Canadian Convertibles Plus Fund Announces Filing of Short Form Prospectus

TORONTO, Sept. 12, 2012 /CNW/ - Canadian Convertibles Plus Fund (TSX: CCI.UN) (the "Fund") announces that it has filed a preliminary short form prospectus dated September 12, 2012 with the securities regulatory authorities of all of the Canadian provinces and territories with respect to an additional offering of units ("Units") of the Fund.

The Fund has exposure to an actively managed diversified portfolio (the "Portfolio") comprised primarily of convertible debentures of Canadian issuers. The Fund is managed by Propel Capital Corporation ("Propel"). The Fund's portfolio manager is Fiera Capital Corporation (formerly Fiera Sceptre Inc.) ("Fiera").

The Fund's investment objectives are to provide holders of Units ("Unitholders") with:

i. quarterly tax-advantaged distributions;
ii. preservation of capital; and
iii. the opportunity for capital appreciation.

Propel is responsible for creating, structuring, managing and promoting the Fund and the Portfolio Trust. Propel has retained Fiera to provide portfolio management services to the Fund and Portfolio Trust. Fiera is one of the largest independent money managers in Canada with over $54 billion in assets under management as at June 30, 2012, including over $30 billion in fixed income assets.

The syndicate of agents for this offering is being led by CIBC, BMO Capital Markets and RBC Capital Markets, and includes GMP Securities L.P., National Bank Financial Inc., Scotiabank, TD Securities Inc., Desjardins Securities Inc., Raymond James Ltd., Canaccord Genuity Corp., Dundee Securities Ltd., Macquarie Private Wealth Inc. and Manulife Securities Incorporated.

A preliminary prospectus containing important information relating to these securities has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from one of the dealers noted above. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

SOURCE: Canadian Convertibles Plus Fund

please call Raj Lala, President, Propel Capital at 416-572-2364 or visit  www.propelcapital.ca