OCP Senior Credit Fund filed a Notice of Intention and received approval from the Toronto Stock Exchange to commence a normal course issuer bid on July 15 2013. Under the bid, the Fund may purchase up to 2,950,399 trust units, representing 10% of the public float and 10% of its issued and outstanding units. All purchases will be made through the facilities and in accordance with the requirements of the Toronto Stock Exchange.

The Fund will not purchase in any given 30-day period, more than 590,079 trust units in aggregate, representing 2% of the issued and outstanding trust units as at July 11, 2013. The trust units repurchased will be cancelled. The bid will continue for a period of 12 months commencing from July 17, 2013 till July 16, 2014.

The purpose of the bid is to provide the Fund with a mechanism to decrease the potential spread between the net asset value per unit and the market price of the trust units and to provide enhanced liquidity for the trust units. As of July 11, 2013, the fund had 29,503,993 trust units issued and outstanding.