Palos Equity Income Fund

The Palos Equity Income Fund is a mutual fund sold by prospectus, available to all Canadian residents. This Fund attempts to mirror the investment strategies of our flagship fund, the Palos Income Fund L.P.

This fund is eligible to be held in both non-registered accounts and registered accounts such as an RRSP or TFSA.

For daily performance, please visit globefund.com or morningstar.com

Please note that commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return is are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do]not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Primary Objectives

· Provide an attractive and steady stream of income
· Deliver trading-enhanced returns
· Outperform the S&P/TSX Composite Index on a risk-adjusted basis

Primary Objectives

· Provide an attractive and steady stream of income
· Deliver trading-enhanced returns
· Outperform the S&P/TSX Composite Index on a risk-adjusted basis

Investment Strategy

Actively managed Canadian focused long-bias fund that invests in a core portfolio of select high-grade and undervalued securities including dividend-paying stocks, preferred stocks, bonds and convertible bonds. The Fund seeks to enhance the returns of its core portfolio by opportunistically engaging in pair trades, selling covered calls, syndication trades and merger arbitrage. In making investment decisions, we employ a bottom-up approach, while sector exposure is broadly driven by industry themes and macro analysis.

SERVICE PROVIDERS

PALOS MANAGEMENT INC.
Order Management System	SGGG Fund Services Inc.
Administrator, Transfer Agent and Record Keeper	SGGG Fund Services Inc.
Auditor (firm and funds)	PricewaterhouseCoopers LLP
Legal Counsel	Fasken Martineau DuMoulin
Prime Broker and Custodian	NBIN

Palos Equity Income Fund