Canoe Financial LP



Canoe Financial LP

March 28, 2014 15:36 ET

Canoe 2014 Flow-Through LP Raises $51.4 Million

CALGARY, ALBERTA--(Marketwired - March 28, 2014) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

Canoe Financial LP (the "Manager" or "Canoe") announced today that it has completed the second and final closing for the initial public offering (the "Offering") of limited partnership units ("Units") of Canoe 2014 Flow-Through LP (the "Partnership") in each of the provinces of Canada, except Quebec. In combination with the first closing on February 14, 2014, the Partnership has issued an aggregate of 1,254,721 class CDE Units and 800,000 class CEE Units at $25.00 per Unit for aggregate gross proceeds of $51,368,025 - one of the largest flow-through offerings to date in 2014.

The Partnership's investment objective is to provide limited partners with exposure to quality tax-advantaged energy investments of one or both of its two separate investment portfolios: (i) one consisting primarily of Canadian Development Expense ("CDE") flow-through shares of resource companies (the "Class CDE Portfolio"); and (ii) one consisting primarily of Canadian Exploration Expense ("CEE") flow-through shares of resource companies (the "Class CEE Portfolio", and together with the Class CDE Portfolio, the "Investment Portfolios"). The Partnership provides investors with the choice of investing in either the Class CDE Portfolio or the Class CEE Portfolio or a combination of both, allowing investors to target their specific investment requirements.

The Investment Portfolios will be managed by Canoe Financial LP, a Calgary-based investment management firm with approximately $2.2 billion in assets under management. Canoe's personnel have experience investing in and operating oil and natural gas companies as well as financing and structuring energy-related transactions.

The Offering was conducted by a syndicate of agents co-led by Scotiabank, CIBC and RBC Capital Markets and included BMO Capital Markets, Desjardins Securities Inc., National Bank Financial Inc., Canaccord Genuity Corp., GMP Securities L.P., Peters & Co. Limited and Raymond James Ltd.

About Canoe Financial LP

Canoe Financial is an investment management firm focused on building financial wealth for Canadians through investing in Canada. Its 'GO CANADA!®' investment thesis reflects Canoe's strategic confidence in Canada as a place to invest. With continued global urbanization, increasing worldwide demand for resources, and Canada's sound fiscal structure, Canoe believes this country provides long-term growth potential for investors.

Canoe is one of Canada's fastest-growing mutual fund companies and as at February 28, 2014, manages approximately $2.2 billion in assets through its investment products. To learn more about Canoe Financial, visit www.canoefinancial.com.

® GO CANADA! is a registered trade-mark of Canoe Financial LP.

Forward-Looking Statement: Certain statements included in this news release constitute forward looking statements which reflect Canoe Financial's current expectations regarding future results or events. Words such as "may," "will," "should," "could," "anticipate," "believe," "expect," "intend," "plan," "potential," "continue" and similar expressions have been used to identify these forward-looking statements. Forward-looking statements involve significant risks and uncertainties and a number of factors could cause actual results to materially differ from expectations discussed in the forward looking statements including, but not limited to, changes in general economic and market conditions and other risk factors. Although the forward-looking statements are based on what Canoe Financial believes to be reasonable assumptions, we cannot assure that actual results will be consistent with these forward-looking statements. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the current date and we assume no obligation to update or revise them to reflect new events or circumstances.

This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Such an offer can only be made by way of a prospectus or other applicable offering document and should be read carefully before making any investment. This release is for information purposes only. Investors should consult their Investment Advisor for details and risk factors regarding specific strategies and various investment products.

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