MONTREAL, Dec. 5, 2012 /CNW Telbec/ - O'Leary Funds Management LP, the
manager and trustee (the "Manager") of O'Leary Canadian Income
Opportunities Fund (TSX: OCH.un) (the "Opportunities Fund") and O'Leary
Canadian High Income Fund (the "High Income Fund") announces details
about the merger of the Opportunities Fund and the High Income Fund on
or about December 14, 2012 (the "Merger"), subject to regulatory
the Opportunities Fund will terminate and the High Income Fund will
the trust units of the Opportunities Fund will be exchanged for series Y
units of the High Income Fund;
the trust units of the Opportunities Fund will be delisted from
the Toronto Stock Exchange at the close of business on December 14,
the trust units of the Opportunities Fund will become redeemable at
their net asset value per trust unit on a daily basis;
the prospectus relating to the Opportunities Fund's establishes that
following December 14, 2012, the management fees, including the trailer
fees, for the Opportunities Fund would change to 1.95%. As a result,
the management fees for series Y units of the High Income Fund are set
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 the High Income Fund 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 Canadian High Income Fund
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.