Canoe Financial Expands Product Offering With Launch of New Balanced and Fixed Income Mutual Funds

CALGARY, ALBERTA--(Marketwire - Jan. 7, 2013) - Canoe Financial LP, one of the fastest growing mutual fund companies in Canada, today introduced two new income-oriented mutual funds. These two new funds expand Canoe's mutual fund line-up in the important Global Neutral Balanced and Global Fixed Income categories.

The new funds, available now, are the Canoe North American Monthly Income Fund and Canoe Strategic High Yield Fund.

"In today's constantly changing financial environment, investors are looking for investment solutions that can keep pace with this continuous evolution," said W. Brett Wilson, chairman of Canoe Financial. "We had that top of mind with this expansion of our mutual fund lineup. These two new funds are just the latest example of Canoe's commitment to providing quality products to meet investor and advisor needs."

AEGON Capital Management Inc. (ACM) has been appointed portfolio manager for the two new funds in Canoe's line-up. Globally, AEGON Asset Management companies are responsible for managing in excess of US$300 billion and are widely recognized for strong, consistent returns and astute risk management. In Canada, ACM manages $8.8 billion for a range of clients and has generated highly rated and ranked performance in its income-focused funds over the past ten years.

"Demand for balanced and fixed-income investment solutions is on the rise," added Nevin G. Markwart, CFA, Canoe Financial's president and chief executive officer. "Many investors tell us they are looking for ways to generate income in retirement. Others simply prefer the reduced volatility associated with income-oriented portfolios. Canoe is excited to introduce these two global, income-oriented funds to investors and advisors across the country."

About the New Canoe Funds:

- Canoe North American Monthly Income Fund:

The North American Monthly Income Fund is intended to provide investors with income and long-term capital growth by investing in dividend-paying North American equities and corporate bonds. The target asset mix for the Fund is approximately 50% fixed income and 50% equity securities. The Fund is managed by AEGON Capital Management.

- Canoe Strategic High Yield Fund:

The Fund is designed to generate a high level of current income for investors by investing primarily in U.S. high-yield debt securities. The Fund is managed by AEGON Capital Management and sub-advised by AEGON USA Investment Management, LLC*.

About Canoe Financial LP

Canoe Financial is an investment management firm focused on building financial wealth for Canadians through investing in Canada. Its 'GO CANADA!' investment thesis reflects Canoe's strategic confidence in Canada as a place to invest. With continued global urbanization, increasing worldwide demand for resources, and Canada's sound fiscal structure, Canoe believes this country provides long-term growth potential for investors.

Canoe is one of Canada's fastest-growing mutual fund companies and currently manages approximately $1.6 billion in assets as at December 31, 2012 through its investment products. To learn more about Canoe Financial, visit www.canoefinancial.com.

*AEGON USA Investment Management, LLC acts as an unregistered sub-advisor to the Canoe Strategic High Yield Fund further to relief granted in December 2012 by the Alberta Securities Commission.

Important information regarding the Funds, including conditions of purchase, investment strategy, distribution policy, management fees, and expenses, are set out in the Funds' Simplified Prospectus and Annual Information Form which are available on Canoe's website at www.canoefinancial.com or SEDAR at www.sedar.com. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed and their values change frequently. These funds are new and there is no history of performance associated with these Funds. This communication is for information purposes only and is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Such an offer can only be made by way of a prospectus or other applicable offering document which should be read carefully before making any investment. Investors should consult their Investment Advisor for complete details and risk factors on specific strategies and various investment products.

This communication may contain forward-looking statements which involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated, and should not be unduly relied upon. Canoe does not undertake any obligation to publicly update or revise any forward-looking statements. Market conditions may change and Canoe accepts no responsibility for individual investment decisions arising from the use or reliance on the information contained herein.