Canadian provincial and territorial securities laws require securities firms such as Equiton Capital Inc., a corporation governed by the laws of the province of Ontario, a registered exempt market dealer, investment fund manager and portfolio manager, to disclose when they trade in or advise with respect to securities of certain issuers to which they, or certain other parties related to them, are related or connected (“Related Issuer” or “Related Issuers”), to do so only in accordance with particular disclosure and other rules.

Equiton Capital Inc. sells securities of its Related Issuers and since these transactions may create a conflict between our interest and yours, we are required by Canadian securities law to disclose to you certain relevant matters relating to the transactions. Equiton Capital Inc. effectively manages these conflicts of interest through disclosure by providing a relationship disclosure document to all clients prior to recommending securities of a Related Issuer.


IMPORTANT INFORMATION: This communication is for information purposes only and is not, and under no circumstances is to be construed as, an invitation to make an investment in Equiton Partners Inc., or one of its Related Issuers. Investing in a Related Issuer involves risks. Recipients of this document who are considering investing in a Related Issuer are reminded that any such purchase must not be made on the basis of the information contained in this document but are referred to in a Confidential Offering Memorandum, provided to you by the Related Issuer (“Offering Memorandum”). A copy of the Offering Memorandum may be obtained upon request made to the attention of Equiton Capital Inc. All information contained herein, while obtained from sources which are believed to be reliable, is not guaranteed as to its accuracy or completeness.

There is currently no secondary market through which trust units of Related Issuers may be sold and there can be no assurance that any such market will develop. A return on an investment in trust units is not comparable to the return on an investment in a fixed-income security. The recovery of an initial investment is at risk, and the anticipated return on such an investment is based on many performance assumptions. Although the Related Issuers intends to make distributions of its cash to unitholders, such distributions may be reduced or suspended. The actual amount distributed will depend on numerous factors, including the financial performance of the Related Issuer, debt covenants and obligations, interest rates, working capital requirements and future capital requirements. In addition, the market value of the Related Issuer’s trust units may decline if the Related Issuer is unable to meet its cash distribution targets in the future, and that decline may be material. It is important for an investor to consider the particular risk factors that may affect the industry in which it is investing and therefore the stability of the distributions that it receives. There can be no assurance that income tax laws and the treatment of mutual fund trusts will not be changed in a manner which adversely affects the Related Issuers.

While information on this website is intended to be accurate, no representation or warranty is made with respect to the accuracy or reliability of such information. Except to the extent that information is set forth in the most current Offering Memorandum, prospective purchasers of securities of Related Issuers should not rely on the information contained on this website.

Nothing on this website is intended to constitute investment, financial, legal, tax or accounting advice. Prospective investors should contact their own professional or other advisors, or a securities dealer appropriately registered in the jurisdiction in which they are resident, to determine whether securities of Related Issuers may be lawfully sold in the jurisdiction where they are resident and to receive the appropriate investment, financial, legal, tax or accounting advice.

PAST PERFORMANCE MAY NOT BE REPEATED. Investing in trust units of Related Issuers can involve significant risks and the value of an investment may go down as well as up. There is no guarantee of performance. An investment in a Related Issuer is not intended as a complete investment program and should only be made after consultation with independent investment and tax advisors. Only investors who do not require immediate liquidity of their investment should consider a potential purchase of trust units in Related Issuers. The risks involved in this type of investment may be greater than those normally associated with other types of investments. Please refer to the Offering Memorandum for a further discussion of the risks of investing in the Related Issuer.

This communication contains “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may relate to future events or the Related Issuer’s performance. Forward-looking information includes, but is not limited to information regarding the Related Issuer’s distributions, growth potential and volatility, investor returns, ability to achieve operational efficiencies and other statements that are not historical facts. These statements are based upon assumptions that management of the Related Issuer believes are reasonable, but there can be no assurance that actual results will be consistent with these forward-looking statements. Forward-looking information involves numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the forward-looking statements will not occur and may cause actual results to differ materially from those anticipated in such forward-looking statements. Some of these risks are discussed in the section “Risk Factors” in the Offering Memorandum. These forward-looking statements are made as of the date of this communication and the Related Issuer is not under any duty to update any of the forward-looking statements after the date of this communication other than as otherwise required by applicable legislation.