OCP Credit Funds Announce Estimated Quarterly Distributions


TORONTO, Dec. 19, 2016 /CNW/ - Onex Credit Partners, LLC announces the following estimated regular distributions ("Estimated Regular Distributions") and estimated special distributions (if any) ("Estimated Special Distributions") for the year ending December 31, 2016.  Please note that these are estimated amounts only as of November 30, 2016 and include certain forward-looking information which may cause the estimated distributions to change before the Funds' tax year-end on December 31, 2016.  The final distribution amounts will be confirmed and announced shortly after the year-end and, prior to payment, once each Fund's year-end tax position is finalized.

Estimated Regular Distributions

The following Estimated Regular Distributions will be paid in cash on or before January 13, 2017, to holders of record on December 30, 2016.


TSX Symbol

Estimated Regular Distribution (per Unit)

OCP Credit Strategy Fund



OCP Senior Credit Fund




Estimated Special Distribution

For the Fund listed below, the Estimated Special Distribution will be paid on or before January 13, 2017, to holders of record on December 30, 2016.  The Estimated Special Distribution will be paid by the issuance of units of the Fund, and immediately thereafter, the issued and outstanding capital of the Fund will be consolidated such that the number of issued and outstanding units of the Fund does not change.


TSX Symbol

Estimated Special Distribution (per Unit)

OCP Senior Credit Fund




The actual taxable amounts of all distributions for 2016, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or "CDS") in early 2017.

Forward-looking Information

This press release contains forward-looking statements with respect to the estimated Special Distributions for the Funds. By their nature, these forward-looking statements involve certain risks and uncertainties that could cause the actual distributions to differ materially from those contemplated by the forward-looking statements. Material factors that could cause the actual distributions to differ from the estimated distributions between now and December 31, 2016 (the Funds' tax year-end) include, without limitation: the actual amounts of distributions received by the Fund; the actual amount of capital gains generated from sales of securities; and any redemption activity in the Fund.

SOURCE Onex Credit Partners, LLC

For further information: please contact the Funds at: Toronto: 647.260.4055, Toll Free: 1.877.260.4055, www.ocpcreditstrategy.com, www.ocpseniorcredit.com

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