Canoe 2014 Flow-Through LP Announces Rollover of CDE Portfolio & Dissolution

CALGARY, ALBERTA--(Marketwired - Feb. 16, 2016) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

Canoe 2014 Flow-Through LP (the "Partnership") announces that, effective February 12, 2016, the tax-deferred transfer of the assets relating to the CDE Units of the Partnership to Canoe 'GO CANADA!^®' Fund Corp. (the "Fund Corp.") has been completed and the Partnership has been dissolved effective February 16, 2016.

As a result of the foregoing, each limited partner of the Partnership holding CDE Units received approximately 0.889760 Series A shares of Canoe Energy Class (the "Fund") of the Fund Corp. at a net asset value of $8.12 per Series A share for each CDE unit held in the Partnership. The net asset value per CDE Unit on rollover was $7.23 (rounded) per Unit.

The Fund's investment objective is to provide long-term capital growth through investments in securities related to the energy sector. The Fund invests primarily in companies that are involved in the exploration, development and production of oil and natural gas in Canada and abroad and in companies which service such industries. The Fund is managed by Canoe Financial Senior Portfolio Manager, Rafi G. Tahmazian, and Associate Portfolio Manager, David Szybunka.

In addition to the Fund, the Canoe 'GO CANADA!^®' Fund Corp. has 13 additional fund classes: Bond Advantage

Class, Enhanced Income Class, Global Income Class, Strategic High Yield Class, Canadian Monthly Income Class, Canadian Asset Allocation Class, North American Monthly Income Class, Equity Income Class, Equity Class, U.S. Equity Income Class, Global Equity Income Class, Global Opportunities Class and Energy Income Class, allowing investors to switch between share classes on a tax-deferred basis.

About Canoe Financial LP

Founded in 2008, Canoe Financial LP is an investment management firm focused on building financial wealth for Canadians. Canoe is Canada's fastest-growing independent mutual fund company and manages approximately $3 billion in assets across a diversified range of award-winning mutual funds, flow-through limited partnerships and private energy equity products. Canoe has expanded from its Calgary head office to across Canada, including a significant presence in Toronto and offices in Vancouver, Winnipeg and Ottawa. To learn more about Canoe Financial and its investment products, visit www.canoefinancial.com.

^® 'GO CANADA!' is a registered trade-mark of Canoe Financial LP.

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, 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 there can be no assurances that the fund will be able to maintain its net asset value at a constant amount or that the full amount of an investment in the fund will be returned to unitholders. Past performance is not indicative of future performance.