Annual Return 11% Monthy Dividends*   Cash vs Compounding You start earning dividends on the first day of the month following your investment. A full month dividend is paid for the month when the investment is cashed out even if the investment is cashed out partway through the final month. Under the Cash Program, monthly dividend payments are funded within 10 days after the end of the month. Under the Compounding Program, monthly dividend payments are held by Westpoint and once a year all such accumulated dividends are re-invested and additional shares are issued to the investor and these additional shares will also earn dividends resulting in a compounded return. The table to the right shows the effective annual rate of return when considering the impact of compounding on your investment.

Features Investors Paid First Returns are paid to investors before the fund manager is paid. No overhead costs are charged to the fund. Fixed Rate of Return Rate of return is fixed for the period invested Open Term Can redeem with 90 days notice Early redemption penalties apply if redeemed in the first 6 years, see "Liquidating Your Investment" Monthly Dividends or Compounding Your choice of monthly cash flow or compounding to get higher returns, see "Cash vs Compounding" Eligible for Registered Plans & TFSAs Enhance your tax savings by using your RRSP, RESP, LIRA, RIFF and TFSA Minimum Investment $5,000

Liquidating Your Investment

You may cash out your investment at any time by providing Westpoint with 90 days written notice.  Once this notice is received by Westpoint (subject to certain restrictions as outlined in the offering memorandum) Westpoint will cash out your investment anytime within the 90 day period and return your principal and any accrued dividends to you.  You will receive a dividend for the final month in which the investment is cashed out even if you are cashed out part way through that month.

If you cash out your investment within the first 6 years, there is an early redemption penalty that applies (see offering memorandum - cumulative income recovery amount (CIRA) ). This penalty is calculated as a clawback of a portion of the income that has been paid out to you which reduces the effective annual rate of return you earned over the life of the investment. This impact is before tax considerations and investors should consult their tax advisors to understand the tax impact of the early redemption as such penalties normally give rise to a capital loss, which may be used to offset capital gains on other investments.

Year of Liquidation	Year 1 & 2	Year 3 & 4	Year 5 & 6	After Year 6
Dividends Earned Per Year	11.00%	11.00%	11.00%	11.00%
Impact of Early Redemption Penalty	-8.25%	-5.5%	-2.75%	NA
Net Return Per Year	2.75%	5.5%	8.25%	11.00%

 

*There are a number of risks associated with the Fund and its mortgage portfolio which could impact the ability of the Fund to pay these returns to its investors.Investors should read the offering memorandum and consult their financial advisors to review the risks associated with investing in the Fund and the potentialimpact of those risks on the Fund's ability to pay these rates of return to its investors. To receive a copy of our offering memorandum you may request one here.