Most people who invest consistently are doing something genuinely hard. They've built a habit, stayed the course through uncertain markets, and kept their eye on goals that matter – some years away.

But there's a gap that doesn't get talked about enough, between saving well and knowing what your money can actually do for you. Between having a portfolio and having a plan.

That gap shows up differently depending on where you are in life but it tends to feel the same: I think I'm on track. I'm just not completely sure.

When retirement is starting to feel real

There’s a particular moment many people reach somewhere in their fifties or early sixties. The retirement date isn't abstract anymore, it's a few years away. The saving has gone well. And yet some important questions haven't really been worked through.

Is the date you want to stop working actually realistic?  Where will your income come from once the paycheques stop? And what happens if markets drop just before you retire?

These questions aren't complicated once you look at them directly. The issue is that most people haven't. And they're much easier to work through five or ten years before retirement than five or ten months.

Confidence about retirement doesn't come from having the most money. It comes from knowing how it all fits together and why it works for you.

When the paycheques have already stopped

Saving for retirement and living in retirement are two very different things. When you retire, your money doesn’t—but the way you relate to it changes. It's no longer about growing your money. It's about spending it wisely, in a way that is sustainable, tax-efficient, and feels steady year to year.

How much is safe to spend? Where should income come from? What do you do in a year when markets are rough? These are questions many people haven’t had to think through before retirement. Getting comfortable spending from savings, rather than adding to savings, can take time, even when the numbers look fine.

When there's a big goal on the horizon

Big financial goals rarely unfold exactly as planned. A first home comes up sooner than expected. A renovation stretches beyond the original budget. Time away from work takes more planning than you thought.

Most people save toward a number and trust it will work out. Sometimes it does. Other times, the money is there, but the path to using it isn’t straightforward. It raises new questions about taxes, timing, or trade-offs they hadn’t planned for.

Planning doesn’t make decisions simple. But it does make them clearer and easier to navigate when the moment arrives. 

The value of looking now

The sooner you look at the full picture, the more options you have. Not because things are necessarily off track, but because understanding where you stand, while you still have room to adjust, is what turns 'I think I'm okay' into 'I know I'm okay.'

If you haven't had that conversation recently, or ever, we're here whenever you're ready.

Picture this: it's a regular Tuesday morning. You search for Steadyhand, click the first result, and log in. The page looks right. The logo is there. You enter your username and password without a second thought.

But the site wasn't ours.

That's how these things happen. Not because someone was careless, but because fraudulent websites are built specifically to look like the real thing. Industry regulators have recently flagged a rise in exactly this: fake login pages that closely mimic legitimate investment firms, sometimes appearing at the top of search results through paid ads. You don't need to be doing anything wrong to be caught out.

The good news is that a few simple habits make a real difference.

What to check before you log in

✅ Type the address directly. Always reach us by typing steadyhand.com into your browser, not through a search result or a link in an email or text message.

✅ Use a bookmark. Save our site once and you'll never need to search for it again.

✅ Check the address bar. Look-alike URLs are designed to be easy to miss — an extra word, a slightly different ending. A quick glance before logging in is worth it.

✅ Slow down if something feels off. Close the tab, type the address directly, and start fresh.

Red flags worth knowing

These sites are built to look normal, but sometimes something feels slightly out of place — a font that's not quite right, a layout that's almost familiar, a message creating unexpected urgency ("Your account requires immediate action"). Any request for your password outside of a normal login page is also worth pausing on.

Trust that instinct. If something seems off, it probably is. Close the page and start over.

If you're not sure what just happened

If you've entered your credentials somewhere and aren't certain it was our real site, change your password right away and call us. We'd much rather hear from you and confirm everything is fine than have you stay quiet and wonder.

And to be clear: Steadyhand will never ask for your login credentials by email, phone, or text. If you receive a message asking for that information, don't engage — call us directly.

A shared responsibility

Online security is an ongoing process, not a one-time fix. We stay on top of it on our end. These simple steps on yours make a real difference.

As always, if something doesn't feel right, we're just a phone call away.

Questions or concerns? Call us at 1.888.888.3147 or visit steadyhand.com.

This article is authored by Craig Basinger, Chief Market Strategist at Purpose Investments, on March 3, 2026.

