CN PROVIDENT ENERGY TRUST PVEUCN 6 1/2 08/31/12 74386KAD6 CA74386KAD69 PVE-U CN PROVIDENT ENERGY TRUST PVEUCN 8 07/31/09 74386KAC8 CA74386KAC86 PVE-U CN ROGERS SUGAR INCOME FUND RSICN 5.9 06/29/13 774910AE3 CA774910AE39 RSI-U CN ROGERS SUGAR INCOME FUND RSICN 6 06/29/12 774910AC7 CA774910AC72 RSI-U CN SUPERIOR PLUS CORP SPBCN 5.85 10/31/15 86828PAB9 CA86828PAB90 SPB CN SUPERIOR PLUS CORP SPBCN 5 3/4 12/31/12 86828PAA1 CA86828PAA18 SPB CN URANIUM ONE INC UUUCN 4 1/4 12/31/11 91701PAA3 CA91701PAA36 UUU CN YPG HOLDINGS INC YLOUCN 5 1/2 08/01/11 984246AC2 CA984246AC23 YLO-U CN As set forth in the Preliminary Prospectus, the number of Units issuable in exchange for the securities of an Exchange Eligible Issuer (the "Exchange Ratio") deposited by a prospective purchaser pursuant to the Exchange Option will be determined for (i) income trusts and dividend-paying equity securities by dividing the volume weighted average trading price of such securities on the Toronto Stock Exchange (the "TSX") during the five consecutive trading days ending on April 24, 2009 (the "Pricing Period"), as adjusted to reflect distributions declared by any Exchange Eligible Issuer that will not be received by the Fund, by $12.00 and (ii) for convertible bonds, for each $1,000 principal amount of convertible bonds, by dividing the volume weighted average trading price for such principal amount of convertible bonds on the TSX during the Pricing Period, plus accrued interest and calculated in accordance with market practice, to, but not including, the Closing Date (as defined herein), by $12.00. The final prospectus of the Fund will contain the Exchange Ratio for the securities of each Exchange Eligible Issuer. Prospective purchasers intending to utilize the Exchange Option must deposit the securities of the Exchange Eligible Issuer with Computershare Investor Services Inc. through CDS Clearing and Depository Services Inc. by 5:00 p.m. on April 24, 2009. Brokers and dealers may have an earlier deadline for accepting instructions to effect a deposit. The Fund's investment objectives are: 1. to maximize total return for holders of Trust Units ("Unitholders"), consisting of interest and dividend income and capital appreciation; and 2. to provide Unitholders with monthly distributions initially targeted to be $0.09 per Trust Unit ($1.08 per annum representing an annual cash distribution of 9.0% based on the $12.00 per Unit issue price). The Fund has been created to invest in an actively managed portfolio comprised primarily of publicly-traded securities of mid and large-cap issuers domiciled in Canada providing investors with both income and potential for capital appreciation. The Fund will invest primarily in corporate bonds, convertible debt securities, preferred shares, as well as income trust units and dividend-paying equity securities of such issuers. The Manager has appointed Stanton Asset Management Inc. ("Stanton") to provide investment advisory services to the Fund. Stanton will work with Savtrev Inc. ("O'Leary") 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 $12.00 per Unit. Each Unit consists of one transferable trust unit ("Trust Unit") and one Trust Unit purchase warrant ("Warrant"). The Units will separate into Trust Units and Warrants upon the earlier of the closing of the Over-Allotment Option and the 30th day following the closing of the Offering. Each Warrant entitles the holder to purchase one Trust Unit at a subscription price of $12.00 on or before 5:00 p.m. (Toronto time) on November 30, 2010 (the "Warrant Expiry Time"). Warrants not exercised by the Warrant Expiry Time will be void and of no value. The syndicate of agents is co-led by CIBC World Markets Inc. and RBC Capital Markets and includes BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., Blackmont Capital Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Canaccord Capital Corporation, Dundee Securities Corporation and Wellington West Capital Markets Inc. 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 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 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 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. A preliminary prospectus dated April 3, 2009 containing important information relating to these securities has been filed with securities commissions or similar authorities in certain jurisdictions of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from any of the Agents. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued. All capitalized terms noted herein but not defined are as per the preliminary prospectus dated April 3, 2009.

For further information:

For further information: For media inquiries or additional information: 
please contact Alexander Price at O'Leary Funds at aprice@olearyfunds.com or
at 877-849-2004x226; or for additional information: please contact your IDA
registered financial advisor

Organization Profile

O'LEARY CANADIAN INCOME OPPORTUNITIES FUND

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