MONTREAL, Dec. 16, 2014 /CNW Telbec/ - O'Leary Funds Management LP, the manager and trustee (the "Manager") of the family of O'Leary funds announced today that it is implementing changes to its product line.
The Manager is committed to sustaining a strong and efficient product line that continues to serve the needs of Canadian investors. As a result, the Manager will be terminating O'Leary Global Income Fund (the "Fund"). The termination will be effective on or about February 17, 2015. Unitholders of the Fund will be sent a written sixty day prior notice outlining the details of the termination. Unitholders of the Fund are encouraged to contact their financial advisor, prior to the effective date of termination, in order to discuss the Fund termination, including alternative investment options that best meet their individual investment needs.
Effective as of the close of business today, the Fund will cease distribution of new units.
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 Funds and anticipated distributions, events or results and may include statements regarding the future financial performance of the 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.
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
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