LDIC Inc. announced that Healthcare Special Opportunities Fund has completed the second tranche of a previously announced a private placement of Class U units of the Fund. The Fund issued 185,785 Class U Units at a price of USD 9.475 per Class U Unit for aggregate gross proceeds of approximately USD 1.76 million. In aggregate, the Fund issued 841,257 Class U Units for gross proceeds of approximately USD 7.96 million.

The Class U Units under the Private Placement were purchased by principals of Canons Park Advisors LLC, the healthcare industry advisor to the Fund through an exchange of freely tradeable securities. The Class U Units sold pursuant to the Private Placement will be subject to resale restrictions under applicable securities laws expiring on November 24, 2015. The Fund is a closed-end investment fund established under the laws of the Province of Ontario to provide unitholders with long-term total return through distributions and capital appreciation of the Fund's investment portfolio by investing in equity and debt securities of issuers that derive a significant portion of their revenue or earnings from medical and healthcare products and/or services.

The Fund will use the net proceeds of the Private Placement to: (i) invest primarily in securities of healthcare issuers in accordance with the Fund's investment objective, strategy and restrictions as soon as practicable after the closing of the Private Placement, and (ii) fund the ongoing fees and expenses of the Fund.