Canoe 'GO CANADA' Income Fund
TSX : GCI.A

January 21, 2011 17:28 ET

Canoe 'GO CANADA' Income Fund Announces January 2011 Distribution

CALGARY, ALBERTA--(Marketwire - Jan. 21, 2011) -

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

Canoe 'GO CANADA' Income Fund (the "Fund") (TSX:GCI.A) announces its initial January 2011 distribution of $0.027 per unit. The January distribution reflects a monthly distribution of $0.06 per unit pro rated to reflect the period the units have been outstanding from the Closing Date of the Fund on January 18, 2011 to January 31, 2011. The record date for this distribution is January 31, 2011 and the payment date will be February 15, 2011. The ex-distribution date for this payment is January 27, 2011. 

About the Distribution

The Fund's objective is to deliver a consistent, high-yield, monthly cash distribution from a portfolio of equity and fixed income securities of primarily Canadian issuers that are consistent with Canoe's 'GO CANADA!' investment theme which focuses on securities of companies that will take advantage of the increasing demand by emerging and developing economies for resources, assets and services provided by these Canadian issuers. At current unit prices, GCI.A is providing unitholders with an annual yield of approximately 6.1%.

About the Fund

The Fund has been created to provide investors with exposure to a diversified portfolio comprised primarily of equity and fixed income securities of Canadian issuers. The Fund's portfolio is managed by Haber Trilix Advisors, LP led by Robert Haber, an awarding winning portfolio manager and former CIO of Fidelity Investments Canada.

About Canoe Financial LP

Canoe Financial is a privately owned investment management firm with over $1.7 billion in assets under management and a solid performance track record. Canoe is focused on helping Canadian investors and advisors meet their financial goals with well managed, diversified, tax effective investment products. Canoe also has expertise in energy and resource investments.

Certain statements included in this news release constitute forward-looking statements. The forward-looking statements are not historical facts but reflect Canoe Financial LP and its affiliates (the "Manager") current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Manager believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Manager undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Investment funds are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated.

This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Investors should contact their Investment Advisor to review their investment objectives and strategies. This information is for review purposes only, and investors should consult their Investment Advisor for complete details and risk factors on specific strategies and various investment products.

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