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Press release from PR Newswire

Canadian Convertibles Plus Fund Announces Filing of Short Form Prospectus

Friday, March 30, 2012

Canadian Convertibles Plus Fund Announces Filing of Short Form Prospectus18:11 EDT Friday, March 30, 2012 TORONTO, March 30, 2012 /PRNewswire/ - Canadian Convertibles Plus Fund (TSX: CCI.UN) (the "Fund") announces that it has filed a short form prospectus dated March 29, 2012 with the securities regulatory authorities of all of the Canadian provinces and territories with respect to an additional offering of a maximum of 2,200,000 Units of the Fund at $8.85 per unit. Closing of the offering is expected to occur on April 11, 2012. The Fund has also granted the agents an over-allotment option, exercisable in whole or in part at any time up to 30 days after closing, to purchase an additional 330,000 units at a price of $8.85 per unit. The Fund has exposure to an actively managed diversified portfolio (the "Portfolio") comprised primarily of convertible debentures of Canadian issuers. The Fund is managed by Propel Capital Corporation ("Propel"). The Fund's Portfolio Manager is Fiera Sceptre Inc. ("Fiera"). The Fund's investment objectives are to provide holders of Units ("Unitholders") with: i.       quarterly tax-advantaged distributions; ii.       preservation of capital; and iii.       the opportunity for capital appreciation. Propel is responsible for creating, structuring, managing, and promoting the Fund and the Portfolio Trust. Propel has retained Fiera to provide portfolio management services to the Fund and Portfolio Trust. Fiera is one of the largest independent money managers in Canada with over $29 billion in assets under management, including approximately $19.4 billion in fixed income assets. The syndicate of agents for this offering is being led by BMO Capital Markets, CIBC, and RBC Capital Markets, and includes National Bank Financial Inc., GMP Securities L.P., Scotia Capital Inc., TD Securities Inc., Canaccord Genuity Corp., Desjardins Securities Inc., Raymond James Ltd., Dundee Securities Corporation, Macquarie Private Wealth Inc., 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 Canadian Convertibles Plus FundFor further information: <p> Raj Lala, President, Propel Capital at 416-572-2364 or visit <a href=""></a> </p>