O'Leary Global Income Opportunities Fund files $150,000,000 maximum final prospectus



    TORONTO, Feb. 2 /CNW/ - O'Leary Funds Management is pleased to announce
that a final prospectus for the initial public offering of the O'Leary Global
Income Opportunities Fund (the "Fund") has been filed with, and a receipt
therefore issued by, the securities regulatory authorities in each of the
provinces of Canada. The offering is expected to close on or about February
27, 2009.
    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 March 31, 2010 (the "Warrant Expiry Time"). Warrants not exercised by
the Warrant Expiry Time will be void and of no value.
    The Fund has been created to invest globally primarily in publicly-traded
investment grade corporate bonds, convertible debt securities, preferred
shares and dividend-paying equity securities of issuers having market
capitalizations of at least $1 billion. Stanton Asset Management Inc.
("Stanton" or the "Portfolio Advisor") believes that current market and
economic conditions, for investing in corporate bonds and convertible debt
securities as well as preferred shares and dividend-paying equities, are
attractive for investors seeking a diversified source of total return and
income.
    The Fund will permit investors to capitalize on the knowledge and
capabilities of Stanton and Savtrev, Inc. ("O'Leary") who will work together
to identify securities providing income and the potential for capital
appreciation. The Portfolio Advisor and O'Leary believe that a portfolio of
corporate bonds, convertible debt securities, preferred shares and
dividend-paying equities, diversified by region, by country and by sector will
provide investors with the opportunity to earn attractive total returns and
income, while diversifying risk.

    
    The Fund's investment objectives are:

     (i)  to maximize total return for holders of Trust Units
          ("Unitholders"), consisting of interest and dividend income and
          capital appreciation; and

     (ii) to provide Unitholders with monthly distributions initially
          targeted to be $0.06 per Trust Unit ($0.72 per annum representing
          an annual cash distribution of 6.0% based on the $12.00 per Unit
          issue price).
    

    The syndicate of agents is co-led by CIBC World Markets Inc., RBC Capital
Markets and includes BMO Capital Markets, Scotia Capital Inc., National Bank
Financial Inc., Blackmont Capital Inc., Wellington West Capital Inc.,
Canaccord Capital Corporation, Dundee Securities Corporation, HSBC Securities
(Canada) Inc. and Raymond James Ltd.

    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.

    This offering is only made by a prospectus dated January 29, 2009. The
prospectus contains important information relating to these securities. Copies
of the prospectus may be obtained from any of the Agents. Investors should
read the prospectus before making an investment decision.

    All capitalized terms noted herein but not defined are as per the
prospectus dated January 29, 2009.





For further information:

For further information: For media inquiries: please contact: Brett
Berman, Executive Director, O'Leary Funds Management LP at
bberman@stantonasset.com or at (416) 464-9422; For additional information:
please contact your IDA registered financial advisor or Alexander Price at
O'Leary Funds Management LP at olearyglobal@olearyfunds.com or at
1-877-849-2004 x226

Organization Profile

O'LEARY GLOBAL INCOME OPPORTUNITIES FUND

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