Hedge Fund Subscription Procedure Page 6
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23The Investor consents to AGF's collection of the personal information relating to the Investor
contained in this Subscription Agreement or gathered in connection with the Investor’s
investment in the Fund. The Investor acknowledges that AGF may request further personal
information about the Investor’s financial circumstances and qualification as an accredited
investor, in order to comply with AGF’s obligations under applicable securities legislation. The
Investor acknowledges that such personal information will be used by AGF and its affiliates in
order to administer and manage the Fund and the Investor’s investment in the Fund, and may be
disclosed to third parties that provide administrative and other services in respect of the Fund and
to government agencies where it is permitted or required by law, including any applicable anti-
money laundering legislation and Part XVIII – Enhanced International Information Reporting of
the Income Tax Act (Canada) or similar laws.
9.
Fees:
The Investor hereby agrees to pay AGF, as Manager and Portfolio Manager, a Management Fee
for its combined services equal to the amount set forth in Schedule “A”, plus applicable tax
(AGF, as Manager and Portfolio Manager, is not entitled to receive any fees from the Funds).
The Investor understands and agrees that AGF will redeem sufficient Units of the Fund to satisfy
the obligation to pay the Management Fee as set forth in Schedule “A”.
The Investor agrees that it is the Investor’s responsibility to determine the deductibility of
Management Fees and Dealer Service Fees for tax purposes and to seek assistance of a qualified
tax professional in that regard, if necessary.
In addition, the Investor hereby agrees to pay a Dealer Service Fee to their Dealer equal to the
amount set forth in Schedule “A”, plus applicable taxes, if any. The Investor understands and
agrees that AGF may calculate and deduct the Dealer Service Fee, on behalf of the appropriate
Dealer, set forth in Schedule “A” by redeeming sufficient Units to satisfy this obligation and to
forward the Dealer Service Fee component to the appropriate Dealer. The Dealer Service Fees
are deducted by automatically redeeming Units on or before March 20, June 20, September 20
and December 20 of each year. If you hold your Units in a non-registered account, you may
realize a capital gain or loss when your Units are sold. Capital gains are taxable. You should
consult a tax advisor about the tax treatment of the Dealer Service Fees.
If the Investor redeems or switches (to another Dealer or to another account) all of its Units prior
to the next payment date for Management Fees and Dealer Service Fees, the Investor
understands and agrees that the Management Fees and Dealer Service Fees, accrued to the date
of redemption or switch, will be deducted by AGF from the redemption proceeds payable to the
Investor or from the amount to be switched, and will be based on the Net Asset Value per Unit
on the redemption or switch trade date.
10.
Short-Term and Frequent Trading:
AGF has in place procedures to detect, identify and deter inappropriate short-term and frequent
trading, and may alter them from time to time, without notice. If inappropriate short-term or
frequent trading activity is detected, AGF will take such action as it considers appropriate to
6
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial