Picton Mahoney Fortified Core Bond Fund

The Fund aims to preserve capital while maximizing total return to unitholders predominantly through income, and supplements with capital appreciation. The Fund will be constructed using the Manager’s proprietary portfolio construction and risk analysis framework and to create an efficient portfolio with a total volatility level that is consistent with its benchmark. To achieve the investment objective, the Fund invests in an actively managed portfolio composed primarily of investment-grade government and corporate bonds of Canadian and U.S. issuers.