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Press release from PR Newswire

Coxe Global Agribusiness Income Fund announces filing of preliminary short form prospectus

Thursday, March 22, 2012

Coxe Global Agribusiness Income Fund announces filing of preliminary short form prospectus17:27 EDT Thursday, March 22, 2012 /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ TORONTO, March 22, 2012 /PRNewswire/ - Coxe Global Agribusiness Income Fund (the "Fund") is pleased to announce that it has obtained a receipt for the preliminary short form prospectus in connection with the follow-on offering (the "Offering") of its units ("Units"). The Fund has been created to provide investors with long term capital growth by executing the agribusiness investment thesis of Donald G. M. Coxe, Chairman of Coxe Advisors LLP. The investment objectives of the Fund are to provide holders of Units with long term capital growth, quarterly distributions and lower overall volatility of portfolio returns than would be experienced by owning securities of Agribusiness Issuers (defined below) directly. Distributions are currently targeted to be $0.50 per Unit per annum, representing a yield of 5.0% per annum based on the original issue price of $10.00 per Unit. The Fund invests in a diversified portfolio (the "Portfolio") of publicly-listed securities of issuers ("Agribusiness Issuers") engaged in various aspects of agriculture, including food production, such as grains and livestock, agriculture equipment and sales, fertilizers, seed and specialty chemicals and agriculture infrastructure, including water, energy and alternative energy, transportation, agriculture technology and biotechnology related to the agribusiness industry. The Portfolio is well-diversified within the agribusiness industry and consists primarily of exchange-traded equities, but may include exchange-traded funds, debt, cash or cash equivalents. In order to seek to earn income from option premiums to supplement the dividends and distributions generated by the Portfolio and to lower the overall volatility of returns associated with the securities of Agribusiness Issuers held in the Portfolio, Connor, Clark & Lunn Capital Markets Inc. writes covered call options from time to time on up to 25% of the Portfolio. The Units are listed on the Toronto Stock Exchange under the symbol CAG.UN. Harris Investment Management, Inc. is the investment manager of the Fund and BMO Nesbitt Burns Inc. is the promoter and agent in connection with the Offering and acts as administrator of the Fund. This press release shall not constitute an offer to sell or the solicitation of an offer to buy Units in the United States, nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful. The Units offered have not been registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the United States or to a U.S. person absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws. A preliminary short form prospectus containing important information relating to the Units has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. The preliminary short form prospectus is subject to completion or amendment. Copies of the preliminary short form prospectus may be obtained from BMO Capital Markets. There will not be any sale or any acceptance of an offer to buy the Units until a receipt for the final short form prospectus has been issued. COXE GLOBAL AGRIBUSINESS INCOME FUND SOURCE Coxe Global Agribusiness Income FundFor further information: <p> please contact BMO Capital Markets at 1.866.864.7760. </p>