MONTREAL, Dec. 17, 2012 /CNW Telbec/ - O'Leary Funds Management LP, the
manager and trustee (the "Manager") of O'Leary Canadian Income
Opportunities Fund 2 ("OCH") and O'Leary Canadian High Income Fund
("OCY" and together with OCH, the "Funds") is pleased to announce that
the merger (the "Merger") of OCH into OCY was completed, on December
14, 2012 on a tax-deferred basis.
In addition, pursuant to the Merger, unitholders of OCH, the terminating
fund, will receive one series Y unit of OCY in exchange for each unit
of OCH (exchange ratio of 1:1), which they held on December 14, 2012.
Pursuant to the Merger, all of the assets of OCH were transferred to
OCY and consequently OCH will be wound up and terminated.
Important information for non-residents: unitholder accounts which are
deemed to be non-resident of a Canadian province are not allowed to
hold units of OCY and, accordingly, will be redeemed.
O'Leary Funds Management LP is a Canadian investment fund manager of
mutual funds and closed-end funds striving to provide Canadian
investors with reliable and strategic income solutions. Based on our
value-yield investment philosophy, Canadian and global investment
opportunities are identified through a disciplined investment process.
Our core principles, Income, Capital Appreciation and Capital
Preservation, are driven by each portfolios investment objectives. Our
portfolios are diversified by sector, region and asset class. For more
details about O'Leary Funds, visit www.olearyfunds.com.
SOURCE: O'Leary Funds Management LP
For further information:
For media inquiries or additional information, please contact Louise Anne Poirier, Investor Relations at firstname.lastname@example.org or at 877-849-2004 or 514-849-1056.