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KV Annual Report 2014

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ANNUAL MANAGEMENT REPORT OF FUND PERFORMANCE For the year ended February 28, 2014 is annual management report of fund performance contains financial highlights and accompanies the audited annual financial statements of KV Mortgage Fund Inc. (the "Fund"). e Fund will provide you with a copy of the annual financial statements, at no cost, upon request through any of the following means: Phone: 1-888-933-1222 (toll free) Jonathan Herman, CFO Email: investor@kvcapital.ca Mail: KV Mortgage Fund Inc. 108, 2627 Ellwood Drive SW Edmonton, Alberta T6X 0P7 17

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