O'Leary Funds Management LP announces changes to the risk ratings of certain O'Leary funds

MONTREAL, June 23, 2015 /CNW Telbec/ - O'Leary Funds Management LP, the manager and trustee (the "Manager") of the family of O'Leary funds announced today that it is implementing changes to the risk ratings of certain funds.

As a result of the annual review of the risk rating for the O'Leary funds, the Manager is implementing a change in the risk rating of certain O'Leary funds as indicated below. Consistent with past practices, the methodology used to determine the risk rating of the O'Leary funds by the Manager was based on the guidelines issued by the Investment Funds Institute of Canada in August 2014. The methodology is primarily based on the variability of a mutual fund's returns.  No material changes have been made to the investment objectives, strategies or management of the funds.

Name of Funds	Current Risk Rating	New Risk Rating
O'Leary Canadian Dividend Fund	Medium	Low to Medium
O'Leary Canadian Balanced Income Fund	Low to Medium	Low
O'Leary Conservative Income Fund	Low to Medium	Low
O'Leary Global Dividend Fund	Medium	Low to Medium
O'Leary Emerging Markets Income Fund	Low to Medium	Medium

More information about the funds is set out in the simplified prospectus which will become available on SEDAR at www.sedar.com and the Manager's website at www.olearyfunds.com.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to the future outlook of the Funds and anticipated distributions, events or results and may include statements regarding the future financial performance of the Funds. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information.

O'Leary Funds Management LP is a Canadian investment fund manager of mutual funds and closed-end funds striving to provide Canadian investors with reliable and strategic income solutions. Based on our value-yield investment philosophy, Canadian and global investment opportunities are identified through a disciplined investment process. Our core principles, Income, Capital Appreciation and Capital Preservation, are driven by each portfolios investment objectives. Our portfolios are diversified by sector, region and asset class. For more details about O'Leary Funds, visit www.olearyfunds.com.

SOURCE O'LEARY FUNDS MANAGEMENT LP

media inquiries or additional information, please contact Louise Anne Poirier, Investor Relations at [email protected] or at 877-849-2004 or 514-849-1056.