Canoe Financial LP has filed the final prospectus for its initial public offering of the Canoe ‘GO CANADA’ Income Fund. The initial closing date will be on January 18.

The fund’s investment objectives are to provide investors with a monthly cash distribution; and maximize unitholders’ risk-adjusted total returns.

The monthly cash distributions are initially targeted to be 6.0% per unit per year on the $12.00 offering price ($0.06 per unit per month or $0.72 per unit per year).

The fund has been created to invest in an actively managed, diversified portfolio primarily comprised of equities and fixed income securities of Canadian businesses. Canoe Financial has retained Boston-based Haber Trilix Advisors, LP as portfolio advisor.

The offering is being conducted by a syndicate of Agents co-led by RBC Capital Markets and CIBC and includes BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., Canaccord Genuity Corp., GMP Securities L.P., HSBC Securities (Canada) Inc., Dundee Securities Corporation, Macquarie Private Wealth Inc., Raymond James Ltd., Wellington West Capital Markets Inc., Desjardins Securities Inc., Mackie Research Capital Corporation, Manulife Securities Incorporated and Rothenberg Capital Management.

Canoe Financial is a privately owned investment management firm which has over $1.6 billion in assets, including the EnerVest family of funds.

IE