TORONTO, Dec. 21 /CNW/ - O'Leary Funds Management LP, the manager of O'Leary Global Infrastructure Fund (TSX: OGN.un/OGN.wt) (the "Fund"), is pleased to announce an expected monthly distribution amount for the following twelve months commencing January 31, 2010 of $0.06 per class A trust unit ("Trust Unit") of the Fund ($0.72 per annum). This monthly distribution amount remains the same as the monthly distribution paid by the Fund since its inception.
The Fund has been created to invest globally in: (i) publicly traded equity and debt securities issued by infrastructure issuers with market capitalizations of at least $1 billion; and (ii) investments in equity and debt securities of private issuers having infrastructure assets or operations. The Fund will permit investors to capitalize on the knowledge and capabilities of Stanton Asset Management Inc. (the "Portfolio Advisor") and Savtrev Inc. ("O'Leary") who will work together to identify global infrastructure investments providing income and the potential for capital appreciation. The Portfolio Advisor and O'Leary believe that a balanced portfolio of global infrastructure securities will provide investors with the opportunity to earn attractive income and total returns, while diversifying risk.
The Fund's investment objectives are to:
(a) 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% based on the $12.00 per Class A Combined Unit
issue price); and
(b) provide long-term capital appreciation through investments in a
sector positively correlated to inflation.
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.
SOURCE O'LEARY GLOBAL INFRASTRUCTURE FUND
For further information: For further information: please contact Investor Relations for O'Leary Funds at (877) 849-2004 x226 or firstname.lastname@example.org or visit www.olearyfunds.com