The Fund's objective is to maximize long-term total return. The Fund primarily invests in equities, equity-related securities and fixed-income securities of Canadian issuers. The Fund's asset mix varies depending on market conditions and expected returns for each asset class.

We remain focused on investing in the securities of high quality issuers that generate sufficient dividends or interest payments to allow the Fund to achieve its investment objectives, as well as units of equity income securities that are undervalued and/or may be acquired at a premium to their respective market prices.

2011 is the year in which all income trusts except REITs became taxable entities and, as a result, virtually all have converted into dividend paying corporations. While high unemployment and government debt levels are expected to continue to challenge global economic growth over the next 12 to 24 months, we believe the natural resource and equity income sectors continue to be attractive areas for investment. Furthermore, companies offering high levels of sustainable dividends will continue to attract significant investor interest and achieve premium valuations as demographics change and interest rates remain low.

The Fund is authorized to issue series of shares designated as Series A and F.