O'Leary Founder's Series Income & Growth Fund (TSX: OFS.un / OFS.wt) raises
an additional $5.34 million for total gross proceeds of $155.34 million, as
the Over-Allotment Option is exercised by the Agent
The initial monthly cash distribution of
The Fund will permit investors to capitalize on the knowledge and capabilities of Stanton Asset Management Inc. (the "Portfolio Advisor") and Savtrev, Inc. ("O'Leary") who will work together to identify securities providing income and the potential for capital appreciation. The Portfolio Advisor and O'Leary believe that the Fund will provide investors with the opportunity to earn attractive income and total returns, while diversifying risk.
The Fund's investment objectives are: (i) to maximize total return for holders of Trust Units ("Unitholders"), consisting of distributions, interest and dividend income and capital appreciation; and (ii) to provide Unitholders with monthly distributions initially targeted to be $0.06 per Trust Unit ($0.72 per annum representing an annual cash distribution of 6.0% based on the $12.00 per Unit issue price).
The syndicate of agents is co-led by CIBC World Markets Inc. and RBC Capital Markets and includes BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., Blackmont Capital Inc., GMP Securities L.P., HSBC Securities (
Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Fund. The forward-looking statements are not historical facts but reflect O'Leary Funds Management LP's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although O'Leary Funds Management LP believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. O'Leary Funds Management LP undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.
All capitalized terms noted herein but not defined are as per the prospectus dated
For further information: For media inquiries or additional information: please contact O'Leary Funds at [email protected] or at 1-877-849-2004 x226
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