Real Estate Investing by Real Estate Operators

The fund is invested in an actively managed diversified portfolio of publicly traded real estate securities including primarily Canadian and US Real Estate Income Trusts ("REITs"); Real Estate Operating Companies (“REOCs”); and the companies that provide services to them.

Morguard and Sunstone are experienced real estate investors, owners, and operators with significant investment and operational history in both the public and private real estate markets.

Distributions of 6.5% per year year (based on initial public offering price of $10.00 per unit) have and will be paid monthly (pre-tax interest equivalent yield of approximately 8.0%).

Key highlights of the Fund inlcude:

• Actively managed diversified portfolio consisting of publicly traded real estate securities that has the potential to provide attractive, stable income with the opportunity for long-term capital appreciation
• Focus on a balanced portfolio of high yield real estate securities providing opportunity for capital appreciation
• Investment goals of aging population seeking stable cash distributions have created a strong market for income-producing securities such as REITs and REOCs
• Portfolio manager Charles Dillingham was recently identified as one of the top 50 of the country's TopGun Canadian Equity Portfolio Managers
• Tax advantaged 6.5% yield (pre-tax interest equivalent of approximately 8.0%)
   
• Publicly traded on the TSX (MSN.UN).

Management Presentation