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Press release from Marketwire

Manager Comments on 2013 Federal Budget

Tuesday, March 26, 2013

Manager Comments on 2013 Federal Budget17:00 EDT Tuesday, March 26, 2013TORONTO, ONTARIO--(Marketwire - March 26, 2013) -(TSX:OCS.UN)(TSX:OSL.UN)NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATESOn March 21, 2013, the Minister of Finance announced proposed measures which would affect certain tax benefits of the distributions paid to taxable unitholders of investment funds, such as OCP Credit Strategy Fund (TSX:OCS.UN) and OCP Senior Credit Fund (TSX:OSL.UN) (collectively, the "Funds"), that utilize forward purchase and sale agreements to obtain exposure to an underlying reference portfolio. Based on its review to date, Onex Credit Partners, LLC, the manager of the Funds (the "Manager"), believes that the Funds and the tax characterization of distributions received by unitholders will be unaffected until the expiration of the forward agreements (OCS.UN: November 2014 & OSL.UN: November 2015). The Manager awaits further guidance from the Federal Government on the implementation of the budget proposals and will provide additional details as soon as it is in a position to do so. Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the Funds' publicly filed documents which are available from SEDAR at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this news release and to other matters identified in public filings relating to the Funds, to the future outlook of the Funds and anticipated events or results and may include statements regarding the future financial performance of the Funds. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information.Such forward-looking statements reflect the Manager's current beliefs with respect to future events and are based on information currently available to the Manager. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements. The opinions contained in this news release are solely those of the Manager and are subject to change without notice. The reference information was obtained from publicly available sources, and although the Manager believes that these independent sources are generally reliable, the accuracy and completeness of such information is not guaranteed and has not been independently verified. The Manager assumes no responsibility for any losses or damages, whether direct or indirect which arise from the use of this information and expressly disclaim liability for an errors or omissions of this information. The Manager does not assume any obligation, to update or revise these forward-looking statements to reflect new events or circumstances.FOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: OCP Credit Strategy FundOCP Senior Credit FundToronto: 647.260.4055 or Toll Free: 1.877.260.4055www.ocpcreditstrategy.comwww.ocpseniorcredit.com