Healthcare Special Opportunities Fund
Notice of Change in Legal Structure and Termination
An actively managed, closed-end listed fund comprised of public and private North American issuers to provide long-term total return through distributions and capital appreciation.
Healthcare Special Opportunities Fund (MDS.UN)
The Healthcare Special Opportunities Fund is an actively managed, closed-end listed mutual fund comprised of publicly traded companies and private issuers that derive most of their revenue or earnings from medical and healthcare products and/or services. The fund’s investment objective is to provide unitholders with long-term total return through distributions and capital appreciation of the Fund’s investment portfolio by investing in equity and debt securities of issuers that derive a significant portion of their revenue or earnings from medical and healthcare products and/or services. There are a number of key demographic and economic factors that will drive the performance of the healthcare sector and the Fund over time. These factors include aging population in North America, increasing living standards, industry growth leading to regulatory reform and broad technological innovation within the healthcare industry.
|Closing date:||July 15, 2015|
|Management Fee:||Annual management fee of 1.25% of the NAV of the Fund|
|Performance Fee:||20% of the amount by which the cash proceeds at disposition of each private holding exceeds 106% of the Threshold Amount (107% of the original book value of the investment). Please refer to long form prospectus.|
|Portfolio Manager:||LDIC Inc.|
|Distributions:||The Manager may determine to pay a cash distribution to Unitholders based upon prevailing market conditions and the total return generated from the Portfolio. There can be no assurance the manager will make any such declaration relating to cash distributions.|
|Shorting Capability:||Fund has the ability to engage in short selling. The absolute value of all short positions will not exceed 10% of the net asset value of the Fund on a daily marked-to-market basis.|
|Administrator:||RBC Investor and Treasury Services|
|Auditor:||Ernst & Young LLP|
|Legal Counsel:||Wildeboer Dellelce LLP|