MONTREAL, July 29 /CNW Telbec/ - O'Leary Funds Management LP, the manager and trustee (the "Manager") of O'Leary Global Income Opportunities Fund (TSX: OGO.un) (the "Fund") confirms that in advance of the merger (the "Merger") of the Fund with O'Leary Global Yield Opportunities Fund (formerly O'Leary Global Balanced Yield Fund) (the "Mutual Fund"), OGO.un will be delisted from the Toronto Stock Exchange at the close on August 3, 2010.
Once the Merger is completed on or about August 16, 2010, subscriptions for additional investments and redemptions from the Mutual Fund can be made via FundSERV beginning on or about August 17, 2010. The Manager believes that the Merger will provide investors with enhanced liquidity and pricing by providing them with the continuous right to subscribe for additional units or redeem units on a daily basis. Unitholders of the Mutual Fund will also be able to switch their units into other series offered by the Mutual Fund and into other mutual funds offered by the Manager. Unitholder accounts which are deemed to be non-resident of a Canadian province will not be allowed to hold units of the Mutual Fund and accordingly, will be redeemed shortly after the Merger is completed.
SOURCE O'LEARY GLOBAL INCOME OPPORTUNITIES FUND
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