It’s Tuesday morning, and we won’t be rehashing details of the events. There’s a lot of great content out there to put things into perspective from folks who know tons more about waging war, the political dynamics of the region, and/or the states/people involved. Instead, we’re going to talk markets, because we’re portfolio managers, not fighter pilots. My wife knows one who is both, but it’s rare.

Markets managed rather well on Monday. After a weak start for the first trading day since hostilities broke out, North American markets managed to finish in the green. Oil was up, as were safe havens, including gold and the USD. Tuesday looks like another weaker start, with everything down from overseas markets to bonds, gold to North American equities. Rebounding from this one may be an even bigger challenge. The U.S. dollar and oil are just about the only things higher. 

Why the Initial Muted Response From Markets?

#1 The conflict is not really a surprise – Tensions had been building over the past few months and weeks, with military assets increasingly moved into the region. Add this to a U.S. administration that appears to want to use its military more, and the surprise would have been if there wasn’t a conflict. 

Markets generally move when surprised. Perhaps Iran’s retaliation on some of its neighbours is a bit of a surprise, or a few signs that the conflict is spreading. More U.S. casualties would have been a negative surprise, as would the targeting of energy infrastructure, which is possibly starting to show up now. The magnitude is clearly greater than the brief bombing of nuclear development sites last year or the Iran-Israel missile exchanges of April 2024, but so far, not many surprises.

Obviously, this can change; that’s why they are called ‘surprises.’  

#2 A learned response of boots versus bombs – The market remembers, with short-term memory much more dominant than long-term. Putting boots on the ground leads to much longer and more painful market reactions. Dropping bombs can end as quickly as it started. 

The following chart shows the past five times Iran has been bombed and the path of oil prices. The turquoise line is the current situation, already off to a bigger start than past episodes. The general trend is for a spike, then oil prices come back down. It’s a very different chart if you go back in time to boots on the ground in the next set of charts, which had often seen a doubling of oil prices.

One reason the energy markets may endure this supply disruption a bit better is the amount of global supply versus demand. A surplus of two million barrels a day certainly makes managing a temporary supply disruption much easier. 

Final Thoughts 

We don’t know how this conflict plays out; it could be short or it could become drawn out. Nobody knows. The longer it goes on, the higher the probability of a risk-off event, which may be a buying opportunity given the economic backdrop. As the Chinese proverb goes: “We’ll see.”

Sources: Charts are sourced to Bloomberg L. P.

The content of this document is for informational purposes only and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. The information is not investment advice, nor is it tailored to the needs or circumstances of any investor. Information contained in this document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement or public offering of securities. No securities commission or similar regulatory authority has reviewed this document, and any representation to the contrary is an offence. Information contained in this document is believed to be accurate and reliable; however, we cannot guarantee that it is complete or current at all times. The information provided is subject to change without notice.

Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. Certain statements in this document are forward-looking. Forward-looking statements (“FLS”) are statements that are predictive in nature, depend on or refer to future events or conditions, or that include words such as “may,” “will,” “should,” “could,” “expect,” “anticipate,” intend,” “plan,” “believe,” “estimate” or other similar expressions. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially from those set forth in the FLS. FLS are not guarantees of future performance and are, by their nature, based on numerous assumptions. Although the FLS contained in this document are based upon what Purpose Investments and the portfolio manager believe to be reasonable assumptions, Purpose Investments and the portfolio manager cannot assure that actual results will be consistent with these FLS. The reader is cautioned to consider the FLS carefully and not to place undue reliance on the FLS. Unless required by applicable law, it is not undertaken, and specifically disclaimed, that there is any intention or obligation to update or revise FLS, whether as a result of new information, future events or otherwise.

Let's try a thought experiment.

Imagine you stored your clothes in four different closets.

One at home. One at your office. One at your parents' house. And one in a storage locker across town that you visit maybe twice a year.

Would that work? Technically, yes. Would it be super frustrating? You bet.

You'd spend half your life wondering where you put your good jacket. You'd buy duplicates of things you already own because you forgot you had them. And every time you needed to get dressed for something important, you'd have to mentally map out which closet had what.

Now here's the uncomfortable part: that's how a lot of people manage their money.

An RRSP from a job you left in 2015. A TFSA at the bank that you opened because they gave you a free tote bag. An investment account with an advisor you haven't spoken to in three years. Maybe a GIC that auto-renewed last December and you didn't even notice.

Each one made sense at the time. But together? It's chaos pretending to be a system.

