HOW TO INVEST

SUMMARY OF TERMS

MINIMUM INVESTMENT:
$50,000
INCREMENTAL INVESTMENT:
$10,000
EXEMPT MARKET RULES:
Securities are purchased through one of Dez Capital’s exempt market dealers
RRSP/RRIF/TFSA:
All Eligible
SUBSCRIPTION:
On the 1st of each month
DISTRIBUTIONS:
On the 15th of each month or the first business day thereafter
TAXATION:
Distributions received by investors are treated as interest income and taxed accordingly; the Mutual Fund Trust pays no tax
INVESTOR REPORTING:
Reports are produced on the 15th of each month for the investors
MANAGEMENT FEE:
1% of Fund assets
REDEMPTION LIMIT:
Up to 1% of aggregate unit-holder capital each month; special provisions may apply if queue exceeds 3% of unit-holder capital
REDEMPTION FEE:
Within 1 year - 2%; thereafter - no fee

Please contact us at investor.relations@dezcapital.com for more information.

FAQ

Who can invest in the Fund? Am I qualified?

Any eligible resident of Ontario can invest in the Fund. The Trust uses qualified dealers to sell Units of the Trust and determine eligibility. More detail can be found in our Subscription Agreement and Offering Memorandum.

When can I invest in the Fund?

Purchases take place on the first business day of any month, unless Dez Capital decides to close the Fund to additional investment.

Can I invest with Registered Accounts?

Yes, RRSPs, TFSAs and RRIFs are all eligible accounts.

What is the minimum investment?

The minimum is $50,000. There is no maximum.

Does the Fund pay distributions? When are distributions paid?

Distributions are paid monthly on the 15th day of the following month (unless it falls on a weekend or holiday) and a final “remainder” is adjusted so that all income is distributed at the end of the fiscal year.

Is there a Reinvestment Option?

Yes, instead of receiving monthly income, an investor can choose to reinvest his or her distributions.

How are the units priced?

Units are priced according to NAV (Net Asset Value). Please refer to the “Securities Offered” section of the Offering Memorandum for details.

Who will answer shareholder questions?

You can contact Dez Capital at 416 519 9090 or investor.relations@dezcapital.com

Tax Treatment of Fund? How will I be taxed?

Distributions are considered interest income and are taxed accordingly. It is best to speak to your accountant regarding specific tax strategies.

What if I need my money? How do I cash out? Are there ever circumstances where I cannot get my money out?

Redemptions are made on the 15th day of the month with 45 days written notice. Redemption forms are available through Investor Relations. However, the trustees have the right to limit redemptions: Details are outlined in the section “Securities Offered” of the Offering Memorandum.

What are the fees associated with the Fund?

There is a yearly 1% Mortgage Servicing Cost. If investors wish to redeem units that have been held for less than one year, a 2% Early Redemption Deduction will also be applied.

What kind of communication can I expect from you? Do you provide reports or statements?

Once a month you will receive a report concerning your distribution as well as your account holdings.

Is the Fund audited?

Yes, the Fund is audited annually by Ernst & Young. The results of the audit will be available upon Unit Holder’s request.

Do you have shareholder meetings?

There is no yearly Unit Holder meeting; however, the Trustees may convene a meeting of the Unit Holders of the Trust for the administration of the Trust or as required by applicable laws.