Veteran Fixed Income Portfolio Manager Marc Goldfried Joins Canoe

CALGARY, ALBERTA--(Marketwired - Dec. 4, 2015) - Canoe Financial LP (Canoe) is pleased to announce that award- winning fixed income portfolio manager Marc Goldfried has joined the Canoe team as Senior Vice President and Chief Investment Officer, effective today.

"Marc's extensive experience in fixed income markets further enhances our existing award-winning internal portfolio management capabilities," said Darcy Hulston, Canoe's President & CEO. "Marc's exceptional work ethic and unparalleled client focus makes him a perfect fit for Canoe's entrepreneurial and customer service-oriented culture."

Marc brings more than 24 years of fixed income investment expertise to Canoe. Most recently, he was Chief Investment Officer, Senior Vice President and Head of Fixed Income Investments with Aegon Capital Management Inc. (Aegon) where he managed more than $10 billion. Prior to that, Marc was a fixed income portfolio manager with Elliott and Page Ltd. Marc is a CFA charterholder and received his Bachelor of Arts degree in Economics from York University.

Marc will continue to manage the Canoe fixed income portfolios he was previously managing at Aegon, including Canoe Bond Advantage Fund/Class, Canoe Enhanced Income Fund/Class, Canoe Equity Income Class and Canoe North American Monthly Income Class. Canoe's award-winning North American equity portfolio manager, Rob Taylor, will manage the equity portions of Canoe Enhanced Income Fund/Class, Canoe Equity Income Class and Canoe North American Monthly Income Class. Canoe has terminated its advisory agreements with Aegon and its sub-advisory agreement with Clairwood Capital Management Inc. effective December 31, 2015. Aegon USA Investment Management, LLC will continue to act as sub-advisor for Canoe Strategic High Yield Fund/Class and Canoe Global Income Fund/Class.

Canoe has also decided to internalize management of Canoe Global Value Class which will be co- managed by Rob Taylor and Sajan Bedi starting January 1, 2016. Canoe has terminated its sub- advisory agreement with McElvaine Investment Management Ltd. effective December 31, 2015.

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 $3.0 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 Funds, including conditions of purchase, investment strategy, distribution policy, management fees, and expenses, are set out in the Funds' 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. The indicated rates of return are the historical and annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution, or optional charges or income taxes payable by any security holder that would have reduced returns. 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.

2