Sprott Completes Acquisition of Funds from Arrow Capital Management

TORONTO, April 1, 2014 /CNW/ - Sprott Asset Management LP today announced that it has successfully closed the previously announced transaction to acquire the following funds from Arrow Capital Management Inc.: the Exemplar Global Infrastructure Fund, the Exemplar Timber Fund and the Exemplar Global Agriculture Fund (the "Funds"). The transaction was approved at a unit holder meeting on March 25, 2014, and subsequently received regulatory approval. The Funds are all sub-advised by Capital Innovations LLC ("Capital Innovations"), and will be re-branded as Sprott products in the coming weeks. Michael Underhill and Susan Dambekaln of Capital Innovations will continue to act as lead managers for the Funds.

About Capital Innovations LLC
Capital Innovations, LLC is a leading real assets manager, serving clients throughout North America, Europe and Asia. The group's specialized expertise and refined investment process seek to offer an efficient alternative for global Real Asset investors.  Capital Innovations provides global and domestic specialized real asset investment management solutions. The Wisconsin-based asset manager provides these services to some of the largest public pension funds in the world and most sophisticated Sovereign Wealth Funds. It listed among its clients California Public Employees Retirement System (CalPERS) and China Investment Corporation (CIC). Capital Innovations has extensive experience managing assets across bank and insurance company platforms, and offers a wide variety of strategies. Many of our strategies on the general account (for insurance companies) side seek to focus on principal protection and consistent yield to complement our client's underwriting exposure. For retirement and sub-advisory clients, Capital Innovations offers companies and plan participants access to a diverse offering of investment products across the risk/return spectrum. In terms of investment vehicles, our partners offer multiple share class mutual funds, collective investment trusts and separate accounts available on leading record keeping platforms.

About Sprott Asset Management
Sprott Asset Management LP (www.sprott.com), a wholly owned subsidiary of Sprott Inc. (www.sprottinc.com), is a fund company dedicated to achieving superior returns for its investors over time. Sprott Asset Management LP manages assets primarily for institutions, endowments and high net worth individuals and is the investment manager of the Sprott Mutual Funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing.  Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors should consult their financial advisor to determine if the Sprott Mutual Funds may be sold in their jurisdiction. 

SOURCE: Sprott Asset Management LP

Glen Williams, Director of Communications, Sprott Group, T: 416.943.4394, E: [email protected]