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| Closed-end Funds |
| Uranium Focused Energy Fund |
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| Investment
Strategy |
| In order to achieve the
Fund’s investment objectives, the Portfolio will be focused on the
securities of issuers that operate in or have exposure to the uranium sector
(“Uranium Related Securities”), supplemented with the securities of
other energy related issuers that operate in or have exposure to the energy
sector (other than the uranium sector) (“Energy Related Securities”),
in each case as determined by the Advisor. The Advisor will determine from time
to time what percentage of the Portfolio is to be comprised of Uranium Related
Securities and what percentage of the Portfolio is to be comprised of Energy
Related Securities, and expects that Uranium Related Securities will comprise
approximately 70-80% of the value of the initial Portfolio. The Portfolio will
be focused on securities which, in the view of the Advisor, are of high quality
issuers that exhibit strong fundamentals and, in the case of issuers of Uranium
Related Securities, possess superior prospects for exploration and development
and offer the potential to benefit from the favourable supply-demand
fundamentals in the uranium sector. |
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| Liquidity |
| TSX Listing. The
trust's units can be bought and sold on the TSX under the symbol
UF.UN |
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| Mandatory Market
Purchase Program. To enhance liquidity and to provide market support for
the Units, the Fund will have a mandatory market purchase program under which
the Fund will, subject to the following exceptions and to compliance with any
applicable regulatory requirements, be obligated to purchase any Units offered
in the market at the then prevailing market price if, at any time, the price at
which Units are then offered for sale is less than 95% of the Net Asset Value
per Unit subject to some limitations. See the Trust's prospectus for
details. |
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| Redemptions.
Commencing in 2008, a Unit may be surrendered for redemption in each year and
must be surrendered at least 20 business days prior to September 30 of such
year in order to be redeemed on September 30 of such year (a “Valuation
Date”) by giving notice thereof to MFL Management Limited (the registrar
and transfer agent). Units properly surrendered for redemption by a Unitholder
will be redeemed at the Redemption Price per Unit (as defined under
“Redemptions”). A Unitholder who properly surrenders a Unit for
redemption will receive payment on or before the 15 th business day following
such Valuation Date subject to the Fund’s right to suspend redemptions, as
described under “Redemptions of Units”. For further information,
please refer to the Trust's prospectus. |
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| Eligibility For Investment |
| The Trust's units are
considered Canadian property for RRSPs, RRIFs, DPSPs and RESPs. |
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