Canoe 2016 Flow-through LP Announces Intention to Complete Rollover and Dissolution

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

CALGARY, Alberta, Nov. 20, 2017 (GLOBE NEWSWIRE) -- Canoe 2016 Flow-Through LP (the “Partnership”) announces that it will be proceeding with the tax-deferred transfer of the assets of the Partnership (the "Mutual Fund Rollover Transaction") into Canoe Energy Class (the "Fund") Canoe ‘GO CANADA!’ Fund Corp. (the “Fund Corp.”), or to a similar successor investment entity, in exchange for Series A mutual fund shares (“Fund Shares”) of Canoe Energy Class (“CEC”), or similar successor investment security. 

The Mutual Fund Rollover Transaction will take place on or about January 19, 2018 (the “Transaction Date”) after the close of business. In exchange for the assets, Series A shares of the Fund will be issued to the Partnership. Within 60 days of the Transaction Date, the Partnership will be dissolved and the Fund Shares received by the Partnership as consideration for the transfer of its assets to the Fund Corp. will be distributed to individual limited partners on a dollar equivalent basis. Completion of the Transaction will be subject to the receipt of all necessary regulatory approvals and other usual closing conditions.

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, Rafi G. Tahmazian., and Portfolio Manager, Kyle Hunter.

About Canoe Financial LP
Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians.  Canoe Financial is one of Canada’s fastest-growing independent mutual fund companies and currently manages approximately $4.3 billion in assets across a diversified range of award-winning mutual funds and private energy equity products.  Canoe Financial has expanded from its Calgary head office across Canada, including a significant presence in Toronto and offices in Vancouver, Winnipeg, Ottawa and Montreal. To learn more about Canoe Financial and its investment products, visit www.canoefinancial.com.

Further Information
Investor Relations
Canoe Financial LP
1–877–434–2796
www.canoefinancial.com
info@canoefinancial.com

The Fund makes monthly distributions of an amount comprised in whole or in part of Return of Capital (ROC) of the net asset value per unit. A ROC reduces the amount of your original investment and may result in the return to you of the entire amount of your original investment. ROC that is not reinvested will reduce the net asset value of the fund, which could reduce the fund’s ability to generate future income. You should not draw any conclusions about the fund’s investment performance from the amount of this distribution.

Commissions, trailing 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 past performance may not be repeated.

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.