The Fund has been created to invest in an actively managed portfolio comprised primarily of convertible debentures of Canadian issuers. The Fund's investment objectives are to provide holders of Units with:

1. monthly distributions initially targeted to be 7.5% per annum on the subscription price of $10.00 per Unit ($0.0625 per Unit per month or $0.75 per annum); and
2. the opportunity for capital appreciation.

At closing the Manager will issue a note ('Note') to the Fund in an amount equal to the fees and expenses associated with the offering and, accordingly, it is anticipated that the initial net asset value per Unit will be $10.00. The Note will be used to reimburse the Fund for the expenses of the offering and will be repaid with interest.

On or about April 30, 2011, the Fund will, subject to receipt of all required regulatory approvals, automatically either (i) convert to an open-end mutual fund; or (ii) merge into an open-end mutual fund, on a tax-deferred basis, to be managed by the Manager or an affiliate of the Manager. Prospective purchasers may purchase Units either by cash payment or by an exchange of freely tradeable securities of each class or series of securities described in the press release.