INCOME FUND

Generally speaking, we consider this Fund to be more aggressive than a typical income fund. We focus on the underlying fundamentals of the companies we invest in and less on their yield or distribution. We set a fixed distribution for the Fund, payable monthly.

Our bottom-up approach is research intensive and we look for outstanding risk/reward situations. We have a mid- cap bias and our investments are primarily in the Canadian equity and bond markets. Capital preservation is a core focus.

From a top-down perspective we do take a view. If we are bullish on the market, we will take a net long position and even increase beyond a 100% net long position by using manageable leverage. If we are unconstructive on the market, we will likely run with a net long position below 100% through a combination of cash and/or shorts. We intend on keeping the asset size of the fund relatively small in order to preserve a degree of nimbleness.

This Fund should be considered as aggressive for a typical portfolio.

Epic Income Fund

Management Fee: 2%
Performance Fee: 20%
High Water Mark: Yes

Minimum Investment: $50,000 initial; $25,000 subsequent Accredited investors only

Liquidity: Monthly (with 60 days notice)
Legal Council: Davies Ward Phillips & Vineberg LLP
Auditor: SGGG LLP
Custodian: TD Securities Inc.
DRIP Program Available on request

DISCLAIMER