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Warrants Alert

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Address: 2700 - 161 Bay St
Toronto ON M5J 2S1
Phone: 416 285 0050

Warrant Symbol - PPF.WT
Number Trading - 7,447,360
Expiration Date - November 30, 2011
Cusip - 74344U 11 1
Exercise Price - $10.00

Warrants called to trade news:

Propel Multi-Strategy Fund (the “Fund”) – Further to Toronto Stock Exchange Bulletin 2010-1459, dated December 7, 2010, which describes an initial public offering of the Combined Units of the Fund, the transferable redeemable units (‘‘Units'') and transferable warrants (‘‘Warrants''), comprising the Combined Units, will trade separately commencing at the opening on Friday, January 7, 2011, at which time the Combined Units (Symbol: PPF.A) will be halted and subsequently delisted at the close of business that day.

Under the trading information set out below, (i) 14,894,720 Units will be listed, of which 7,447,360 Units will be issued and outstanding and 7,447,360 Units will be reserved for issuance; and (ii) 7,447,360 Warrants will be listed, all of which will be issued and outstanding.

Stock Symbol: “PPF.UN”
CUSIP: 74344U 10 3
Trading Currency: CDN$

Stock Symbol: “PPF.WT”
CUSIP: 74344U 11 1
Trading Currency: CDN$

Designated Market Maker: Independent Trading Group

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