O’Leary BRIC-Plus Income & Growth Fund has completed its initial public offering for gross proceeds of $174 million, O’Leary Funds Management LP said Friday.

The offering consisted of 14.5 million units priced at $12.00 per unit.

The fund has granted the agents an over-allotment option exercisable in whole or in part for a period of 30 days following the closing to acquire up to an additional 2,175,000 units.

The units are now trading on the Toronto Stock Exchange under the ticker symbol OBF.a.

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