Canoe Financial Announces Receipt of Unitholder and Regulatory Approvals in Respect of the Proposed Fund Mergers

CALGARY, ALBERTA--(Marketwired - Aug. 17, 2017) -

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States of America.

Canoe Financial LP ("Canoe" or the "Manager") is pleased to announce that it has obtained unitholder and regulatory approval to proceed with the proposed fund mergers (the "Mergers").

The Mergers

The Mergers were approved by unitholders at special meetings held on August 16, 2017 and August 17, 2017.

As previously announced, the below table outlines the funds to be merged into their corresponding continuing funds. The Mergers are expected to be completed as of the close of business on August 18, 2017.

More information about the Mergers is set out in the Notice of Special Meetings and Management Information Circular dated July 17, 2017, which is available on SEDAR at www.sedar.com and the Manager's website at www.canoefinancial.com

About Canoe Financial

Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial-growingis independentone of mutualCanada'sfund faste companies and currently manages approximately $4.3 billion in assets across a diversified range of award-winning mutual funds and private energy equity products. Canoe Financial has expanded from its Calgary head office across Canada, including a significant presence in Toronto and offices in Vancouver, Winnipeg, Ottawa and Montreal. To learn more about Canoe Financial and its investment products, visit www.canoefinancial.com.

This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Such an offer can only be made by way of a prospectus or other applicable offering document and should be read carefully before making any investment. This release is for information purposes only. Investors should consult their Investment Advisor for details and risk factors regarding specific strategies and various investment products.

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the information filed about the fund on www.sedar.com before investing. Investment funds are not guaranteed and past performance may not be repeated.