Canoe Financial Expands Product Offering With Launch of New Mutual Funds

CALGARY, ALBERTA--(Marketwired - Aug. 19, 2013) - Canoe Financial LP, one of the fastest growing mutual fund companies in Canada, today introduced two new mutual funds. These two new funds expand Canoe's mutual fund line-up in the growing Global Fixed Income and Global Equity categories.

The new funds, available now, are Canoe Global Income Fund and Canoe Global Value Class.

"The launch of the new Canoe funds advances our commitment to providing Canadian financial advisors and their clients with timely and relevant investment solutions for any type of market," said W. Brett Wilson, chairman of Canoe Mutual Funds. "At the same time, we continue to provide our clients with access to high performance portfolio managers both internally and through our exclusive sub-advisory partnerships."

About the New Canoe Funds:

• Canoe Global Income Fund
  
  A highly flexible approach to investing in the dynamic global fixed income market. The Fund is designed to generate a high level of current income with an emphasis on capital preservation and some capital appreciation. The Fund is managed by Aegon Capital Management (ACM) and sub- advised by Aegon USA Investment Management, LLC* (AUIM).
  
  Both ACM and AUIM are independent investment units of Aegon Asset Management, a global business division affiliated with The Netherlands-based AEGON N.V., an international insurance and financial services organization based in The Hague, with investment centers in the US, Netherlands and United Kingdom. Global Income Fund is a "best ideas" portfolio that utilizes the expertise of 60 Aegon investment professionals, with a tactical asset allocation overlay, allowing the portfolio to adapt to any prevailing market environment. Aegon has had considerable success with similar mandates in other jurisdictions.

"The global fixed income market, with its numerous sub-sectors, broadens the opportunity set for managers with deep research capabilities to beat benchmarks and moderate risks," commented Nevin G. Markwart, CFA, Canoe Financial's president and chief executive officer. "The Canoe Global Income Fund provides investors with the potential to stabilize downside risk and generate higher levels of return by opportunistically shifting assets in and out of different fixed income segments in different geographic markets. We believe this is the ideal investment vehicle for investors who are looking for consistent and attractive income streams in today's low yielding environment, and who are concerned about possible rising interest rates."

• Canoe Global Value Class
  
  A global, "go anywhere" equity mandate intended to provide investors with long-term capital growth by investing in a broad range of small, medium and large capitalization equity securities. The Fund is sub-advised by Tim McElvaine, CA, CFA, President of McElvaine Investment Management Ltd.*
  
  Mr. McElvaine developed his value-oriented philosophy during his 12-year career with Peter Cundill & Associates Ltd. and Mackenzie Financial where he served as Chief Investment Officer (1998-2003), Manager of Mackenzie Cundill Security Fund (1992-1999), Co-Manager of Mackenzie Cundill Value Fund (1998-2003) and sub-advisor to Mackenzie Universal Canadian Value Class (2009 - 2012). Mr. McElvaine founded McElvaine Investment Management Ltd. in 1996.

"With the launch of Canoe Global Value Fund, we offer investors exposure to global equity markets and an outstanding deep value manager with more than 20 years of investment experience," added Mr. Markwart. "We now have the bases covered - with Canoe funds in the largest Canadian mutual fund categories."

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 currently manages approximately $1.7 billion in assets as at July 31, 2013 through its investment products. To learn more about Canoe Financial, visit www.canoefinancial.com.

*AEGON USA Investment Management, LLC acts as an unregistered sub-advisor to the Canoe Global Income Fund further to relief granted in December 2012 by the Alberta Securities Commission.

*Tim McElvaine, CA, CFA, is the President of McElvaine Investment Management Ltd, located in Victoria, British Columbia, who is a sub-advisor to Canoe Financial LP. Canoe is the registered Portfolio Manager and Manager of the Fund.

Important information regarding the Funds, including conditions of purchase, investment strategy, distribution policy, management fees, and expenses, are set out in the Funds' Simplified Prospectus and Annual Information Form which are available on Canoe's website at www.canoefinancial.com or SEDAR at www.sedar.com. 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 and their values change frequently. These funds are new and there is no history of performance associated with these Funds. This communication is for information purposes only and 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 which should be read carefully before making any investment. Investors should consult their Investment Advisor for complete details and risk factors on specific strategies and various investment products.

This communication may contain forward-looking statements which involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated, and should not be unduly relied upon. Canoe does not undertake any obligation to publicly update or revise any forward-looking statements. Market conditions may change and Canoe accepts no responsibility for individual investment decisions arising from the use or reliance on the information contained herein.