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Aug 16, 2011
OPTIMUS ANNOUNCES AGENCY AGREEMENT
OPTIMUS ANNOUNCES (NEW) AGENCY / DISTRIBUTION AGREEMENT: SENTINEL FINANCIAL MANAGEMENT CORP. TO OFFER OPTIMUS US REAL ESTATE FUND TO CLIENTS
CALGARY, ALBERTA (August 16, 2011)
Sentinel Financial Management Corp. (Sentinel), a mutual fund dealership and exempt market dealer, has executed an Agency Agreement with Optimus US Real Estate Fund (Optimus) to raise capital on a best effort basis for Optimus’ open-ended investment trust.
Optimus is using investor capital, along with close to $16 million invested by the management team and board, to acquire a diversified portfolio of US real estate, primarily located in desirable areas of the Southern and Southwestern United States.
“We recognized the strength of the Optimus management team, both in terms of skill and investment in the Fund, and the timeliness of the investment opportunity in the US. After thorough due diligence, we are confident they bring a quality investment product that we strongly believe will significantly benefit our clients,” said Merlin Chouinard, President, Owner and Compliance Officer of Sentinel Financial Management Corp.
With a growing portfolio of 363 undervalued condos in key US markets including Las Vegas, Phoenix and Orlando, Optimus is generating significant rental cash flow on properties with solid capital appreciation forecasts.
“Sentinel understands the tremendous opportunity right now in the US housing market. Optimus US Real Estate Fund provides an arm-chair opportunity for their clients to participate in a larger portfolio of properties and earn rental cash flow,” said Arthur Wong, Managing Director & CEO of Optimus US Real Estate Fund. “Early investors in the Fund have already received approximately $722,000 in cash distributions from the rental income.”
Investors receive 99.9% of all net proceeds from property rent or lease income until the properties are sold, at which time they will receive 70% of the net proceeds resulting from the sale.
For additional information regarding this investment opportunity visit www.optimususrealestate.com or contact:
François Le Bel, Eng., M.Sc.
VP – Exempt Markets, Optimus US Real Estate Fund
m: +1 (403) 978-2468
THIS PRESS RELEASE IS NOT AN OFFER TO SELL SECURITIES IN THE UNITED STATES
About Optimus US Real Estate Fund
The Optimus US Real Estate Fund is a prospectus exempt, open-ended investment trust that presents a rare opportunity to capitalize on an unprecedented downturn in US real estate prices. Designed with investors in mind, the fund optimizes both Canadian and US tax treatments and is RRSP eligible. The highly skilled and dedicated management team has more than $3 billion in real estate acquisitions and financing experience.
About Sentinel Financial Management Corp.Beginning in 1981 as a life insurance brokerage house, Sentinel Financial Management Corp. has established a reputation for quality investment products and knowledgeable representatives. Now with a broader focus on investment planning, Sentinel offers a range of investment opportunities to clients including mutual funds, segregated funds, GICs, tax-sheltered products, registered investments (RRSPs, RRIFs, LIFs, LRIFs), exempt market products and real estate investments.
Forward Looking Statements
Certain information in this Release is forward-looking and related to the anticipated financial performance, events and strategies of the Optimus U.S. Real Estate Fund and the General Partner (collectively, "Optimus" or the "Fund" in this note). All statements other than statements of historical fact are forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward looking information. These statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Optimus believes the assumptions reflected in the forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements speak only as at the date hereof. Undue reliance should not be placed on forward-looking information, as there can be no assurance that the plans, assumptions, intentions or expectations upon which they are based will occur.