Norrep Capital Management Ltd. Announces Risk Rating Change

CALGARY, ALBERTA--(Marketwired - June 29, 2016) - Norrep Capital Management Ltd. ("Norrep") announced today that as a result of its annual review of the risk ratings of the investment funds it manages, which is based on the methodology recommended by the Fund Risk Classification Task Force of the Investment Funds Institute of Canada, it has determined to change the risk rating of Norrep Income Growth Class (the "Fund") from "Low to Medium" to "Medium".

The change will be reflected in the simplified prospectus of the Fund, which will be filed with Canadian securities regulators in connection with the Fund's June 2016 annual renewal.

The investment objectives and strategies of the Fund will not change as a result.

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.

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, their values change frequently and past performance may not be repeated. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors should consult their financial advisor to determine if Norrep investment funds may be sold in their jurisdiction.