O'Leary Funds Management LP announces that the conversion of O'Leary BrIC-Plus Income & Growth Fund into an open-end mutual fund has been completed and the name of the mutual fund was changed to O'Leary Emerging Markets Yield Fund

MONTREAL, April 5, 2012 /CNW Telbec/ - O'Leary Funds Management LP, the manager and trustee (the "Manager") of O'Leary BrIC-Plus Income & Growth Fund ("OBF") is pleased to announce that the conversion (the "Conversion") of OBF to an open-end mutual fund has been completed effective April 2, 2012. The Conversion was implemented on a tax deferred basis. The name of the mutual fund was changed to O'Leary Emerging Markets Yield Fund.

Immediately after each dealer's back office completes the remaining operational steps to implement the Conversion, unitholders will be able to subscribe for additional units or redeem units on a daily basis at their net asset value via FundSERV. Unitholders will also be able to switch their units into other series of the same fund or other series of units of other mutual funds offered by the Manager.

More information about O'Leary Emerging Markets Yield Fund is set out in its simplified prospectus which is available on SEDAR at www.sedar.com and the Manager's website at www.olearyfunds.com.

Important information for NON-RESIDENTS: unitholder accounts which are deemed to be non-resident of a Canadian province are not allowed to hold units of O'Leary Emerging Markets Yield Fund and accordingly, will be redeemed.

for media inquiries or additional information, please contact Investor Relations at [email protected] or at 877-849-2004 x226.