The Fund has been established to provide investors with exposure to an actively managed portfolio (the “Portfolio”) comprised primarily of equities of Global Telecom Issuers and Global Utilities Issuers.

 The Fund’s Investment Objectives are to provide Unitholders with:

1. tax-advantaged monthly distributions; (initially targeted to be $0.06 per Unit ($0.72 per annum) representing an annual cash distribution of 6.00% based on the $12.00 per Unit issue price); and
    

2. capital appreciation.