MONTREAL, Dec. 17, 2012 /CNW Telbec/ - O'Leary Funds Management LP, the manager and trustee (the "Manager") of O'Leary Global Yield Opportunities Fund ("OGO") and O'Leary Strategic Yield Plus Fund ("OFS" and together with OGO, the "Funds") is pleased to announce that the merger (the "Merger") of OGO into OFS was completed on December 14, 2012. As a result of the Merger, which was completed on a taxable basis, unitholders of record of OGO on the close of business on December 14, 2012 are receiving a special distribution derived from realized capital gains on investments as well as other realized income sources generated by the Funds during the period from January 1, 2012 through December 14, 2012. The amount of the special distribution per unit, per series, expected to be paid on December 14, 2012, is as follows:
|Special Distribution per Unit|
|OGO - Series A||$0.41378|
|OGO - Series F||$0.54483|
|OGO - Series M||$0.23789|
|OGO - Series X||$0.52437|
In addition, pursuant to the Merger, unitholders of OGO, the terminating fund, will receive 0.996163965 series A units (exchange ratio of 0.996163965:1), 1.011139104 series F units (exchange ratio of 1.011139104:1), 0.969679354 series M units (exchange ratio of 0.969679354:1), and 1 series X units (exchange ratio of 1:1) of OFS in exchange for each unit of the same series of OGO which they held on December 14, 2012 based on the exchange ratios indicated above. The exchange ratios were determined by the Manager with reference to net asset value per unit of each of the Funds as at the end of business on December 14, 2012.
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 [email protected] or at 877-849-2004 or 514-849-1056.