OmniArch Capital Group

OmniArch Capital Group

April 29, 2010 15:42 ET

OmniArch Capital Group: News Release

CALGARY, ALBERTA--(Marketwire - April 29, 2010) - OmniArch Capital announces the first closing of financing for the OmniArch  Fixed Income Bond. 

As Canadian brokers continue to demand secure and strong performing bond funds for clients eager to diversify their portfolios, OmniArchCapital announces the early completion of the first round of financing for the OmniArch Fixed Income Bond, meeting the demand for a highly sought after investment opportunity positioned to securely take advantage of the US credit crunch.

Jay R Modi, OmniArch's Chief Executive, explains the overwhelming response from investors and brokers after bringing The Bond Fund to market only one month ago. "We knew that investors were hungry to diversify their portfolios with secure alternative investments, but the timing of the first closing has exceeded our expectations and demonstrates how eager investors are to add secure fixed income instruments to their portfolios."

This initial closing was completed through a number of investment houses and private investors. The initial closing was composed of approximately $1,000,000 in subscription receipts.

The net proceeds of the offering will be used for the purchase of cash flowing Residential Mortgage Backed Securities ("RMBS") in the United States. OmniArch forecasts a 10% p.a. return to investors with distributions made monthly and expects to have intermittent closings until which point the fund is closed.

Mr. Modi continues, "We know that the current economic market has created unprecedented opportunities for investors and we feel privileged to be able to use the collective strength of our team to help investors take advantage of these opportunities."

About OmniArch Capital

OmniArch Capital is one of Canada's leading alternative investment firms, recognized by their partners and investors for their innovative investment products, and their commitment to ethics and transparency. They deliver a range of investment solutions to meet the needs of retail, private and institutional investors. The cutting edge experience of the OmniArch team, has positioned them at the vanguard of the alternative investment industry, providing secured, innovative investment opportunities that provide individuals and family investors with a strong platform to build their financial wealth.

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