O'Leary Funds Management LP announces it will not change its hedged/unhedged strategies in proposed transaction with Canoe Financial LP

MONTREAL, Nov. 27, 2015 /CNW Telbec/ - O'Leary Funds Management LP (the "Manager"), the manager of certain investment funds ("O'Leary Funds"), has determined that the previously announced proposed changes to the strategies of all Hedged and Unhedged series of units (as such terms are defined in the Simplified Prospectus of the O'Leary Funds) will not proceed. The O'Leary Funds will continue to employ the strategies currently used with respect to hedging. All other material changes announced on October 15, 2015 and on October 26, 2015 are expected to proceed as previously disclosed, except that the proposed transaction is now expected to be completed in February 2016, subject to, among other matters, receiving all necessary unitholder and regulatory approvals, as well as satisfying other conditions of closing.

More information about the O'Leary Funds is set out in the simplified prospectus of the O'Leary Funds, which is available on SEDAR at www.sedar.com and the Manager's website at http://www.olearyfunds.com/.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to the future outlook of the O'Leary Funds and anticipated distributions, events or results and may include statements regarding the future financial performance of the O'Leary Funds. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information.

About O'Leary Funds Management LP

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 its value-yield investment philosophy, Canadian and global investment opportunities are identified through a disciplined investment process. Its core principles, Income, Capital Appreciation and Capital Preservation, are driven by each portfolios investment objectives. Its portfolios are diversified by sector, region and asset class. For more details about O'Leary Funds, visit http://www.olearyfunds.com/.



For further information: for media inquiries or additional information, please contact Louise Anne Poirier, Investor Relations at info@olearyfunds.com or at 877-849-2004 or 514-849-1056.

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