Credential disclosure and mutual funds disclaimer

Mutual funds are offered though Credential Asset Management Inc. and mutual funds and other securities are offered though Credential Securities Inc. and Credential Direct, a division of Credential Securities Inc., which operates as a separate business unit. Referral fees, commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments, managed accounts or the investments therin. Please read the prospectus before investing. Unless otherwise stated, cash balances, mutual funds and other securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Mutual funds, managed accounts and other securities are not guaranteed, their values change frequently and past performance may not be repeated. Credential Securities Inc. is a Member of the Canadian Investor Protection Fund.

The Credential Managed Account is distributed by Credential Asset Management Inc. and Credential Securities Inc. and OnPoint Managed Portfolios are distributed by Credential Securities Inc.

® Credential, Credential Securities, Credential Direct and OnCourse are registered marks and TM OnPoint is a trademark owned by Credential Financial Inc. and are used under licence.