The O’Leary Global Income Opportunities Fund has successfully issued an additional 725,000 units for total gross proceeds of $110.7 million, O’Leary Funds Management LP announced on Wednesday.

The additional units were issued under the over-allotment option in the issue.

The fund was created to invest globally, primarily in publicly-traded investment grade corporate bonds, convertible debt securities, preferred shares and dividend-paying equity securities of issuers having market capitalizations of at least $1 billion.

Stanton Asset Management Inc. and Savtrev, Inc. will work together to identify securities providing income and the potential for capital appreciation.

The units have separated into trust units and warrants, and now trade on the Toronto Stock Exchange independently under the symbols: OGO.un and OGO.wt.

Each warrant entitles the holder to purchase one trust unit at a subscription price of $12.00 by March 31, 2010.

The initial monthly cash distribution of $0.06 per unit is anticipated to be payable on April 15, 2009 to unitholders of record on March 31, 2009.

The syndicate of agents was co-led by CIBC World Markets Inc. and RBC Capital Markets.