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Canoe Strategic Resources Income Fund Announces Allocation of 2011 Distributions

CALGARY, ALBERTA – March 9, 2012 - Canoe Strategic Resources Income Fund (the “Fund”)(TSX - CSR.UN) announced today the allocation of the distributions declared in 2011 to Canadian resident unitholders.  The Fund distributed $0.36 per unit in 2011, 100% of which is Return of Capital. Return of Capital reduces the adjusted cost base of the unitholder’s trust unit. 

T3 Tax Slips
Information regarding the tax breakdown of the Fund distributions has been sent electronically to Investment Dealers, who are responsible for the preparation and delivery of T3 tax slips to their clients.  The mailing deadline for delivery of the tax slips is March 31, 2012.  We urge investors to contact their Investment Advisor directly to determine their specific preparation and delivery schedule.  

Non-Resident Unitholders
Non-resident unitholders are not subject to the same tax breakdown as Canadian resident unitholders. Please consult your tax professional or Investment Advisor to discuss your particular situation. 

About the Fund
The Fund is listed on the TSX under the symbol CSR.UN and provides investors with an actively managed portfolio comprised primarily of equity securities of issuers listed on North American stock exchanges whose businesses are directly or indirectly related to one of the following six Strategic Resources: oil, natural gas, copper, agriculture, gold and silver.  Bob Haber is the portfolio manager of 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 investment fund companies and currently manages approximately $1.7 billion in assets through its investment products. To learn more about Canoe Financial, visit

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, which is a 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.