Issue link: http://e-delivery.uberflip.com/i/331274
ANNUAL REPORT FORWARD-LOOKING STATEMENTS Caution Regarding Forward-Looking Statements e terms the "Fund," "we," "us" and "our" in the following annual management report of fund performance (the "MRFP") and preceding message from the President and CFO (the "Letter"), refer to KV Mortgage Fund Inc. is MRFP and Letter may contain forward-looking statements relating to anticipated future events, results, circumstances, performance or expectations that are not historical facts but instead represent our beliefs regarding future events. ese statements are typically identified by expressions like "believe," "expects," "anticipates," "would," "will," "intends," "projected," "in our opinion," "plans," "estimates" and other similar expressions. By their nature, forward-looking statements require us to make assumptions which include, among other things, that (i) the Fund will have sufficient capital under management to effect its investment strategies and pay its targeted distributions, (ii) the investment strategies will produce the results intended by the Manager, (iii) the markets will react and perform in a manner consistent with the investment strategies and (iv) the Fund is able to invest in mortgages of a quality that will generate returns that meet and or exceed the Fund's targeted investment returns. Forward-looking statements are subject to inherent risks and uncertainties. ere is significant risk that predictions and other forward-looking statements will prove not to be accurate. We caution readers of this MRFP and Letter not to place undue reliance on our forward-looking statements as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed or implied in the forward-looking statements. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including but not limited to, general market conditions, interest rates, regulatory and statutory developments, the effects of competition in areas that the Fund may invest in and the risks detailed in the Fund's offering memorandum. We caution the foregoing list of factors is not exhaustive and that when relying on forward-looking statements to make decisions with respect to investing in the Fund, investors and others should carefully consider these factors, as well as other uncertainties and potential events and the inherent uncertainty of forward-looking statements. Due to the potential impact of these factors, the Fund and KV Capital Inc. (the "Manager") do not undertake, and specifically disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. is MRFP and Letter are dated May 26, 2014. Disclosure contained in the MRFP and Letter are current to that date, unless otherwise noted. Additional information on the Fund is available at www.kvmortgagefund.ca and in the Fund's offering memorandum, as updated from time to time. Management report of fund performance and message from the President and CFO are dated May 26, 2014 18