And just like the closet situation, you don't realize how counterproductive it is until you need to make a decision. Then you're logging into four different accounts (password reset, password reset, security question you definitely made up and can't remember), trying to figure out what you actually own and whether any of it makes sense anymore.

Consolidation isn't about being tidy. It's about not making your life harder than it needs to be.

When you bring your scattered accounts to Steadyhand, something shifts. Questions get clearer. Decisions get simpler. And when you call us, you talk to an actual person who knows your situation—not a call center three provinces away reading from a script.

The 1% Match Promotion is designed to remove the friction that keeps people living out of multiple financial closets. We'll reimburse your transfer fees up to $150 + taxes, do most of the paperwork, and help you finally get everything in one place.

Once that's done? You'll wonder why you waited so long.

(Spoiler: it's because moving accounts sounded tougher than it is. We get it. That's why we handle it for you.)

Register for the 1% Match Promotion

Word is getting out that there’s a real benefit to having a steady hand on your portfolio! We serve a growing base of clients across Canada and are continuing to expand following our integration with Purpose and our shared commitment to deliver thoughtful, long-term investment guidance. 

We’re excited to share that we are currently hiring an Investor Specialist in our Vancouver or Toronto office. 

The successful candidate will play a key role in building and maintaining strong client relationships, providing ongoing investment guidance, and supporting clients with portfolio construction, asset mix decisions, and portfolio monitoring as clients’ goals evolve. Working closely with our internal teams, the Investor Specialist will also connect with new investors and support referrals, helping ensure clients continue to receive consistent, personal advice as our client community grows.  

If this opportunity sounds like a good fit for you, or someone in your network, we encourage you to take a closer look. Full details are available here. Interested candidates can apply through Dayforce by submitting a resume and cover letter. While we thank all candidates for their interest, only selected individuals will be contacted for follow-up. 

To help with your tax filing this year, here is a list of the documents Steadyhand clients will receive based on the type of account(s) held, along with a brief explanation of their purpose. 

Please note: All documents are now provided electronically via our client portal, rather than by mail. This allows us to deliver them to you faster, more efficiently, and securely.   

Non-Registered Investment Accounts 

T3 Slip 

If you hold a non-registered investment account (an investment account other than a RRSP, RRIF, TFSA, or FHSA), we send you a T3 slip for each Steadyhand fund you hold. T3 slips show realized capital gains, dividend income (and any corresponding dividend tax credit, if applicable), and other investment income that you must report on your tax return. Timeline: These slips will be uploaded to our client portal the week of February 16. 

T5008 

T3 slips do not include any capital gains (or losses) that you may have incurred from selling or switching units of Steadyhand funds in your non-registered account. If you made such a transaction(s), we send you a T5008 slip for each applicable Steadyhand fund. Timeline: These slips will be uploaded to our client portal the week of February 16. 

RRSPs 

Contribution Receipt 

If you made a contribution(s) to your RRSP between March 4, 2025, and December 31, 2025, we provide you with an RRSP Contribution Receipt for the total amount of contributions you made over this period. Timeline: These slips were uploaded to our client portal in late January. 

If you made a contribution (or plan to make one) between January 1, 2026, and March 2, 2026, we send you a separate receipt for any contributions made in the first 60 days of the year (this amount can be applied to your 2025 tax return, or to a future year if you choose). Timeline: These ‘first 60 days’ receipts will be uploaded to our client portal around mid-March.  

T4RSP 

If you made a withdrawal from your RRSP in 2025, we send you a T4RSP slip. This slip shows the amount of any withdrawal(s) you made and any withholding tax remitted to Canada Revenue Agency (CRA) on your behalf. Timeline: These slips were uploaded to our client portal in late January. 

RRIFs 

T4RIF 

If you hold a RRIF, we send you a T4RIF slip. This slip shows the amount of your withdrawals (including your minimum payment and any additional withdrawals) and any withholding tax remitted to CRA on your behalf. Timeline: These slips were uploaded to our client portal in late January. 

FHSAs 

T4FHSA 

If you hold a FHSA, we send you a T4FHSA slip. Timeline: These slips were uploaded to our client portal in late January. 

TFSAs 

If you hold a TFSA, you do not receive any tax slips from us. These accounts are exempt from tax, and any contributions/withdrawals do not generate any tax-related documents. However, be sure to adhere to the maximum contribution limits for these accounts and the rules relating to re-contributions if you do make a withdrawal. 

