ABC Fund Facts

OUR FUNDS: ABC FUND FACTS

Fund Fully-Managed Fund Fundamental-Value Fund American-Value Fund North American Equity Fund Global Equity Fund
Category Canadian Balanced Canadian Equity American Equity North American Equity Global Equity
Fund Status OPEN OPEN OPEN CLOSED
(Units can be acquired or redeemed via our Closed End Network)
CLOSED
(Units can be acquired or redeemed via our Closed End Network)
Minimum Initial Subscription $25,000 $25,000 $25,000 $25,000
(via our Closed-End Network)
$25,000
(via our Closed-End Network)

FEES
Load, Switch, Trailer

none none none none none
Management Fees and Fund Expenses 2% annual, calculated and paid monthly at the end of each month 2% annual, calculated and paid monthly at the end of each month 2% annual, calculated and paid monthly at the end of each month 1% annual, calculated and paid monthly at the end of each month
Performance fee:
20% of annual total returns in excess of 10%
1% annual, calculated and paid monthly at the end of each month
Performance fee:
20% of annual total returns in excess of 10%
Distributions

Income Distributions (if any) take place on the last business day of each quarter end (March, June, September & December). Capital Gain Distributions (if any) take place on the last business day of December.

Capital Gain & Income Distributions (if any) take place on the last business day of December.

Type of Accounts

Accounts that are available are Cash, TFSA, RSP/LIRA & RIFs/LIFs.

ABC Funds Offering Memorandum

Please contact our office if you are interested in investing in our funds and we can send you a copy of our Offering Memorandum and Subscription Forms.

Deadline for receipt of purchase request documents and payments Two trading days prior to valuation day
Redemption Deadline Written instruction must be received by our office no less than ten trading days prior to valuation day Written instruction must be received by our office no less than ten trading days prior to valuation day Written instruction must be received by our office no less than ten trading days prior to valuation day Option 1: Written instruction must be received by our office no less than ten trading days prior to valuation day (subject to availability of interested buyers)

Option 2: Written instruction must be received by November 30 of the year for which they want the option executed. This option must be executed every year in which you would like to participate.

Option 3: Written instruction must be received no less than 30 days before the valuation day for which you would like the transaction performed.

Other Redemption Restrictions None None None Options* for sale/redemption of units:
Option 1. Listing units for sale on the Closed End Network (subject to availability of interested buyers)
Option 2. Request redemption of 10% of original units held
Option 3. Request redemption of units acquired through previously reinvested distributions* This is just a basic summary of options, you should consult the Offering Memorandum for complete information.
Valuation Day

The last day of a calendar month on which the Toronto Stock Exchange is open for trading.

Transactions Processed

The last day of a calendar month on which the Toronto Stock Exchange is open for trading.

Statements & Confirmations

Quarterly Statements, Monthly Confirmations

Auditors

PricewaterhouseCoopers LLP

Custodian

RBC Investor & Treasury Services (RBCITS) is and has been the custodian of our client’s assets for the past 27 years. All accounts are held in the client’s name at RBCITS as I.A. Michael Investment Counsel Ltd. does not hold any client assets.

RBCITS has been servicing I.A. Michael Investment Counsel Ltd. and was chosen by our firm due to their quality of services, their fair costs and general account servicing.

RBCITS is responsible for providing account statements to all our clients. The client is responsible to retain these statements for their records as there may be additional costs for retrieving historical data.

Legal Counsel

AUM Law

Provincial Registrations Ontario – Ontario Securities Commission
Alberta – Alberta Securities Commission
British Columbia – British Columbia Securities Commission
Manitoba – The Manitoba Securities Commission
New Brunswick – The Financial and Consumer Services Commission
Newfoundland and Labrador – Service NL – Financial Services Regulation Division
Nova Scotia – Nova Scotia Securities Commission
Québec – Autorité des marchés financiers (AMF)
Saskatchewan – Financial and Consumer Affairs Authority

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