Norrep Capital Management Ltd.

Norrep Capital Management Ltd.
Norrep Opportunities Corp.

Norrep Income Growth Class

Norrep Income Growth Class
Norrep Global Income Growth Class

Norrep High Yield Class

Norrep US Dividend Plus Class

Norrep Tactical Opportunities Class

Norrep Premium Growth Class

Norrep Market Neutral Income Fund

Norrep Short Term Income Fund

January 14, 2015 11:45 ET

Norrep Capital Management Announces 2015 Estimated Distributions

CALGARY, ALBERTA--(Marketwired - Jan. 14, 2015) - Norrep Capital Management Ltd. ("Norrep"), the Manager of a strategically focused group of public mutual funds and limited partnerships ( "Norrep Investments"), announced today the 2015 expected monthly or quarterly distributions* for the following funds:

Norrep Opportunities Corp.

  • $0.06 per share per month for Norrep Income Growth Class
  • $0.04 per share per month for Norrep Global Income Growth Class
  • $0.04 per share per month for Norrep High Yield Class (previously $0.05 per share per month)
  • $0.035 per share per month for the Norrep US Dividend Plus Class
  • 1.0% of NAV per quarter for the Norrep Tactical Opportunities Class

Norrep Premium Portfolios Ltd.

  • 1.0% of NAV per quarter for the Norrep Premium Growth Class

Norrep Market Neutral Income Fund

  • $0.115 per unit per quarter

Norrep Short Term Income Fund

  • $0.03 per unit per month

All distributions are payable on the last business day of the period to holders of record at the close of the prior business day. For example, the first monthly distribution of the new calendar year will be payable on January 30, 2015 to holders of record on January 29, 2015.

Each distribution is established at the beginning of each calendar year based on Norrep's assessment of prevailing market conditions and may be adjusted during the year by Norrep at its discretion. Prior to each tax year-end, all of the Norrep investment funds, not only those listed above, may distribute excess income and capital gains to investors. Any distribution paid will automatically be reinvested, without charge, in additional shares or units of the same series, unless otherwise directed in writing. For funds not listed, distributions are not currently expected, although this may change if there are changes in any of the factors used to determine distributions. Distributions are not guaranteed, and all values are rounded to two or three decimal places, and are expressed in Canadian dollars.

Norrep Capital Management Ltd. is a Canadian investment firm with offices in Calgary and Toronto. Please visit www.norrep.com for more details about Norrep Investments.

* Based on the MF or Class A Series, rates may differ for other series.

Note on Forward-Looking Statements

Certain statements in this document may constitute "Forward-looking" statements, which involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Specifically, this document contains estimated information about distributions for the various Norrep investment funds set out. The estimates are only an approximation, and are subject to inherent risks and uncertainties. A variety of factors, many of which are beyond our control, could cause actual distributions to differ materially from the expectations expressed in any estimates. Readers should not place undue reliance on these estimates. Therefore, the actual amounts of the distributions may be materially higher or lower than the estimated amounts of the distributions. Distribution estimates are based on currently available information. Although we may provide distribution estimates for a fund, we do not guarantee that the fund will pay a distribution. We do not undertake to update any estimates contained in this document.

Contact Information

  • Norrep Capital Management Ltd.
    Holly Luong
    Manager, Dealer & Client Services
    (877) 431-1407
    www.norrep.com