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Canoe Financial Announces Unitholder Approval of Canoe ‘GO CANADA’ Income Fund Merger Proposal

CALGARY, ALBERTA – December 14, 2012 – Canoe Financial LP (the “Manager”) announces that unitholders of the Canoe ‘GO CANADA’ Income Fund (the “Fund”) (TSX: GCI.UN) have approved the merger (the “Merger”) of the Fund into Canoe ‘GO CANADA!’ Equity Income Class (the “Continuing Fund”), an open-end mutual fund managed by Canoe Financial LP.  The Merger is expected to become effective as of the close of business on December 20, 2012 (the “Effective Date”).

Pursuant to the Merger, unitholders of the Fund will receive Series A shares of the Continuing Fund in exchange for their units of the Fund.  The exchange ratio (the “Exchange Ratio”) used for determining the number of Series A shares of the Continuing Fund to be received, in exchange for each unit of the Fund upon implementation of the Merger, will be calculated based on the relative net asset values of the Series A shares of the Continuing Fund and the units of the Fund as at the close of business on the Effective Date.  Any fractional Series A shares will be rounded down to the nearest whole number.  A further press release will be issued confirming the Exchange Ratio on the business day following the Effective Date.

Important Merger information for non-residents: unitholder accounts which are deemed to be non-resident of Canada may not be allowed to hold shares of Canoe ‘GO CANADA!’ Equity Income Class following the Merger where the holding of such shares could be detrimental to the Continuing Fund and accordingly may be redeemed immediately prior to or shortly after the Merger is completed.

About the Fund
The Fund is listed on the TSX under the symbol GCI.UN and provides investors with exposure to a diversified portfolio comprised primarily of equity and fixed-income securities of Canadian issuers. The Fund is managed by Bob Haber of Haber Trilix Advisors. 

About the Continuing Fund
The Continuing Fund is an open-end mutual fund and aims to provide a steady flow of income and capital growth through diversified investments primarily in Canadian equity and fixed-income securities.  The Continuing Fund is managed by Stephen Carlin, CFA of AEGON Capital Management. 

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 investment fund companies and as at November 30, 2012, manages approximately $1.6 billion in assets through its investment products. To learn more about Canoe Financial, visit www.canoefinancial.com.

For further information, please contact:
Investor Relations
Canoe Financial LP

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States of America.

Bob Haber is the Chief Executive Officer and Chief Investment Officer of Haber Trilix Advisors, LP, located in Boston, MA, U.S.A., who is a sub-advisor to Canoe Financial LP.  Canoe is the registered Portfolio Manager and Manager of the Fund.

Stephen Carlin, CFA is Senior Vice-President, head of Equities at AEGON Capital Management who is the sub-advisor to Canoe Financial LP. Canoe is the registered Portfolio Manager and Manager of the Fund.

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.