OCP Credit Strategy Fund filed a Notice of Intention and received approval from the Toronto Stock Exchange to commence a normal course issuer bid on July 13, 2012. Under the bid, the company will repurchase up to 3,002,064 trust units, representing 10% of the public float as well as of the unit issued and outstanding. Trust units purchased will be cancelled. The Fund will not purchase in any given 30 day period, in the aggregate more than 600,413 trust units, being 2% of the issued and outstanding trust units. All purchases will be made through the facilities and in accordance with the requirements of the Toronto Stock Exchange. The bid will continue for a period of 12 months commencing from July 17, 2012 till July 16, 2013, or on such date as the Fund completes its purchase under the normal course issuer bid or on such date as the Fund may otherwise determine. As of July 11, 2012, the fund had 30,020,640 trust units issued and outstanding.