Company Details

Directors and Officers

The following are the names, office(s) held and principal occupations of the directors and officers of the Trustee:

Brian D. McChesney
President, Chief Executive Officer and Director
(Corporate Director)

Stephen D. Pearce
Chief Financial Officer and Director
(Director, Scotia Capital Inc.)

Douglas Derry
Director
(Corporate Director)

Terry Jackson
Director
(Corporate Director)

D. Anthony Ross
Director
(Chair of the Board of Infrastructure Ontario)

Robert Hall
Director
(Managing Director, Scotia Capital Inc.)


Profile

The Fund has been established to provide investors with investment exposure to a diversified portfolio of Canadian high yield fixed income securities ("Canadian HY Corporate Bonds") to be actively managed by High Rock Capital Management Inc. (the "Portfolio Manager"). The Portfolio Manager believes that Canadian HY Corporate Bonds can provide investors with: (i) attractive yields that historically have had a low correlation with rising interest rates; (ii) the potential for "equity-like" total return performance with lower volatility than equities; (iii) portfolio diversification from other fixed income securities; and (iv) a replacement for income trust securities.

Summary Statistics as at 04/27/2017

HideClass A Units
Net Asset Value (NAV) per Unit $7.80
Units Outstanding 2,767,144
Market Capitalization $20,615,223
Expense Ratio 1.89%
IPO Date 03/31/2011
Ticker Symbol AHY.UN
Issue Price $10.00
Market Price (TSX) $7.45
Trailing 12-Month Distribution 0.4600

HideClass F Units
Net Asset Value (NAV) per Unit $7.94
Units Outstanding 375,170
Total NAV $2,977,837
Expense Ratio 1.00%
IPO Date 03/31/2011
Issue Price $10.00
Trailing 12-Month Distribution $0.7400

General Information

Distribution Policy

The Fund intends to make quarterly cash distributions to unitholders of record on the last business day of each calendar quarter. The Fund does not have a fixed distribution but targets quarterly distributions based on the estimated annual cash available to the Fund from the income on the portfolio of Canadian HY Corporate Bonds net of any expenses.

Redemption

Unitholders will have the right to surrender their Class A or Class F units for redemption at an amount equal to the NAV per unit on December 15 of each year (less any costs and expenses incurred in connection with funding the redemption). Units must be surrendered for redemption on or before November 15. Payment of the proceeds of redemption will be made on or before December 31 of each year.