If you can’t find a slip/receipt you think you should have, or if you have any questions about a specific document, please contact us at 1-888-888-3147 from 7am - 5pm PT Monday to Friday. 

If you’re interested in what drove returns this year, how we’re positioned for 2026, or simply want a steady perspective on navigating uncertainty, we hope you enjoy the conversation.

And if you’re thinking about consolidating your investments, don’t forget we’re currently offering a 1% match on eligible asset transfers until May 31, 2026—a simple way to give your portfolio an immediate boost. Learn more here.

Most investors don't set out to make their finances complicated.

It just happens.

You start your career and your employer sets you up with an RRSP. Great. A few years later you switch jobs, and that RRSP just... stays there. Because dealing with moving it seems like a hassle, and also, how’s it even doing? You're not sure. You'll check later.

Then at some point you open a TFSA at your bank because the person at the counter was very enthusiastic about it and you were there anyway. Later, you work with an advisor for a while. That relationship doesn't quite work out, so you move on—but the account stays where it is because, again, moving it sounds like too much time and too much frustration.

None of these decisions are wrong. They all make sense at the time.

But ten years later, you've got investments in four different places, three different passwords you can never remember, and a creeping sense that you should probably pay more attention to what you own than you currently do.

Welcome to portfolio fragmentation. It's extremely common and quietly expensive.

When accounts are scattered, basic questions become surprisingly hard to answer:

How much risk am I actually taking? (No idea—I would need to log into three places and add it up manually.)

Am I diversified, or do I just own the same stuff in different accounts? (Probably both?)

How much am I paying in fees? (Let's not think about that right now.)

Are these accounts working together? (They're definitely not working against each other. Probably.)

Here's the thing: scattered accounts don't feel like a problem until you try to make a decision. Then suddenly you're squinting at four different statements, trying to figure out what you actually own, and wondering why this is so complicated.

Bringing all your assets together fixes that. Not in a boring, administrative way—in a "oh, I can actually see what's happening now" way.

When everything is in one place, you can see your real asset mix. You know where your risk actually lives. You can make changes without logging into a bunch of different portals and hoping you didn't miss something.

At Steadyhand, we've built our entire approach around this kind of clarity. Our portfolios are designed to work together, not compete. Our fees go down as your assets grow, not up (wild, we know). And our team invests the same way our clients do—we eat our own cooking, as they say.

To make consolidation easier, we're offering a 1% Match Promotion on assets you bring over by May 31, 2026. We'll also reimburse transfer fees up to $150 + taxes and handle most the paperwork, because the paperwork is genuinely the worst part of this.

The 1% bonus is nice. But honestly? The real reward is never having to remember four different passwords again.

Learn More About the 1% Match Promotion

No explanation required. 

Note: The above table shows the returns of our five long-standing funds: Steadyhand Savings Fund, Steadyhand Income Fund, Steadyhand Equity Fund, Steadyhand Global Equity Fund, and Steadyhand Small-Cap Equity Fund. The Steadyhand Founders Fund is not included in the table, as it was not launched until 2012. The Global Small-Cap Equity Fund and Builders Fund are also not included, as they were launched in 2019. 

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 indicated rates of return are the historical annual 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. 

Here's something that happens to thousands of Canadians every December 31st:

Their GIC matures. And immediately reinvests. At whatever rate the bank is offering that day.

No phone call. No email. No "hey, just so you know, your 5% GIC from 2022 just renewed at 2.8%."

It just... happens.

Many of us set up a GIC years ago when rates were decent, then completely forget about them. Which is fine when rates are stable or climbing. But when they drop? That automatic renewal quietly locks you into lower returns for another term.

And here's the thing: a maturing GIC is one of the easiest assets to move.

No complicated transfers. No selling positions. No tax complications if it's in an RRSP or TFSA. The money is just sitting there, waiting for instructions.

If you had a GIC mature in late December (or if one is coming up soon), this is actually the perfect time to consolidate your investments. Move that GIC to Steadyhand, put it to work in a real portfolio, and through May 31, 2026, you'll get a 1% bonus on top when you make the switch.

That's $500 on a $50,000 GIC. $1,000 on $100,000. And instead of locking into another term that quietly renews without you noticing, you'll have money that's actively managed and part of your overall investment strategy.

