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S.I. (Since Inception) is the performance since Inception Date.
Series of Units
Each Fund may have an unlimited number of series of Units and may issue an unlimited number of Units of each series. Each series of Units is intended for different types of investors. The money that you and other investors pay to purchase Units of any series is tracked on a series-by-series basis in your Fund’s administration records. However, the assets of all series of any Fund are combined in a single pool to create one portfolio for investment purposes.
Series A Units are available to all investors through authorized dealers, subject to the minimum investment requirements set forth in the Funds’ Simplified Prospectus.
Series F Units are available to investors who have a fee-based account through their dealer and whose dealer has signed an agreement with us. Instead of paying sales charges, investors buying Series F Units pay fees to their dealer for investment advice and other services. We do not pay any commissions to dealers in respect of Series F Units, so we can charge a lower management fee. Series F Units are subject to the minimum investment requirements set forth in the Funds’ Simplified Prospectus.
Distributions are paid in Canadian dollars unless otherwise stated. Each Fund makes distributions in accordance with the distribution policy stated in the Simplified Prospectus. Each of the Funds has the ability to make distributions as returns of capital.
This information is for information purposes only and should not be construed to be tax advice. Your own tax advisor must be consulted for advice. The payment of distributions should not be confused with a fund's performance, rate of return or yield. If distributions paid by the fund are greater than the performance of the fund, distributions paid may include a return of capital and an investor's original investment will decrease. A return of capital is not taxable to the investor, but will generally reduce the adjusted cost base of the securities held for tax purposes. If the adjusted cost base falls below zero, investors will realize capital gains equal to the amount below zero. Future distribution dates may be amended at any time. Reinvested distributions are not paid in cash but instead remain invested in the Fund. To recognize that these distributions have been allocated to investors for tax purposes the amounts of these distributions should be added to the adjusted cost base of the units held. The characterization of distributions for tax purposes (such as dividends/other income/capital gains etc.) will not be known for certain until after the Fund's tax year end. Therefore investors will be informed of the tax characterization after year-end and not with each distribution. For tax purposes these amounts will be reported annually on official tax statements.