Fund Terms

Fund Codes
SAL100 (A)
SAL200 (F)

Inception
November 2004

Eligibility
Accredited Investors, Canadian Residents

Minimum Initial Investment
$25,000

Minimum Subsequent Investment
$5,000

Purchase Frequency
Monthly

Valuation Frequency
Monthly

Minimum Lock-up Period
None

Liquidity
Monthly, with 90 days notice

Redemption Fee
3% within the first year, no fee thereafter

Management Fee
(A) 2% (F)1%

Performance Fee
20% of all profits beyond high watermark

Taxation
Capital gains

Prime Broker
Scotia Capital

Auditor
PricewaterhouseCoopers

Administrator
Citi Fund Services Canada, Inc.

Legal Counsel
McMillan LLP