MONTREAL, June 6, 2011 /CNW Telbec/ - O'Leary Funds Management LP, the
manager and trustee (the "Manager") of O'Leary Strategic Yield Fund
(the "Fund") announces that in order to clarify its investment mandate,
the Fund has changed its investment objectives effective May 9, 2011.
The new investment objectives of the Fund are "to invest in an actively
managed portfolio primarily comprised of publicly-traded corporate
bonds, preferred securities, convertible debt securities and
dividend-paying common equity securities of mid and large-cap Canadian
and global issuers, providing investors with both income and potential
for capital appreciation." The change in investment objectives was
approved by the sole unitholder of the Fund. The previous investment
objectives of the Fund were "to provide a steady flow of income by
investing primarily in dividend-paying equity securities. Preservation
of capital is an important factor in the selection of portfolio
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