O’Leary Funds Management LP has filed preliminary prospectus for the O’Leary Canadian Diversified Income Fund. The fund proposes to issue units priced at $12.00 each.
The fund has been created to invest in investment grade and high yield corporate bonds and dividend-paying equity securities primarily of large and mid-cap Canadian issuers, and to a lesser extent of dividend-paying equity securities of large-cap U.S. issuers.
The fund’s investment objectives are to provide unitholders with monthly distributions, and to preserve capital.
O’Leary Funds has retained Stanton Asset Management Inc. to provide investment advisory services to the Fund. Stanton is a Canadian investment firm focused on global investment opportunities, and is also the manager of a variety of specialized funds.
The syndicate of agents is co-led by CIBC and RBC Capital Markets, and includes National Bank Financial Inc., BMO Capital Markets, Scotia Capital Inc., TD Securities Inc., Macquarie Capital Markets Canada Ltd., Raymond James Ltd., Canaccord Genuity Corp., GMP Securities L.P., Desjardins Securities Inc., Dundee Securities Ltd., Mackie Research Capital Corporation, Manulife Securities Incorporated and MGI Securities Inc.
Prospective purchasers may buy units either by cash payment an exchange of freely tradeable securities of any exchange eligible issuer.