Kv Mortgage Fund Inc.
MANAGEMENT DISCUSSION OF
FUND PERFORMANCE
This management discussion of the Fund's performance is based on the views of the Fund's management as at February
28, 2013 and is not intended to provide legal, accounting, tax or investment advice.
Investment Objectives and
Strategies
The Fund commenced operations in 2009 to provide
investors indirect access to mortgage investments that
were selected and approved by the Fund Manager. It
is the intention of the Fund to qualify as a "mortgage
investment corporation" as defined under Section
130.1(6) of the Income Tax Act (Canada).
Risk
The risks associated with investing in the Fund remain
as disclosed in its offering memorandum. Changes to
the Fund that occurred during the fiscal year ended
February 28, 2013 (the "Year") have not affected the
overall risk profile.
The investment objectives of the Fund are to:
1. Preserve capital; and
2. Generate monthly income.
To realize on its objectives, the Fund invests in a
diversified portfolio of mortgage investments that mature
within two or less years and are exclusively managed by
the Fund Manager.
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