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KV Annual Report 2014

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ANNUAL REPORT We continue to believe that patient capital operating within the Alberta private mortgage lending market and deployed into deals with common sense loan to values will achieve long term and consistent success; KV Mortgage Fund will not chase yield at the expense of investment quality. Under the oversight of the independent board of directors and independent lending review committee we remain committed to providing you transparency with respect to the performance of the Fund and quality of the mortgage portfolio. We will also continue to exercise diligence through 2015 in actively managing the loan portfolio with the intention of building on our track records of $0.00 losses since inception and an uninterrupted divided payment history. KV Mortgage Fund offers investors a compelling opportunity and we look forward to realizing continued success together. ank you for investing with us. Aleem Virani, CA, CBV President Jonathan Herman, CA CFO is message is to be read in conjunction with the Caution Regarding Forward-Looking Statements on page 18. 16

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