Lawrence Park Capital Partners Credit Strategies Fund

1. Lawrence Park Capital PartnersCredit Strategies Fund Advisor Discussion May2014

2. Disclaimer THIS SUMMARY HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY, SOLELY AS A PRELIMINARY DOCUMENT TO DETERMINE INVESTOR INTEREST REGARDING LAWRENCE PARK CREDIT STRATEGIES FUND(THE “FUND”), WHICH IS DESCRIBED HEREIN. EXCEPT AS OTHERWISE DESCRIBED IN THE FUND’S CONFIDENTIAL PRIVATE PLACEMENT MEMORANDUM (THE “PPM”), DATED March 3, 2014THIS DOCUMENT MAY NOT BE REPRODUCED FOR ANY PURPOSE OR PROVIDED TO OTHERS IN WHOLE OR IN PART WITHOUT THE PRIOR WRITTEN PERMISSION OF THE FUND MANAGER OF THE FUND (THE “FUND MANAGER”). AN OFFER OR SOLICITATION WILL BE MADE ONLY THROUGH THE PPM, AND WILL BE SUBJECT TO THE TERMS AND CONDITIONS CONTAINED IN THE PPM. THIS SUMMARY DOES NOT CONSTITUTE AN OFFER TO SELL OR BUY ANY SECURITIES. THE INFORMATION SET FORTH HEREIN DOES NOT PURPORT TO BE COMPLETE AND IS INTENDED TO BE READ IN CONJUNCTION WITH THE PPM. ALL INFORMATION AND OPINIONS AS WELL AS ANY FIGURES INDICATED HEREIN ARE SUBJECT TO CHANGE WITHOUT NOTICE. THE INVESTMENT RATES OF RETURN SET FORTH HEREIN DO NOT REFLECT MANAGEMENT FEES, EXPENSES OR CARRIED INTEREST TO BE CHARGED BY THE FUND MANAGER. THIS PRODUCT WILL BE AVAILABLE TO ACCREDITED INVESTORS AS THAT TERM IS DEFINED UNDER CANADIAN SECURITIES LEGISLATION. IN ONTARIO, IN ORDER FOR INVESTORS TO BE CONSIDERED ACCREDITED INVESTORS, INVESTORS MUST MEET CERTAIN ELIGIBILITY REQUIREMENTS WITH REGARDS TO FINANCIAL ASSETS AND/OR INCOME HISTORY. AN INVESTMENT IN THE FUND WILL INVOLVE SIGNIFICANT RISKS DUE, AMONG OTHER THINGS, TO THE NATURE OF THE FUND’S INVESTMENTS. THE RISK FACTORS WILL BE CONTAINED IN THE PPM. INVESTORS SHOULD HAVE THE FINANCIAL ABILITY AND WILLINGNESS TO ACCEPT RISKS WHICH ARE CHARACTERISTIC OF THE INVESTMENTS DESCRIBED HEREIN. THIS PRESENTATION DOES NOT CONSIDER THE SPECIFIC INVESTMENT OBJECTIVES, FINANCIAL SITUATION OR PARTICULAR NEEDS OF ANY RECIPIENT. NO ASSURANCE CAN BE GIVEN THAT THE FUND’S INVESTMENT OBJECTIVE WILL BE ACHIEVED OR THAT THE INVESTORS WILL RECEIVE A RETURN OF THEIR CAPITAL. ACCORDINGLY, THE PPM SHOULD BE READ IN ITS ENTIRETY AND REVIEWED BY POTENTIAL INVESTORS’ LEGAL AND FINANCIAL ADVISORS. CONFIDENTIAL

3. Global Bond Markets aren’t like Equity Markets • The Bond Market is a massive, decentralized network of market participants • The bond and stock markets are the two most important pieces of the capital markets. While the stock market is mostly known as a barometer about where the economy may be headed, the bond market is regarded as an indicator about how the economy is currently doing. • The Global Bond Market is estimated1at 157 trillion vs. the Global Equity Market at 54 trillion • Bonds do not trade on exchanges like equities do, making transparency and access to product challenging for individual investors • The size, diversity, and inefficiencies that exist within the global fixed income market present a wealth of investment opportunities. Distinct from the equity market, companies issue multiple, and in some cases, hundreds of debt instruments. These come in different maturities, currencies, and position in the capital structure, creating many unique opportunities • The Lawrence Park Credit Strategies Fund invests and profits from the inefficiencies across Global Bond Markets Source: McKinsey Global Institute: August 2011 Global stock of debt and equity outstanding (based on a sample of 79 countries) 2010 CONFIDENTIAL

4. History Lesson in Rates 10-year US Treasury Yields 2013: 1.626% – 3.029% May 2, 2013 Dec 31, 2013 April 30, 2014: 2.65 3.029% Close Dec. 2013 Source: Global Financial Database, Goldman Sachs Global ECS Research CONFIDENTIAL

5. Recent Return Profile Returns for a traditional Fixed Income Portfolio (2001-2012) • Fixed Income performance for the past 30 years has seen rising bond prices due to falling interest rates • Given historically low interest rates, investors will be exposed to additional risk/losses as rates rise • Investors can manage interest rate risk within their portfolios with long/short strategies, potentially limiting the effects of rising rates 6.10% 13% from other 87% of return from interest rate risk CONFIDENTIAL

6. The Right Solution • A SMARTER approach to fixed income and credit investing Capital Preservation • Buy global corporate bonds, and mitigate interest rate risk • Focus on investment grade rated bonds from around the globe, where liquidity is high and default risk is still remote • Diverse portfolio hedging strategy Low Volatility • Professionally managed active trading • Strong risk management Consistent Returns • Nimble, mean reversion approach to trading • Strategic, repeatable process CONFIDENTIAL

