Term Sheet

King and Victoria Fund L.P.

Underlying Fund
  • King & Victoria Fund L.P. is an Ontario limited partnership, launched on August 1, 2002
  • The Fee Structure is 2% of net assets per annum plus 20% of net profits above the Hurdle Rate (the one year Government of Canada t-bill rate on the first business day in the calendar year)
  • While the 20% performance fee is accrued monthly, it is not earned (paid out to The Manager) until December 31 of each year, if applicable
  • Auditor: KPMG LLP; Legal: McMillan LLP

 

King & Victoria RSP Fund

Available to Qualified Investors
  • King & Victoria RSP Fund is an Ontario mutual fund trust, launched on November 1, 2004
  • The RSP Fund’s sole investment assets is units in the King & Victoria Fund L.P. (the Underlying Fund)
  • Only available to investors that qualify for an available prospectus exemption, such as Accredited Investors
  • The Fund is available on fundSERV through codes ECM100 (no trailer) and ECM200 (1% trailer); ECM100 and ECM200 have the same Net Asset Values
  • Minimum investment: $1,000
  • Maximum investment per month per account: ECM100 = $200,000 and ECM200 = $100,000
  • Monthly entry/exit; one year hold; redemption notice period: 30 days
  • The Fund can be held in both RSP and non-RSP eligible accounts
  • The Fund can be purchased through most full service and discount brokers. The Fund cannot be purchased from Equilibrium Capital Management Inc. directly
  • Auditor: KPMG LLP; Legal: McMillan LLP
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