OCP Credit Funds Announce Estimated Quarterly Distributions

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TORONTO, Dec. 18, 2018 /CNW/ - Onex Credit Partners, LLC announces the following estimated regular distributions ("Estimated Regular Distributions") and estimated special distributions (if any) ("Estimated Special Distributions") for the year ending December 31, 2018.  Please note that these are estimated amounts only as of November 30, 2018 and include certain forward-looking information which may cause the estimated distributions to change before the Funds' tax year-end on December 31, 2018.  The final distribution amounts will be confirmed and announced shortly after the year-end and, prior to payment, once each Fund's year-end tax position is finalized.

Estimated Regular Distributions
The following Estimated Regular Distributions will be paid in cash on or before January 15, 2019, to holders of record on December 31, 2018.

Fund	TSX Symbol	Estimated Regular Distribution (per Unit)
OCP Credit Strategy Fund	OCS.UN	$0.175
OCP Senior Credit Fund	OSL.UN	$0.125

Estimated Special Distribution
For the Fund listed below, the Estimated Special Distribution will be paid on or before January 15, 2019, to holders of record on December 31, 2018.  The Estimated Special Distribution will be paid by the issuance of units of the Fund, and immediately thereafter, the issued and outstanding capital of the Fund will be consolidated such that the number of issued and outstanding units of the Fund does not change.

Fund	TSX Symbol	Estimated Special Distribution (per Unit)
OCP Senior Credit Fund	OSL.UN	$0.310

The actual taxable amounts of all distributions for 2018, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or "CDS") in early 2019.

Forward-looking Information
This press release contains forward-looking statements with respect to the estimated Special Distributions for the Funds. By their nature, these forward-looking statements involve certain risks and uncertainties that could cause the actual distributions to differ materially from those contemplated by the forward-looking statements. Material factors that could cause the actual distributions to differ from the estimated distributions between now and December 31, 2018 (the Funds' tax year-end) include, without limitation: the actual amounts of distributions received by the Fund; the actual amount of capital gains generated from sales of securities; and any redemption activity in the Fund.

SOURCE Onex Credit Partners, LLC

please contact the Funds at: Toronto: 647.260.4055, Toll Free: 1.877.260.4055, www.ocpcreditstrategy.com, www.ocpseniorcredit.com