Investor Suitability:

This Fund is a closed-end fund trading on the TSX under the symbol HYB.UN. This Fund offers sophisticated investors access to primarily Canadian issuers in the high yield market.

Investment Objectives:

The Fund's primary investment objective is to provide investors with a high level of current income distributed quarterly over the ten year life of the Fund while preserving capital for distribution to Unitholders upon termination of the Fund. The Fund will also seek capital appreciation through investing in securities with potential for appreciation.

Investment Strategies:

The Fund invests in a diversified portfolio consisting primarily of high yield debt securities. The Fund’s assets may be invested in high yield debt and other securities of U.S. and other foreign corporate and government issuers.