Canoe Financial Revises Proposed Fund Mergers

CALGARY, ALBERTA--(Marketwired - June 14, 2017) -

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

Canoe Financial LP ("Canoe" or the "Manager") has announced that it will not proceed with the planned merger of Canoe Equity Income Class into Canoe Canadian Asset Allocation Class or the merger of Canoe Canadian Monthly Income Class into Canoe North American Monthly Income Class. It will proceed with the other three proposed mergers, subject to receipt of regulatory and securityholder approval.

The Mergers

Details about the mergers will be contained in meeting materials to be mailed to securityholders of record as of July 5, 2017.

The table below outlines the proposed funds to be merged into their corresponding continuing funds on or about August 18, 2017.

Terminating Funds	Continuing Funds
Canoe Global Balanced Fund	Canoe North American Monthly Income Class
EnerVest Natural Resource Fund Ltd	Canoe Energy Class
Canoe Global Opportunities Class	Canoe Global Equity Income Class

Approval from securityholders of the Terminating Funds and from securityholders of Canoe Global Equity Income Class will be sought at special meetings to be held on or about August 16, 2017.

About Canoe Financial

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 $4.3 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.

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.

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the information filed about the fund on www.sedar.com before investing. Investment funds are not guaranteed and past performance may not be repeated.