ROI Canadian Real Estate Fund Announces Purchases Under Market Repurchase Program

TORONTO, Jan. 21, 2013 /CNW/ - Pursuant to the market repurchase program outlined in the prospectus of ROI Canadian Real Estate Fund (TSX: RIR.UN) (the "Fund") dated November 29, 2012, the Fund announced today the repurchase of its Class A units on the Toronto Stock Exchange (the "TSX").

The Fund repurchased 157,100 Class A units representing approximately 0.80% of its initial public float and, cumulatively with the Class A units repurchased since December 7, 2012, has now repurchased 4,136,800 Class A units representing approximately 20.95% of its initial public float. Under the market repurchase program, the Fund has committed to repurchase for cancellation during the 180 days after the Class A units are first listed, 4,435,466 Class A units representing 22.47% of its initial public float, at a price less than 95% of its latest net asset value per Class A unit.

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 Fund will earn any positive return in the short or long term nor is there any guarantee that the Fund's investment objective will be achieved or that the net asset value per unit will appreciate or be preserved.

SOURCE: ROI Capital