CALGARY, Alberta, Jan. 22, 2018 (GLOBE NEWSWIRE) -- Canoe 2016 Flow-Through LP (the "Partnership") announces that the tax-deferred transfer of the assets relating to the CDE Units and CEE Units into Canoe Energy Class (the "Fund") Canoe ‘GO CANADA!’ Fund Corp. (the “Fund Corp.”), has been completed and the Partnership has been dissolved, effective January 19, 2018.

CDE Units
As a result of the foregoing, each limited partner of the Partnership holding CDE Units received approximately 1.579 Series A shares of Canoe Energy Class (the “Fund”) of the Fund Corp. at a net asset value of $11.44 per Series A share for each CDE unit held in the Partnership. The net asset value per CDE Unit on rollover was $18.07 (rounded) per Unit.

CEE Units
As a result of the foregoing, each limited partner of the Partnership holding CEE Units received approximately 1.015 Series A shares of Canoe Energy Class (the “Fund”) of the Fund Corp. at a net asset value of $11.44 per Series A share for each CEE unit held in the Partnership. The net asset value per CEE Unit on rollover was $11.62 (rounded) per Unit.

The Fund’s investment objective is to provide long-term capital growth through investments in securities related to the energy sector. The Fund invests primarily in companies that are involved in the exploration, development and production of oil and natural gas in Canada and abroad and in companies, which service such industries. The Fund is managed by Canoe Financial LP (“Canoe Financial”) Senior Portfolio Manager and Director, Rafi G. Tahmazian, and Portfolio Manager, Kyle Hunter.

About Canoe Financial LP

Canoe is one of Canada’s fastest growing independent mutual fund companies managing over $4.6 billion in assets across a diversified range of award-winning mutual funds, flow-through limited partnerships and private energy equity products. Founded in 2008, Canoe Financial LP is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe has expanded from its Calgary head office to across Canada, including offices in Toronto, Vancouver, Winnipeg, Ottawa and Montreal.

For further information, please contact:
Investor Relations
1–877–434–2796
www.canoefinancial.com
info@canoefinancial.com

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States of America.

‘GO CANADA!’ is a registered trade-mark of Canoe Financial LP.

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. Commissions, management fees and expenses all may be associated with investment funds. Please read the information filed about the fund on www.sedar.com before investing. Investment funds are not guaranteed, and there can be no assurances that the fund will be able to maintain its net asset value at a constant amount or that the full amount of an investment in the fund will be returned to unitholders. Past performance is not indicative of future performance.

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