Canoe Mutual Funds Announces Reduction in Management Fees and Certain Other Changes

CALGARY, ALBERTA--(Marketwired - Feb. 22, 2016) - Canoe Financial LP ("Canoe") today announced a reduction in management fees for Series A and Series F of Canoe Global Balanced Fund (formerly O'Leary Global Infrastructure Fund) and certain other fund changes.

Effective immediately, the management fee for Series A and Series A (hedged) of the fund has been reduced from 2.15% to 1.99% and the management fee for Series F and Series F (hedged) has been reduced from 1.15% to 1.11%. Annual trailing commission for Series A and Series A (hedged) of the fund also has been reduced from 1.00% to 0.88%. The investment objectives and strategies of the fund remain unchanged from those approved by unitholders at special meetings held in January 2016.

Canoe also confirmed that the merger of certain mutual funds formerly managed by O'Leary Funds Management LP, that were approved at special meetings of unitholders held in January 2016, will take effect after the close of business on or about May 27, 2016, rather than in April 2016 as previously disclosed.

About Canoe Financial LP

Founded in 2008, Canoe Financial LP is an investment management firm focused on building financial wealth for Canadians. Canoe is Canada's fastest-growing independent mutual fund company and manages approximately $3 billion in assets across a diversified range of award-winning mutual funds, flow-through limited partnerships and private energy equity products. Canoe has expanded from its Calgary head office to across Canada, including a significant presence in Toronto and offices in Vancouver, Winnipeg and Ottawa. To learn more about Canoe Financial and its investment products, visit www.canoefinancial.com.

Important information regarding the mutual funds, including conditions of purchase, investment strategy, distribution policy, management fees, and expenses, are set out in the Simplified Prospectus, Annual Information Form and Fund Facts which are available on Canoe Financial'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. 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. Investors should consult with a financial advisor prior to making any investment decisions.