We'll handle most of the paperwork. We'll also reimburse transfer fees up to $150 + taxes. You just need to register first so we know you're coming.

Register for the 1% Match Promotion

If your GIC renewed automatically and you didn't notice, you're not alone. But now you know you have better options.

As we do every year, it is time to highlight a few important financial numbers for 2026.

TFSA contribution limit: The maximum contribution limit for Tax-Free Savings Accounts this year remains at $7,000. This brings the total lifetime cumulative contribution room to $109,000 for eligible investors. TFSAs offer a valuable tax break that all investors should take advantage of. In the past, we discussed just how powerful a tool these accounts have become in our article, The eye-opening difference of using your TFSA for investing vs. saving.

RRSP contribution limit: The maximum you can add to your Registered Retirement Savings Plan this year is the lesser of 18% of your 2025 earned income or $33,810 (unless of course you have unused contribution room from previous years).

If you’re unsure which account is best for you, our TFSA vs RRSP Calculator can help.

FHSA contribution limit: For those who have opened a First Home Savings Account, you can contribute $8,000 in 2026. If you opened one of these accounts in previous years and didn’t maximize your contribution, you can carry forward up to a maximum of $8,000 unused contribution room to this year. For a refresher on the rules and benefits of these accounts, check out our guide.

As a reminder, you can contribute to your accounts with us by calling 1-888-888-3147 between 7am and 5pm PT, Monday to Friday. We can electronically transfer money from the bank account we have on file to your Steadyhand accounts.

We recently made a small behind-the-scenes change to the Purpose Cash Management Fund held inside our Savings Fund.

The good news: nothing changes about your day-to-day experience. Your account works the same way, your expected yield stays the same, and the fund continues to do what it’s always done — provide a reliable place for cash inside a portfolio.

That said, we believe in being transparent, so here’s what changed and why.

What changed?

Previously, the Savings Fund held MNY — the ETF version of the Purpose Cash Management Fund.

We’ve now switched that holding to PFC7901, which is the mutual fund version.

Same underlying strategy. Different wrapper.

Why we made the change

The fund itself hasn’t changed, but the mutual fund structure makes distributions simpler and more predictable.

With the ETF version, distributions occasionally included a small return of capital component—meaning part of the payout was a return of the investor’s own money rather than investment income. That isn’t unusual in the ETF world, but it can add complexity and make payouts a little less straightforward.

With the mutual fund version, distributions are cleaner. They more consistently reflect earned interest, without the occasional return of capital element.

Just to underline the most important point:

✅ Your expected yield hasn’t changed
✅ The management fee hasn’t changed

The easiest way to picture it

Think of it like two cups of the same coffee:

• Paper cup = ETF (MNY)
• Ceramic mug = mutual fund (PFC7901)

The coffee tastes exactly the same, but the ceramic mug tends to be steadier and less messy.

Bottom line

Here’s what this means for you:

• The fund you hold remains the same quality and performance you expect
• There is no impact on your account or expected yield
• We switched from the ETF to the mutual fund version to keep distributions more consistent and the structure simpler 

Transparency matters

We’ll keep sharing updates like this as they come up, even when they’re small, because we believe good investing is built on trust, clarity, and staying informed.

If you've ever felt that your finances are more complicated than they need to be, you're not alone.

Most people accumulate accounts over time—an RRSP from a former employer, a TFSA at the bank, investments spread across different institutions. Each one made sense at the time. But collectively, it becomes hard to see what you actually own or whether your portfolio is working together.

Bringing everything into one place changes that. You see your full asset mix clearly. You understand your diversification. You make decisions with the complete picture—not fragments of it.

To make that easier this year, we're offering a 1% bonus when you transfer (or contribute) $25,000CAD or more (per account) by May 31, 2026.

That's $500 on $50,000. $1,000 on $100,000. $2,500 on $250,000.

We'll also cover your reasonable transfer fees (of up to $150 plus HST), and we handle most of the paperwork. You just need to register first—assets only qualify after you're registered.

Important Information:

• All investments with us are in Steadyhand proprietary mutual funds.
• The bonus is paid in two installments (July 2026 and February 2027) directly into your account.
• You must register for the offer before transferring assets.
• This offer is intended to help offset transfer costs and is not a recommendation to consolidate. Please consider whether this is suitable for your financial situation.
• Consolidating accounts may have tax implications or affect your investment strategy. We encourage you to speak with a qualified advisor before making changes.

