Strategic Income Allocation Fund Files Final Prospectus

TORONTO, Feb. 29, 2012 /CNW/ - Strategic Income Allocation Fund (the "Fund") announces that it has filed a final prospectus dated February 27, 2012, with the securities regulatory authorities of all of the Canadian provinces and territories for an initial public offering of transferable trust units (the "Units") of the Fund at $10.00 per Unit.

The Fund's investment objectives are to provide holders of Units with (i) maximized total returns, and (ii) monthly tax-advantaged distributions. The Fund will seek to achieve these investment objectives through exposure by virtue of a forward purchase and sale agreement to an actively managed diversified portfolio comprised primarily of income generating North American fixed income investments, including high yield bonds, investment grade bonds, senior loans and convertible debt held by SIA Trust (the "Portfolio Trust").  Aston Hill Asset Management Inc. has been retained to provide investment advisory and portfolio management services to the Fund and Portfolio Trust.  The Fund will be managed by Propel Capital Corporation.

The distributions are initially targeted to be 6.5% per annum on the subscription price of $10.00 per Unit ($0.05417 per Unit per month or $0.65 per annum). The Fund will not have a fixed distribution amount but intends to at least annually set periodic distribution targets.

The syndicate of agents for this offering is being led by CIBC, and RBC Capital Markets, and includes GMP Securities L.P., TD Securities Inc., BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., Canaccord Genuity Corp., Macquarie Private Wealth Inc., Raymond James Ltd., Desjardins Securities Inc., Dundee Securities Ltd, Mackie Research Capital Corporation and Manulife Securities Incorporated.

This offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from one of the above-noted agents. Investors should read the prospectus before making an investment decision.

SOURCE Strategic Income Allocation Fund

For further information:

Please call Raj Lala, President, Propel Capital at 416-572-2364 or visit

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Strategic Income Allocation Fund

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