April 7, 2009
In response to several interest rate cuts by the Bank of Canada, Steadyhand will temporarily reduce the fee on its money market fund (Steadyhand Savings Fund) to help maintain a positive yield for investors. The ‘One Simple Fee’ of the fund, which is a fixed fee that includes the fee for Steadyhand’s services as manager and all of the fund’s operating expenses, will temporarily be reduced from 0.65% to 0.30%. The amount of this waiver is determined by us, in our discretion, and the full fees may be restored by us at any time.