O'Leary Funds Management LP announces the addition of a low load sales charge option (DSC) to its O'Leary Funds effective mid January 2011

MONTREAL, Jan. 6 /CNW Telbec/ - O'Leary Funds Management LP (the "Manager") announced the filing of an Amended and Restated Simplified Prospectus (the "Prospectus") and Amended and Restated Annual Information Form for O'Leary Funds, dated December 29, 2010. The Prospectus details the offering of a low load sales charge option for the following nine funds:

O'Leary Canadian Equity Yield Fund;
O'Leary Canadian Balanced Yield Fund;
O'Leary Canadian Bond Yield Fund;
O'Leary Founder's Series Income & Growth Fund;
O'Leary Global Equity Yield Fund;
O'Leary Global Yield Opportunities Fund;
O'Leary Global Bond Yield Fund;
O'Leary Global Infrastructure Yield Fund; and
O'Leary Strategic Yield Class.
(hereinafter the "Funds")

Certain series of the Funds will be eligible to be purchased under either the front end sales charge or, effective mid January 2011, the low load sales charge. The choice of purchase option affects the sales charges that the investor, or the Manager, will pay to an investor's dealer. Investors choosing the low load option will pay no sales charge to their dealer when investing in units or shares of a Fund. The Manager will pay the sales charge directly to the relevant dealer. Investors that sell their units or shares in a Fund within three years will be subject to a redemption charge.

The redemption fee starts at 3.0% during the first 18 months and decreases thereafter. If the investors hold their units or shares for more than three years (i.e., they sell them after the beginning of the fourth year), they will pay no redemption fee. For more information on the low load option and the redemption fee schedule, please refer to the Prospectus.

SOURCE O'LEARY FUNDS MANAGEMENT LP

For further information:

for media inquiries or additional information, please contact Investor Relations at info@olearyfunds.com or at 877-849-2004 x226

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O'LEARY FUNDS MANAGEMENT LP

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