Canoe 2015 Flow-Through LP Announces Intention to Complete Rollover and Dissolution

CALGARY, ALBERTA--(Marketwired - Oct. 17, 2016) -

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Canoe 2015 Flow-Through LP (the "Partnership") announces that it will be proceeding with the tax-deferred transfer of the assets of the Partnership (the "Mutual Fund Rollover Transaction") into Canoe Energy Class (the "Fund") of Canoe 'GO CANADA!'^® Fund Corp. The Mutual Fund Rollover Transaction will take place on or about December 16, 2016 (the "Transaction Date") after the close of business. In exchange for the assets, Series A shares of the Fund will be issued to the Partnership. The Partnership will be dissolved on or about December 19, 2016 and in any event within 60 days of the Transaction Date and the Series A shares of the Fund will be distributed to individual limited partners on a dollar equivalent basis.

The Fund's investment objective is to provide long-term capital growth through investments in securities related to the energy sector. The Fund invests primarily in companies that are involved in the exploration, development and production of oil and natural gas in Canada and abroad and in companies which service such industries. The Fund is managed by Canoe Financial LP ("Canoe Financial") Senior Portfolio Manager, Rafi G. Tahmazian, and Associate Portfolio Manager, David Szybunka.

In addition to the Fund, the Canoe 'GO CANADA!'^® Fund Corp. has 13 additional fund classes: Bond Advantage Class, Enhanced Income Class, Global Income Class, Strategic High Yield Class, Canadian Monthly Income Class, Canadian Asset Allocation Class, North American Monthly Income Class, Equity Income Class, Equity Class, U.S. Equity Income Class, Global Equity Income Class, Global Opportunities Class and Energy Income Class, allowing investors to switch between share classes on a tax-deferred basis prior to the change in tax legislation, expected to come into effect January 1, 2017, which will eliminate tax-deferred switching in mutual fund corporations.

About Canoe Financial LP

Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial is one of Canada's fastest-growing independent mutual fund companies and currently manages approximately $3.8 billion in assets across a diversified range of award-winning mutual funds and private energy equity products. Canoe Financial has expanded from its Calgary head office across Canada, including a significant presence in Toronto and offices in Vancouver, Winnipeg, Ottawa and Montreal. To learn more about Canoe Financial and its investment products, visit www.canoefinancial.com.

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

Forward-Looking Statements: 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, including with respect to the Mutual Fund Rollover Transaction and the dissolution of the Partnership. 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, risks related to the completion of the Mutual Fund Rollover Transaction and the dissolution of the Partnership 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.