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Press release from CNW Group

Propel Capital Corporation announces distributions for the Canadian Convertibles Plus Fund, Canadian High Yield Focus Fund, Diversified Alpha Fund II and Strategic Income Allocation Fund.

Thursday, June 21, 2012

Propel Capital Corporation announces distributions for the Canadian Convertibles Plus Fund, Canadian High Yield Focus Fund, Diversified Alpha Fund II and Strategic Income Allocation Fund.14:28 EDT Thursday, June 21, 2012TORONTO, June 21, 2012 /CNW/ - Propel Capital Corporation announces distributions for the Canadian Convertibles Plus Fund, Canadian High Yield Focus Fund, Diversified Alpha Fund II and Strategic Income Allocation Fund.Quarterly Distributions:For the quarter ending June 30, 2012 the Canadian Convertibles Plus Fund, Canadian High Yield Focus Fund and Diversified Alpha Fund II will make the following distributions. These distributions are expected to consist primarily of return of capital.  FundTSX SymbolDistribution Amount (per unit)Record DatePayment DateCanadian Convertibles Plus FundCCI.UN$0.15625June 30, 2012July 16, 2012Canadian High Yield Focus FundCAH.UN$0.19500June 30, 2012July 16, 2012Diversified Alpha Fund IIAFT.UN$0.15000June 30, 2012July 16, 2012Monthly Distributions:For months ending June, July and August 2012, the Strategic Income Allocation Fund will make the following distributions. These distributions are expected to consist primarily of return of capital.  FundTSX SymbolRecord DatePayment DateDistribution Amount (per unit)Strategic Income Allocation FundSIF.UNJune 30, 2012July 16, 2012$0.05417Strategic Income Allocation FundSIF.UNJuly 31, 2012August 15, 2012$0.05417Strategic Income Allocation FundSIF.UNAugust 31, 2012September 17, 2012$0.05417For further information: please call Raj Lala, President, Propel Capital at 416-572-2364 or visit www.propelcapital.ca