O’Leary Global Income Opportunities Fund has filed the final prospectus for its initial public offering of units, O’Leary Funds Management said Monday.

The offering is expected to close on Feb. 27.

The fund proposes to issue $150 million of units at a price of $12 per unit. Each unit consists of one transferable trust unit and one trust unit purchase warrant.

The units will separate into trust units and warrants upon the earlier of the closing of the over-allotment option and the 30th day following the closing of the offering.

Each warrant entitles the holder to purchase one trust unit for $12 on or before 17:00 ET on Mach 31, 2010. Warrants not exercised at that time will be void and of no value.

The fund has been 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. believes that current market and economic conditions, for investing in corporate bonds and convertible debt securities as well as preferred shares and dividend-paying equities, are attractive for investors seeking a diversified source of total return and income.

The fund will permit investors to capitalize on the knowledge and capabilities of Stanton and Savtrev, Inc.

The fund’s investment objectives are: to maximize total return the unitholders, and to provide unitholders with monthly distributions initially targeted to be 6¢ per trust uni , or 72¢ a year, representing an annual cash distribution of 6% based on the $12 unit issue price.

The syndicate of agents is co-led by CIBC World Markets Inc., RBC Capital Markets and includes BMO Capital Markets, Scotia Capital Inc., National Bank Financial Inc., Blackmont Capital Inc., Wellington West Capital Inc., Canaccord Capital Corp., Dundee Securities Corp., HSBC Securities (Canada) Inc. and Raymond James Ltd.