Canoe Financial Announces Fund Closures

CALGARY, ALBERTA--(Marketwired - July 5, 2013) -

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Canoe Financial LP announces that Canoe Canadian Money Market Class (Series A and F) and Canoe Capital Appreciation Class (Series A and F) (together, the "Funds") will be terminated effective September 15, 2013. Given the small size of the Funds, Canoe Financial believes it is in the best interests of shareholders to close the Funds. Effective July 5, 2013 at 4:00 pm (ET), shares of the Funds will no longer be available for purchase, including purchases through existing regular investment plans.

Prior to the closure of the Funds, existing shareholders continue to have the option to switch their investments into any of Canoe Financial's other mutual funds or to redeem their shares. Upon termination of the Fund, existing shareholders will be exempt from all sales charges and redemption fees. We suggest shareholders of these Funds contact their financial advisor as soon as possible to discuss your options.

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 as at June 30, 2013, manages approximately $1.7 billion in assets through its investment products. To learn more about Canoe Financial, visit www.canoefinancial.com.

Forward Looking Statement: Certain statements included in this news release constitute forward looking statements which reflect Canoe Financial's current expectations regarding future results or events. Words such as "may," "will," "should," "could," "anticipate," "believe," "expect," "intend," "plan," "potential," "continue" and similar expressions have been used to identify these forward-looking statements. Forward-looking statements involve significant risks and uncertainties and a number of factors could cause actual results to materially differ from expectations discussed in the forward looking statements including, but not limited to, changes in general economic and market conditions and other risk factors. Although the forward-looking statements are based on what Canoe Financial believes to be reasonable assumptions, we cannot assure that actual results will be consistent with these forward-looking statements. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the current date and we assume no obligation to update or revise them to reflect new events or circumstances.

This communication 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 and should be read carefully before making any investment. This release is for information purposes only. Investors should consult their Investment Advisor for details and risk factors regarding specific strategies and various investment products.