7. Lawrence Park Capital Partners • Fixed Income only Smarter • Traditional fixed income values: Capital Preservation, Low Volatility and Consistent Returns • C$350mmillion Assets Under Management • Both mutual fund and accredited investor products • Veteran Fixed Income Team with significant international expertise • Partnered with CI Financial CONFIDENTIAL

8. A Solid, Seasoned, and Professional Team • Partners and staff combine for over 70 years experience trading, structuring, and building fixed income credit businesses globally • Established investment strategy honed over two decades managing multi-billion dollar portfolios • Proprietary investment strategies employed using bank capital • Senior partners bring extensive experience from major global financial centres: London, New York, and Toronto • First hand knowledge and understanding of the nuances of each market/region • Experience evaluating and hedging credit opportunities across multiple currencies and markets • Extensive long-standing relationships with sell side community • Daily insight into the inventories and axes of 42 global bond dealer and broker desks CONFIDENTIAL

9. Portfolio Construction • Best picks from global markets • Long positions in credit with interest rate hedges in place Core Credit Positions • Capture short-term price dislocations • Active trading • Capture short term anomalies resulting from(daily) new issues, supply/demand considerations, event driven movements Momentum Trading Lawrence Park Credit Strategies Fund Relative Value • Capture changing price relationships between related securities • Hedge positions with little or no directional market risk • Pairs Trading, Curve Trading, Capital Structure Trading, Cross-currency arbitrage CONFIDENTIAL

10. Consistent Returns 6 4 Corporate Spread Index Corporate Bond Index CONFIDENTIAL

11. …With Low Volatility CONFIDENTIAL

12. Diversified Portfolio As of Apr 30, 2014 CONFIDENTIAL

13. Portfolio Trends Top Ten Holdings Portfolio Themes • US long term rates to gradually rise, as inflation becomes a more pressing issue for Fixed Income markets in the next 2-3 years • Credit fundamentals to remain stable, with low default rates and limited downgrades • Credit spreads to remain compressed, with periods of moderate volatility • Still room for the Financial sector to outperform as bank balance sheets continue to improve • Europe offers attractive credit opportunities CONFIDENTIAL

14. Fund Facts: Credit Strategies Fund *Advisors may aggregate minimum investment among individual clients CONFIDENTIAL

15. Contact Us • Lawrence Park Capital Partners Ltd. • 2 Berkeley Street, Suite 304 • Toronto, ON • M5A 4J5 • 416-646-2180 • www.lpcapitalpartners.com • Kathleen Biggs • Director, Business Development • Office: (416) 646-2180 • kathleen.biggs@lpcapitalpartners.com @lpcapitalpartnr Follow us! CONFIDENTIAL

16. Performance And Benchmark Disclaimer • All return figures for the Lawrence Park Credit Strategies Fund (the “Fund”) are based on the A Series units and are net of management fees, performance fees, trailing commissions (if any) and Fund expenses. Other series may have higher fees and differing redemption terms. Monthly returns are based on monthly NAV calculations by RBC Investor Services. • The DEX XCB is an index-based ETF that replicates the DEX Corporate Index, a benchmark index of Canadian Dollar corporate bonds published daily by PC Bond Analytics. The Fund has a high % of its assets in C$ corporate bonds, and thus the DEX Corporate is a relevant index for comparing risk and return in the Fund. The DEX Corporate Index has a high component of interest rate risk, whereas the Fund has a low component of interest rate risk. • The TSX is a widely-known equity index of Canadian large-cap companies. It is included for purposes of comparing fund returns and volatility against different asset classes. The Fund invests primarily in debt instruments, and the inclusion of the TSX is not intended to imply that equity indices are an appropriate benchmark for the Fund. • BGCI refers to the Barclays Global Corporate Index. Returns for this benchmark are calculated as excess daily returns, or the difference between total returns of the security and an implied Treasury portfolio matching the term-structure profile of that security. Returns are calculated in Canadian dollars, assuming currency exposures on non-Canadian holdings are fully hedged. In the opinion of the portfolio managers, this index represents a valid benchmark for the Credit Strategies Fund on the basis it is a) based on a global portfolio of publically traded corporate bonds, b) expressed in Canadian Dollars, and c) assumes currency and interest rate risk have been hedged from the portfolio. • Annualized volatility and Sharpe calculations are based on daily returns since inception, calculated by the Manager. The risk-free rate used for the Sharpe ratio calculation is 1.00%, approximately equal to the average Canadian 3 month T-bill rate over the past 12 months. All comparisons to the benchmark are since inception of the Fund, March 1, 2012, unless noted otherwise. • Ratings and Regional Breakdowns reflect the end of the month portfolio composition on a Total Exposure basis. Total Exposure is equal to the total directional long positions, plus total directional short positions, excluding hedges & cash. Investors should note that because the portfolio is turned over frequently, current composition may differ materially from the numbers stated herein. • The Fund’s returns are not guaranteed, its value changes frequently, and past performance may not be repeated. No representations or warranties of any kind are intended or should be inferred with respect to the economic return or the tax consequences from an investment in the Fund. Potential qualified investors should read the Fund’s offering memorandum carefully prior to investing. • Investors should note that the Fund utilizes long and short positions in both domestic and international fixed-income products, and may incorporate leverage and derivative overlays. Fund performance may deviate significantly from benchmark indices shown. CONFIDENTIAL