The final prospectus for the O’Leary Canadian Diversified Income Fund has been filed with the securities regulatory authorities across Canada, O’Leary Funds Management LP said Thursday.
The offering of $12 units is scheduled to close on January 17.
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 holders of Units with monthly distributions, and to preserve capital.
Prospective purchasers may continue to purchase units by cash payment. The exchange option ratios are available in the prospectus for those prospective purchasers who deposited securities of exchange eligible issuers prior to the December 5, 2011 deadline.
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.