TORONTO, Nov. 30, 2012 /CNW/ - Return On Innovation Advisors Ltd. (the "Manager") is pleased to announce that each of ROI Canadian High Income Mortgage Fund (formerly ROI High Income Private Placement Fund), ROI Canadian Mortgage Income Fund (formerly ROI Private Placement Fund) and ROI Canadian Real Estate Fund (formerly ROI Strategic Private Placement Fund) (collectively, the "Funds") has filed a final non-offering prospectus dated November 29, 2012 with the Ontario Securities Commission. Each of the Funds is a closed-end investment fund established as a trust under the laws of the Province of Ontario. As of today, the Funds have total net asset values of approximately $536 million in the case of ROI Canadian High Income Mortgage Fund, $465 million in the case of ROI Canadian Mortgage Income Fund and $247 million in the case of ROI Canadian Real Estate Fund.

The TSX has conditionally approved the listing of the Class A units of ROI Canadian High Income Mortgage under the symbol RIH, the listing of the Class A units of ROI Canadian Mortgage Income Fund under the symbol RIL and the listing of the Class A units of ROI Canadian Real Estate Fund under the symbol RIR. The Manager anticipates that the Class A units of each of the Funds will be listed on the TSX on or about December 7, 2012.

ROI Canadian High Income Mortgage Fund

The investment objective of ROI Canadian High Income Mortgage Fund is to provide unitholders with attractive risk adjusted, monthly, tax advantaged cash distributions, a high current yield, some long-term capital appreciation and preservation of capital by investing primarily directly or indirectly in, or by obtaining economic exposure through the forward agreement to, an actively managed diversified portfolio of commercial mortgages, loans secured by, or that provide a participating interest in, real property or ownership interests in real property. ROI Canadian High Income Mortgage Fund anticipates paying a targeted monthly distribution to unitholders of $0.05 per Class A unit based on an assumed net asset value of $10.00 per unit. This represents an implied cash flow yield of 6.00% annually.

ROI Canadian High Income Mortgage Fund obtains exposure to an actively managed diversified portfolio of investments which consist primarily of high yielding loans secured by, or that provide a participating interest in, commercial mortgages, real property or ownership interests in real property. The Fund obtains such exposure by making investments directly or indirectly, including through a forward agreement which provides exposure to the investments of a reference fund, as may be determined by the Manager from time to time.

ROI Canadian Mortgage Income Fund

The investment objective of ROI Canadian Mortgage Income Fund is to provide Unitholders with attractive risk adjusted, monthly, tax advantaged cash distributions, a nominal after-tax current yield, long-term capital appreciation and preservation of capital by investing primarily, directly or indirectly in, or by obtaining economic exposure through the forward agreement to, an actively managed diversified portfolio of commercial mortgages, loans secured by, or that provide a participating interest in, real property or ownership interests in real property. ROI Canadian Mortgage Income Fund anticipates paying a targeted monthly distribution to unitholders of $0.042 per Class A unit based on an assumed net asset value of $10.00 per unit. This represents an implied cash flow yield of 5.04% annually.

ROI Canadian Mortgage Income Fund obtains exposure to an actively managed diversified portfolio of investments which consist primarily of loans secured by, or that provide a participating interest in, commercial mortgages, real property or ownership interests in real property.  The Fund obtains such exposure by making investments directly or indirectly, including through a forward agreement which provides exposure to the investments of a reference fund, as may be determined by the Manager from time to time.

ROI Canadian Real Estate Fund

The investment objective of ROI Canadian Real Estate Fund is to provide Unitholders with attractive risk adjusted, monthly, tax advantaged cash distributions, a nominal current yield, some long-term capital appreciation and preservation of capital by investing primarily, directly or indirectly in, or by obtaining economic exposure through the forward agreement to, an actively managed diversified portfolio of commercial mortgages, loans secured by, or that provide a participating interest in, real property or ownership interests in real property. ROI Canadian Real Estate Fund anticipates paying a targeted monthly distribution to unitholders of $0.05 per Class A unit based on an assumed net asset value of $10.00 per unit. This represents an implied cash flow yield of 6.00% annually.

ROI Canadian Real Estate Fund obtains exposure to an actively managed diversified portfolio of investments which consist primarily of loans secured by, or that provide a participating interest in, commercial mortgages, real property or ownership interests in real property. The Fund obtains such exposure by making investments directly or indirectly, including through a forward agreement which provides exposure to the investments of a reference fund, as may be determined by the Manager from time to time.

Certain statements included in this news release constitute forward-looking statements. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Return On Innovation Advisors Ltd. undertakes no obligation to update publicly or otherwise revise any forward looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law. Investment funds are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There is no guarantee that an investment in the Funds will earn any positive return in the short or long term nor is there any guarantee that the Funds' investment objectives will be achieved or that the net asset value per unit will appreciate or be preserved.

SOURCE ROI Capital Ltd.