Canoe 'GO CANADA' Income Fund

December 17, 2010 19:32 ET

Canoe 'GO CANADA' Income Fund Files Final Prospectus

CALGARY, ALBERTA--(Marketwire - Dec. 17, 2010) -

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

Canoe Financial LP (the "Manager") announces that it has filed the final prospectus (the "Prospectus") for its initial public offering of the Canoe 'GO CANADA' Income Fund (the "Fund") announced on November 17, 2010. An initial closing date will be on or about January 18, 2011.

The Fund's investment objectives are to:

  • provide investors with a monthly cash distribution; and
  • maximize Unitholders' risk-adjusted total returns.

The monthly cash distributions are initially targeted to be 6.0% per unit per annum on the $12.00 offering price ($0.06 per unit per month or $0.72 per unit per annum).

The Fund has been created to invest in an actively managed, diversified portfolio primarily comprised of equities and fixed income securities of Canadian businesses. The Manager has retained Haber Trilix Advisors, LP (the "Portfolio Advisor") as portfolio advisor.

The offering is being conducted by a syndicate of Agents co-led by RBC Capital Markets and CIBC and includes BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., Canaccord Genuity Corp., GMP Securities L.P., HSBC Securities (Canada) Inc., Dundee Securities Corporation, Macquarie Private Wealth Inc., Raymond James Ltd., Wellington West Capital Markets Inc., Desjardins Securities Inc., Mackie Research Capital Corporation, Manulife Securities Incorporated and Rothenberg Capital Management.

About Canoe Financial LP

The Manager is a privately owned investment management firm which has over $1.6 billion in assets under management and a solid performance track record. The Manager is focused on helping Canadian investors and advisors meet their financial goals. The Manager provides investors with well managed, diversified, tax effective investment products through the EnerVest family of funds. The Manager also has significant experience in energy and resource investments.

A copy of the Final Prospectus has been filed on SEDAR at www.sedar.com or may be obtained from your broker or from one of the agents listed above. Combined Units are not being offered for sale to residents of the United States. Capitalized terms used in this press release and not otherwise defined have the meanings given thereto in the final prospectus.

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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