OCP Credit Funds Announces Final 2016 Distributions

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, Jan. 9, 2017 /CNW/ - Onex Credit Partners, LLC confirms the regular distributions ("Regular Distributions") previously announced on December 19, 2016. The estimated special distribution announced on December 19, 2016, in respect of OCP Senior Credit Fund ("Special Distribution") has been revised and confirmed, as detailed below.

Regular Distributions
The following Regular Distributions will be paid in cash on or before January 13, 2017, to holders of record on December 30, 2016.

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

Special Distribution
For the Fund listed below, the Special Distribution will be paid on or before January 13, 2017, to holders of record on December 30, 2016.  The 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	Confirmed Special Distribution (per Unit)
OCP Senior Credit Fund	OSL.UN	$0.2707

The actual taxable amounts of all distributions for 2016, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or "CDS") in early 2017.

www.ocpcreditstrategy.com
www.ocpseniorcredit.com

SOURCE Onex Credit Partners, LLC

Toronto: 647.260.4055, Toll Free: 1.877.260.4055