Sprott Announces Plans to Launch Four New Corporate Class Funds to be Managed by Dennis Mitchell

TORONTO, Oct. 22, 2015 (GLOBE NEWSWIRE) — Sprott Asset Management LP (“Sprott”) today announced that it has filed the preliminary prospectuses for several new corporate class funds to be managed by Senior Vice President & Senior Portfolio Manager, Dennis Mitchell. The new products are expected to launch in November 2015.

The new Sprott funds:

Sprott Focused US Dividend Class

This fund will provide shareholders with consistent, regular income and capital appreciation by investing primarily in a diversified portfolio of U.S. equities.

Sprott Focused US Balanced Class

This fund will provide shareholders with consistent, regular income and capital appreciation by investing primarily in a diversified portfolio of U.S. equities and fixed income securities.

Sprott Focused Global Dividend Class

This fund will provide shareholders with consistent, regular income and capital appreciation by investing primarily in a diversified portfolio of global equities.

Sprott Focused Global Balanced Class

This fund will provide shareholders with consistent, regular income and capital appreciation by investing primarily in a diversified portfolio of global equities and fixed income securities.

“These new products are the next step in the diversification and expansion strategy that we have embarked upon at Sprott,” says John Wilson, Sprott’s Chief Executive Officer and Co-Chief Investment Officer.

For further information on Sprott Asset Management LP and the Sprott Mutual Funds, please visit www.sprott.com or call us at (866) 299-9906 or email us at invest@sprott.com.

Sprott Asset Management LP (www.sprott.com), a wholly owned subsidiary of Sprott Inc. (www.sprottinc.com), is a fund company dedicated to achieving superior returns for its investors over time. Sprott Asset Management LP manages assets primarily for institutions, endowments and high net worth individuals and is the investment manager of the Sprott Mutual Funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors should consult their financial advisor to determine if the Sprott Mutual Funds may be sold in their jurisdiction.

Source: Sprott Asset Management