Amendment to Investment Strategies of Canoe ‘GO CANADA!’ North American Monthly Income Class
Calgary, Alberta – March 12, 2013 – Canoe Financial LP today announced that the investment strategies of Canoe ‘GO CANADA!’ North America Monthly Income Class are being amended.
Currently, Canoe ‘GO CANADA!’ North American Monthly Income Class seeks to achieve its investment objective by investing directly in high-yielding equity securities and corporate bonds of North American issuers. Effective today, the investment strategies of this fund will change to reflect that it will commence using derivatives in order to indirectly provide the fund with a return based on the performance of a portfolio of fixed income securities. The fund will, however, continue to invest directly in high yielding equity securities.
Canoe Financial LP is the manager, and AEGON Capital Management Inc. is the portfolio manager to the fund.
About Canoe Financial LP
Canoe Financial is an investment management firm focused on building financial wealth for Canadians through investing in Canada. Its ‘GO CANADA!’ investment thesis reflects Canoe’s strategic confidence in Canada as a place to invest. With continued global urbanization, increasing worldwide demand for resources, and Canada’s sound fiscal structure, Canoe believes this country provides long-term growth potential for investors.
Canoe is one of Canada’s fastest-growing mutual fund companies and as at February 28, 2013, manages approximately $1.7 billion in assets through its investment products. To learn more about Canoe Financial, visit www.canoefinancial.com.
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Forward Looking Statement: Certain statements included in this news release constitute forward looking statements which reflect Canoe Financial’s current expectations regarding future results or events. Words such as “may,” “will,” “should,” “could,” “anticipate,” “believe,” “expect,” “intend,” “plan,” “potential,” “continue” and similar expressions have been used to identify these forward-looking statements. Forward-looking statements involve significant risks and uncertainties and a number of factors could cause actual results to materially differ from expectations discussed in the forward looking statements including, but not limited to, changes in general economic and market conditions and other risk factors. Although the forward-looking statements are based on what Canoe Financial believes to be reasonable assumptions, we cannot assure that actual results will be consistent with these forward-looking statements. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the current date and we assume no obligation to update or revise them to reflect new events or circumstances.
This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Such an offer can only be made by way of a prospectus or other applicable offering document and should be read carefully before making any investment. This release is for information purposes only. Investors should consult their Investment Advisor for details and risk factors regarding specific strategies and various investment products.