Hesperian Capital Management Ltd. ("Hesperian"), the Manager of a strategically
focused group of public mutual funds and limited partnerships (the "Norrep Group
of Funds"), announced today that it has declared a dividend for the following
funds:




--  $0.060 per share(i) for Norrep Income Growth Class 
--  $0.040 per share(i) for Norrep Global Income Growth Class 
--  $0.050 per share(i) for Norrep High Yield Class 
--  $0.035 per share(i) for Norrep US Dividend Plus Class 
--  $0.143 per share(i) for Norrep Tactical Opportunities Class 
--  $0.183 per share(i) for Norrep Premium Growth Class



All dividends are payable on July 31, 2014 to shareholders of record at the
close of business on July 30, 2014.


Hesperian Capital Management Ltd. hereby advises that these dividends are
designated to be "eligible dividends" pursuant to subsection 89(14) of the
Income Tax Act (Canada) and corresponding provincial legislation. Shareholders
with questions regarding the tax treatment of dividends should consult with
their own tax advisors or contact their local office of the Canada Revenue
Agency and, where applicable, the provincial taxation authorities.


Hesperian Capital Management Ltd. is a Canadian investment firm with offices in
Calgary and Toronto. Please visit www.hesperiancapital.com for more details
about Hesperian and the Norrep Group of Funds.


(i) Based on the MF or Class A Series, rates may differ for other series.

Certain information set forth in this press release, including a discussion of
future plans and operations, contains forward-looking statements that involve
substantial known and unknown risks and uncertainties. These forward-looking
statements are subject to numerous risks and uncertainties, some of which are
beyond management's control, including but not limited to, the impact of general
economic conditions, industry conditions, fluctuation of commodity prices,
fluctuation of foreign exchange rates, environmental risks industry competition,
availability of qualified personnel and management, stock market volatility,
timely and cost effective access to sufficient capital from internal and
external sources. Actual results, performance or achievement could differ from
those expressed in or implied by these forward-looking statements.



FOR FURTHER INFORMATION PLEASE CONTACT: 
Hesperian Capital Management Ltd.
Holly Luong
Manager, Dealer & Client Services
(877) 431-1407
www.hesperiancapital.com