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North American Preferred Share Fund Files Final Prospectus

TORONTO, April 19, 2013 /CNW/ - North American Preferred Share Fund (formerly North American Preferred Share Advantaged Fund) (the "Fund") announced today that it has filed a final prospectus dated April 19, 2013 with the securities regulatory authorities of all the Canadian provinces and territories for an initial public offering of transferable trust units (the "Units") of the Fund at $25.00 per Unit.

The Fund's investment objectives are to provide unitholders with stable monthly cash distributions and preservation of capital.  The Fund has been created to invest in an actively managed portfolio consisting principally of Canadian and U.S. preferred shares.  The Fund's distributions are initially targeted to be 5.5% per annum on the subscription price of $25.00 ( $0.1146 per Unit per month or $1.375 per annum).

Propel Capital Corporation ("Propel") is the manager and promoter of the Fund.  Propel has retained Fiera Capital Corporation to provide portfolio management services to the Fund. Fiera is one of the largest independent money managers in Canada with over $58 billion in assets under management as at December 31, 2012, including approximately $1.75 billion in preferred securities.

The syndicate of agents for this offering is being led by CIBC, National Bank Financial Inc., and RBC Capital Markets, and includes BMO Capital Markets, GMP Securities L.P., Scotiabank, TD Securities Inc., Macquarie Private Wealth Inc., Raymond James Ltd., Canaccord Genuity Corp., Desjardins Securities Inc., Dundee Securities Corporation, and Manulife Securities Inc.

This offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from one of the above-noted agents. Investors should read the prospectus before making an investment decision.

SOURCE North American Preferred Share Fund

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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