Propel Capital Corporation announces distributions for the Canadian Convertibles Plus Fund, Canadian High Yield Focus Fund, Diversified Alpha Fund II and Strategic Income Allocation Fund.

TORONTO, June 21, 2012 /CNW/ - Propel Capital Corporation announces distributions for the Canadian Convertibles Plus Fund, Canadian High Yield Focus Fund, Diversified Alpha Fund II and Strategic Income Allocation Fund.

Quarterly Distributions:

For the quarter ending June 30, 2012 the Canadian Convertibles Plus Fund, Canadian High Yield Focus Fund and Diversified Alpha Fund II will make the following distributions. These distributions are expected to consist primarily of return of capital.

Fund	TSX Symbol	Distribution Amount (per unit)	Record Date	Payment Date
Canadian Convertibles Plus Fund	CCI.UN	$0.15625	June 30, 2012	July 16, 2012
Canadian High Yield Focus Fund	CAH.UN	$0.19500	June 30, 2012	July 16, 2012
Diversified Alpha Fund II	AFT.UN	$0.15000	June 30, 2012	July 16, 2012

Monthly Distributions:

For months ending June, July and August 2012, the Strategic Income Allocation Fund will make the following distributions. These distributions are expected to consist primarily of return of capital.

Fund	TSX Symbol	Record Date	Payment Date	Distribution Amount (per unit)
Strategic Income Allocation Fund	SIF.UN	June 30, 2012	July 16, 2012	$0.05417
Strategic Income Allocation Fund	SIF.UN	July 31, 2012	August 15, 2012	$0.05417
Strategic Income Allocation Fund	SIF.UN	August 31, 2012	September 17, 2012	$0.05417

please call Raj Lala, President, Propel Capital at 416-572-2364 or visit
www.propelcapital.ca