O'Leary Strategic Yield Class and O'Leary Founder's Series Income & Growth Fund are renamed - announces O'Leary Funds Management LP

MONTREAL, Jan. 31 /CNW Telbec/ - O'Leary Funds Management LP ("O'Leary Funds") renames two mutual funds, effective January 25, 2011. The two renamed funds are O'Leary Strategic Yield Advantaged Class (previously O'Leary Strategic Yield Class) and O'Leary Strategic Yield Plus Fund (previously O'Leary Founder's Series Income & Growth Fund).

"The O'Leary Strategic Yield mutual funds seek to provide investors with monthly distributions currently targeted at 6% generated by investments in value/yield equities of Canadian and global mid-cap and large-cap issuers, as well as convertible bonds and high yield corporate bonds of global issuers " said Connor O'Brien, Chief Investment Officer of Stanton Asset Management Inc., the portfolio advisor to the funds. Both portfolios are actively managed by Stanton's investment team providing investors with access to diversified value/yield investments in Canada and the US, as well as other global markets, while seeking to hedge most foreign currency exposure. Both funds pay monthly distributions:

1- The O'Leary Strategic Yield Advantaged Class targets a tax advantaged annual yield of 6% on series A shares (based on a $10 issue price); and

2- The O'Leary Strategic Yield Plus Fund targets an annual yield of 6.5% on Founder's series units effective February 1, 2011 (based on a $12 issue price).

"I am very pleased with the performance of my investment in the O'Leary Strategic Yield mutual funds", said Kevin O'Leary, Chairman of O'Leary Funds.

SOURCE O'LEARY FUNDS MANAGEMENT LP

For further information:

For further information: media inquiries or additional information, please contact Investor Relations at info@olearyfunds.com or at 877-849-2004 x226. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

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