Hesperian Capital Announces 2014 Distributions for Norrep Group of Funds

CALGARY, ALBERTA--(Marketwired - Jan. 14, 2014) - Hesperian Capital Management Ltd. ("Hesperian"), the Manager of a strategically focused group of public mutual funds and limited partnerships (the "Norrep Group of Funds"), announced today the 2014 expected distributions⁽¹⁾ for the following funds:

Norrep Opportunities Corp.

• $0.06 per share per month for Norrep Income Growth Class
• $0.04 per share per month for Norrep Global Income Growth Class
• $0.05 per share per month for Norrep High Yield Class
• $0.035 per share per month for the Norrep US Dividend Plus Class
• 1.0% of NAV per quarter for the Norrep Tactical Opportunities Class

Norrep Premium Portfolios Ltd.

• 1.0% of NAV per quarter for the Norrep Premium Growth Class

Norrep Market Neutral Income Fund

• $0.115 per unit per quarter

Norrep Short Term Income Fund

• $0.03 per unit per month

All distributions are payable on the last business day of the period to holders of record at the close of the prior business day. For example, the first monthly distribution of the new calendar year will be payable on January 31, 2014 to holders of record on January 30, 2014

The distribution is established at the beginning of each calendar year based on Hesperian's assessment of prevailing market conditions and may be adjusted during the year by Hesperian at its discretion. Prior to each tax year-end, each of the Funds may distribute excess income and capital gains to investors. Any distribution paid will automatically be reinvested, without charge, in additional shares or units of the same series, unless otherwise directed in writing.

Hesperian Capital Management Ltd. is a Canadian investment firm with offices in Calgary and Toronto. Please visit www.hesperiancapital.com for more details about Hesperian and the Norrep Group of Funds.

^{(1) Based on the MF or Class A Series}

Certain information set forth in this press release, including a discussion of future plans and operations, contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, environmental risks industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. Actual results, performance or achievement could differ from those expressed in or implied by these forward-looking statements.