Canadian Warrants

Stock symbol: OBF.WT
Warrant Cusip No.: 67089A 11 8
Trading currency: Canadian dollars
Temporary market-maker: W.D. Latimer Co. Ltd.

CDS Clearing and Depository Services Inc. will record the CDS participants who hold units and warrants on behalf of owners who have purchased or transferred units and warrants in accordance with the book-based system. Certificates evidencing warrants will not be issued unless a request for a certificate is made to the fund. As the units and warrants will trade in the book-based system of CDS, unitholders need not take any action with respect to receiving the units and warrants upon the separation of the combined units.

Additional information on the units and the warrants can be found in the fund's prospectus dated Feb. 24, 2010, which is available at SEDAR. Capitalized terms not otherwise defined herein are as defined in the prospectus.

Warrants: Each whole warrant entitles the holder to purchase one unit at the subscription price of $12 per unit by notifying the warrant trustee between the first business day of any month and 5 p.m. (Toronto time) on the 10th business day of such month up until June 30, 2011. Such warrants will be exercised effective as at 5 p.m. on the 10th business day of the applicable month. Warrants are also exercisable on June 30, 2011, prior to 5 p.m. (Toronto time) on that date. Holders who exercise the warrants will become holders of units, issued through the exercise of the warrants. Warrants not exercised prior to 5 p.m. (Toronto time) on June 30, 2011, will be void and of no value.

The warrants are governed by the terms of a warrant indenture dated as of March 19, 2010, between the fund and Computershare Trust Company of Canada. A fee of 18 cents per warrant will be payable to the broker whose client is exercising the warrant and 12 cents per warrant will be payable by the fund to the agents for each warrant exercised. The warrantindenture provides for appropriate adjustments to the rights of holders of warrants in the event of stock dividends, subdivisions, consolidations or other forms of capital reorganization.

O'Leary BrIC-Plus completes $174-million offering

2010-03-19 11:49 MT - News Release
O'Leary BrIC-Plus Income & Growth Fund closed today its initial public
offering of 14.5 million units at a price of $12 per unit for total gross
proceeds of $174-million. The fund has granted the agents an overallotment
option exercisable in whole or in part for a period of 30 days following the
closing of the offering, to acquire up to an additional 2,175,000 units.

Each unit consists of one transferable trust unit and one trust unit
purchase warrant. The units will separate into trust units and warrants,
upon the earlier of the closing of the overallotment option and the 30th day
following the closing of the offering.

Each warrant entitles the holder to purchase one trust unit at a
subscription price of $12 on or before 5 p.m. (Toronto time), on June 30,
2011. Warrants not exercised by the warrant expiry time will be void and of
no value. Once separated, the trust units and the warrants will trade on the
Toronto Stock Exchange independently under the symbols OBF.un and OBF.wt.

On or before April 1, 2012, the fund will become an open-end mutual fund,
the trust units of the fund will be delisted and the units will become
redeemable at their net asset value per trust unit, on a daily basis.

The syndicate of agents is co-led by CIBC World Markets Inc. and RBC Capital
Markets, and includes BMO Capital Markets, Scotia Capital Inc., National
Bank Financial Inc., Canaccord Financial Ltd., HSBC Securities (Canada)
Inc., Macquarie Capital Markets Canada Ltd., Dundee Securities Corp., GMP
Securities LP, Raymond James Ltd., Wellington West Capital Markets Inc.,
Desjardins Securities Inc., Mackie Research Capital Corp., Manulife
Securities Inc., MGI Securities Inc. and Paradigm Capital Inc.