Register Now

Questions? Call us at 1-888-888-3147.

Steadyhand

P.S. The bonus is paid in two installments (July 2026 and February 2027) directly into your account. Full details on the program page.

What’s changing?

Previously, our website and your client statements show the fees you pay for our advice and services, including costs of managing the fund, operational expenses, fund manager costs, and taxes. We refer to this as the One Simple Fee - commonly known as the Management Expense Ratio (MER). Unlike most firms that layer advice fees on top of the MER, we roll it all together so you know exactly what you’ll pay upfront.

Starting this year, it will also include Trading Expense Ratio (TER) – the variable cost of buying and selling securities within the fund, which is incurred as part of trading activities. These costs have always existed and are already reflected in your fund returns, though they were previously reported “under the hood.”

When combined, the MER and TER make up the Fund Expense Ratio (FER).

Under a new regulatory requirement called Total Cost Reporting, all firms must now show these fund-level costs in dollar terms in your statements. We’re big fans of this new disclosure and have advocated the regulators for it. Going forward, you can think of the FER as the One Simple Fee — a complete and transparent view of the total cost of investing in the fund.

To make it clear, your fees are NOT going up — nothing new is being charged. You’ll just see a more complete breakdown, combining both the fees you pay Steadyhand and the fund-level expenses. Think of it like an airline ticket: the total price you paid has always included things like airport fees and fuel charges, even if they weren’t shown separately. Total Cost Reporting is simply itemizing those components so you can see how the total is made up.

Why the change?

The goal is to have the greatest transparency possible. While fund expenses have always been disclosed in documents like Fund Facts, many investors have not seen them clearly summarized in a single place. Regulators believe the new requirement gives a complete view of what it costs to invest, without having to dig through multiple sources. And we agree.

At Steadyhand, we continue to prioritize straightforward communication with investors. We support this change because we believe investors should have an easy-to-understand view of all their fees, without fine print or extra effort. In many ways, it brings the rest of the industry closer to the standard we’ve always upheld. 

There’s nothing for you to do — we’ll continue to handle the reporting, and you’ll start to see the updated format on the website in January 2026 and in your 2027 client statements.

As always, our team is here to answer any questions and help you understand your statements. Please call us at 1-888-888-3147.

The year-end distributions for all our funds, except the Savings Fund, will be declared on Wednesday, December 17th and paid on Thursday, December 18th. The Savings Fund will pay its regularly scheduled monthly distribution on Wednesday, December 31st.  

Understanding distributions 

As a quick refresher, distributions are how mutual funds transfer accrued interest income, dividend income, and realized capital gains over the year to unitholders. Most investors choose to reinvest these distributions into additional fund units, though you can also opt to receive them in cash. 

Impact on fund prices

It’s important to note that immediately following a distribution, the fund’s price drops by an amount equivalent to the payment. However, you will receive additional units in the fund equal in value to the amount of the distribution. The result is that the value of your investment doesn’t change, you just own more units in the fund at a lower unit price. 

For example, assume you own 100 units of a fund valued at $10.00/unit (your investment is worth $1,000). If the fund pays a distribution of $0.10/unit, its price will drop to $9.90 following the distribution. However, if you follow the common practice of reinvesting your distributions, you will receive an additional 1.01 units in the fund ($10.00/$9.90), so the value of your investment remains unchanged (101.01 units x $9.90/unit = $1,000). 

Estimated distributions 

The estimated distributions for our funds (to be declared on December 17th) are as follows:  

• Income Fund: $0.17/unit (bringing the year-to-date total to $0.38/unit)   
• Founders Fund: $0.95/unit (bringing the year-to-date total to $1.08/unit)   
• Builders Fund: $0.69/unit   
• Equity Fund: $0.79/unit   
• Global Equity Fund: $0.08/unit   
• Small-Cap Equity Fund: $1.60/unit   
• Global Small-Cap Equity Fund: $1.00/unit 

Please note that these are estimates only and are subject to change. 

Important note for investors 

If you are considering purchasing units in the funds in a non-registered (taxable) account, you may want to wait until after the distributions are declared. Fund units purchased on or after December 18th will not receive distributions. 

If you have any questions about distributions, please call us at 1-888-888-3147.