Strategic Income Allocation Fund Announces Exercise of Over-Allotment Option

TORONTO, April 4, 2012 /CNW/ - Strategic Income Allocation Fund (the "Fund") announces that the Fund's syndicate of agents for its initial public offering has exercised its over-allotment option and acquired an additional 428,000 Units of the Fund.  In total, the Fund issued 7,028,000 Units pursuant to its initial public offering, for gross proceeds of $70,280,000.  The Units are listed on the Toronto Stock Exchange under the symbol SIF.UN.

The syndicate of agents for this offering was led by CIBC, and RBC Capital Markets, and included GMP Securities L.P., TD Securities Inc., BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., Canaccord Genuity Corp., Macquarie Private Wealth Inc., Raymond James Ltd., Desjardins Securities Inc., Dundee Securities Ltd, Mackie Research Capital Corporation and Manulife Securities Incorporated.

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