Strategic Income Allocation Fund Files Preliminary Prospectus

TORONTO, Jan. 26, 2012 /CNW/ - Strategic Income Allocation Fund (the "Fund") announces that it has filed a preliminary prospectus dated January 25, 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 ("Propel").

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.

A preliminary prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from one of the agents noted above. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

SOURCE Strategic Income Allocation Fund

For further information:

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

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Strategic Income Allocation Fund

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