Canoe Strategic Resources Income Fund Announces November 2012 Distribution
CALGARY, ALBERTA – November 20, 2012 – Canoe Strategic Resources Income Fund (the “Fund”)(TSX – CSR.UN) announces the November 2012 distribution of $0.06 per unit. The distribution will be paid on December 14, 2012 to unitholders of record on November 30, 2012. The ex-distribution date for this payment is November 28, 2012.
About the Distribution
The Fund’s objectives are to provide unitholders with monthly cash distributions and to maximize unitholders’ risk-adjusted total returns.
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. The Fund is managed by Bob Haber of Haber Trilix Advisors.
Canoe Strategic Resources Income Fund has scheduled a special meeting of unitholders on December 13, 2012 to consider the merger of the Fund into Canoe 'GO CANADA!' Equity Income Class, an open-end mutual fund managed by Canoe Financial LP. Details of the proposed merger will be contained in a management information circular which is expected to be mailed in late November. The information circular will also be available on www.sedar.com and posted on Canoe Financial's website.
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 October 31, 2012, manages approximately $1.8 billion in assets through its investment products. To learn more about Canoe Financial, visit www.canoefinancial.com.
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.
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.