O'Leary Funds Management LP provides information on the impact of the Federal Budget

MONTREAL, March 26, 2013 /CNW Telbec/ - O'Leary Funds Management LP, the manager and trustee (the "Manager") of the O'Leary family of funds (the "Funds") is currently reviewing the measures of the federal budget, announced on March 21, 2013, which would affect certain tax benefits gained by taxable unitholders of investment funds using forward purchase and sale agreements to obtain exposure to an underlying reference portfolio.

Based on its review to date, the Manager believes that the Funds' current structure will be unaffected by the budget proposals until the expiration date of their respective forward agreement:

Name of Fund Expiration Date of Forward Agreement
Yield Advantaged Convertible Debenture Fund  February 28, 2014
O'Leary US Strategic Yield Advantaged Fund May 16, 2016
Floating Rate Income Fund July 19, 2016
O'Leary Strategic Yield Advantaged Class December 24, 2014
O'Leary Global Bond Yield Advantaged Fund June 23, 2015

The Manager awaits further guidance from the Federal Government on the implementation of the budget proposals and will provide additional details as necessary.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to the future outlook of the Funds and anticipated distributions, events or results and may include statements regarding the future financial performance of the Funds. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information.

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 info@olearyfunds.com or at 877-849-2004 or 514-849-1056.

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O'Leary Funds Management LP

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