Canadian Convertibles Plus Fund Closes Follow-On Offering

TORONTO, Sept. 28, 2012 /CNW/ - Canadian Convertibles Plus Fund (the "Fund") (TSX: CCI.UN) announces that it has completed its follow-on offering (the "Offering") of 2,160,862 units of the Fund ("Units") at a price of $8.89 per Unit, for gross proceeds of $19,210,063.

The syndicate of agents for this Offering was led by CIBC, BMO Capital Markets and RBC Capital Markets, and included 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.

SOURCE: Canadian Convertibles Plus Fund

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