Norrep Capital Management Ltd. Announces Intention to Terminate Norrep Premium Balanced Income Class

CALGARY, ALBERTA--(Marketwired - Nov. 27, 2015) - Norrep Capital Management Ltd. ("Norrep") the manager of a strategically focused group of public mutual funds, alternative investment funds and limited partnerships, announced today the intention to terminate Norrep Premium Balanced Income Class (the "Fund") on or about January 29, 2016. The Fund is a class of Norrep Premium Portfolios Ltd. Effective today, the Fund will no longer accept additional investments.

The decision to close the Fund was driven by the relatively small number of shareholders and the costs associated with maintaining a small fund.

Existing shareholders of the Fund will have the option to switch their investment to the Norrep Premium Growth Class or to redeem their shares prior to the termination date. Shareholders of the Fund will not be subject to any redemption fees in connection with the termination of the Fund.

In accordance with securities legislation, a notice describing details of the Fund's termination will be sent to shareholders of the Fund not less than 60 days prior to the effective date of termination.

Norrep encourages shareholders of the Fund to consult with their financial advisors to discuss the financial and tax implications of the termination and to determine the best course of action based on their personal investment needs and circumstances.

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.