TMXgroup

January 13, 2012

O'Leary Canadian Diversified Income Fund (the "Fund") - An application has been granted for the original listing in the Industrial category of up to 9,583,334 units (the "Units") of the Fund, of which up to 8,333,334 Units will be issued and outstanding and 1,250,000 Units will be reserved for issuance, upon completion of an initial public offering.

Listing of the Units will become effective at 5:01 p.m. on Monday, January 16, 2012, in anticipation of the offering closing on Tuesday, January 17, 2012. The Units will be posted for trading at the opening on Tuesday, January 17, 2012.

The registration and transfer of Units will be affected through the book-based system administered by CDS Clearing and Depository Services Inc. ("CDS"). Units must be purchased, transferred and surrendered for retraction only through a CDS Participant. Unitholders of the Fund will not receive physical certificates evidencing their ownership of the Units unless a request for a certificate is made to the Fund.

Additional information on the Units can be found in the Fund's final prospectus dated December 21, 2011 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.

Stock Symbol: ODI.UN   CUSIP: 67089Y 10 8   Trading Currency: CDN$

Temporary
Market Maker: Canaccord Genuity Corp.

Other Markets: None

Head Office
Address: 1010 Sherbrooke Street West
Suite 1700
Montreal, Quebec
H3A 2R7

Head Office
Telephone Number: (514) 849-2007

Fax Number: (514) 849-0065

Email Address: info@olearyfunds.com

Website Address: www.olearyfunds.com

Manager: O'Leary Funds Management LP

Portfolio Advisor: Stanton Asset Management Inc.

Investor Relations: Connor O'Brien
514-849-2007
cobrien@stantonasset.com

-and-

Louise Anne Poirier
514-849-2007
lapoirier@stantonasset.com

Chief Financial Officer,
Secretary and Director
of the Manager: Louise Anne Poirier

Incorporation: The Fund is an investment trust established under the laws of the Province of Ontario pursuant to a declaration of trust dated December 21, 2011.

Fiscal Year End: December 31

Nature of Business: The Fund has been created to invest in investment grade and high yield corporate bonds and dividend-paying equity
securities primarily of large and mid-cap Canadian issuers, and to a lesser extent of dividend-paying equity securities of large-cap U.S. issuers.

Transfer Agent
& Registrar: Computershare Investor Services Inc. at its principal office in Toronto.

Distributions: The Fund intends to make monthly distributions to Unitholders of record on the last Business Day of each month. Distributions will be paid on a Business Day designated by the Manager that will be no later than the 15th day of the following month. The Fund will not have a fixed monthly distribution but will determine and announce by press release at least annually commencing in December 2012, an expected distribution amount for the following twelve months. The initial monthly distributions are targeted to be $0.06 per Unit ($0.72 per annum representing an annual cash distribution of 6.0% based on the $12.00 per Unit issue price). The initial cash distribution is anticipated to be payable on March 15, 2012 to Unitholders of record on February 29, 2012.

Initial Public Offering: Pursuant to the terms of the Prospectus, a maximum of 9,583,334 Units (which includes 1,250,000 Units issuable upon exercise of the Over-Allotment Option) at a price of $12.00 per Unit, are being offered to the public by CIBC World Markets Inc., RBC Dominion Securities Inc., National Bank Financial Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., Macquarie Private Wealth Inc., Raymond James Ltd., Canaccord Genuity Corp., GMP Securities L.P., Desjardins Securities Inc., Dundee Securities Ltd., Mackie Research Capital Corporation, Manulife Securities Incorporated and MGI Securities Inc., as Agents.