Trapeze Asset Management Inc., Investment Management - Introduction

Trapeze Asset Management Inc. (TAMI ) is an investment counselor/portfolio management firm which manages equity/growth, income and balanced portfolios on a discretionary basis for high net worth individuals and institutions. TAMI provides its money management services primarily through individually managed accounts.

Value Investment Philosophy
As value investors, our strategy is to conduct fundamental research to invest in undervalued securities on a diversified basis. We do so using an exclusively licensed methodology (SVA™) to time purchases and sales.

Managed Accounts
TAMI offers managed accounts which are separate, individualized discretionary accounts managed by our team of seasoned portfolio managers. Accounts are tailored to individual clients by taking into consideration their specific objectives, circumstances, risk tolerance and tax considerations. TAMI ’s managed accounts are offered to those with $500,000 or more.

Personal Relationships and Comprehensive Reporting
Continuing communication with each client is critical. We need to know your objectives and circumstances and must be kept aware of changes in your financial affairs in order to effectively manage your funds. Accordingly, we encourage personal contact with us. You are kept informed of your investments and our outlook via portfolio statements, quarterly letters, annual tax reporting and ongoing personal contact.

Administrative Ease
All cash and securities of our clients are custodied, at no additional cost to them, through TD Waterhouse Canada Inc., a subsidiary of The Toronto-Dominion Bank. In addition, most of our trades are executed by our affiliated investment dealer, Trapeze Capital Corp. (TCC), at competitive rates. TAMI and TCC have common ownership and share certain personnel and facilities. The two organizations exchange research ideas and strategies, all premised on the philosophy of value investing.