Omega Advisors U.S. Capital Appreciation Fund

August 30, 2012 09:30 ET

Omega Advisors U.S. Capital Appreciation Fund Announces Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwire - Aug. 30, 2012) - Omega Advisors U.S. Capital Appreciation Fund (TSX:OUS.UN) (the "Fund"), today announced that the Toronto Stock Exchange (the "TSX") has accepted for filing a Notice of Intention to Make a Normal Course Issuer Bid (the "Bid").

Under the Bid, the Fund may purchase up to 232,785 class A units ("Units") during the next 12 months being 10% of the 2,327,851 public float Units as at August 29, 2012, and may not, in any 30 day period, purchase more than 57,083 Units, being 2% of the Units issued and outstanding. There are 2,854,151 issued and outstanding Units of the Fund as at August 29, 2012. All Units purchased pursuant to the Bid will be cancelled. Unit purchases will be made only through facilities of the TSX and will be in accordance with the TSX's rules and policies.

The Bid will commence on September 4, 2012 and terminate on the earlier of the date on which the Fund completes its purchases pursuant to the Bid or September 3, 2013. The Fund has not purchased any Units pursuant to a normal course issuer bid in the last twelve months. The Fund believes that it may be advantageous to engage in repurchases of its Units, from time to time, when they are trading at prices which the Fund believes reflect a discount from the underlying value of its Units.

SOURCE: Omega Advisors U.S. Capital Appreciation Fund

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