The particulars contained herein were obtained from sources which we believe reliable but are not guaranteed by us and may be incomplete. The opinions expressed are based upon our analysis and interpretation of these particulars and are not to be construed as a solicitation or offer to buy or sell the securities mentioned herein. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The Firm and/or its officers, directors, representatives, associates, may have a position in the securities mentioned herein and may make purchases and/or sales of these securities from time to time in the open market or otherwise. This report may not be reproduced in whole or in part, or further distributed or published or referred to in any manner whatsoever nor may the information, opinions or conclusions contained in it be referred to without in each case the prior expressed consent of Gary Bean Securities Ltd. Gary Bean Securities is a Member of the Investment Industry Regulatory Organization of Canada and the Canadian Investors Protection Fund.

Information presented on the Gary Bean Securities Ltd. website is of a general nature only and is not intended to be, nor should it be construed to be, a complete analysis of all income tax consequences and should not be interpreted as legal or tax advice. No representation with respect to the income tax consequences to any particular holder is made. Accordingly, such persons should consult their own tax advisors for advice with respect to the particular income tax consequences to them having regard to their particular circumstances.