Montreal-based O’Leary Funds Management LP, the manager and trustee of O’Leary Hard Asset Income Fund (OHA) and O’Leary Global Infrastructure Yield Fund (OGN), said Monday the merger of OHA into OGN was completed, effective November 2.

As a result of the merger, which was completed on a tax-deferred basis, OGN unitholders of record on the close of business on November 2, are receiving a special distribution derived from realized capital gains on investments as well as other realized income sources generated by the funds during the period from January 1 through November 2.

The amount of the special distribution per series of OGN is as follows:

  • Series A, $0.0681
  • Series F, $0.0946
  • Series M, $0.2262
  • Series X, $0.1465

Unitholders of OHA, the terminating fund, will receive one series Y unit of OGN in exchange for each unit of OHA, which they held on November 2.

All of the assets of OHA were transferred to OGN and consequently OHA will be wound up and terminated.