Special Situations Fund (Trust)
Fund Overview
This fund provides opportunistic, managed exposure to early stage companies operating in some of today’s most exciting investment themes, while retaining a bias to resource oriented stocks. The Fund provides growth potential, useful for adding alpha within the context of a balanced portfolio. Holdings are micro-to-mid-cap companies listed on the TSX, TSX-V and CSE.
Documents
OFFERING MEMORANDUM – Special Situations Fund Trust
OVERVIEW – Special Situations Fund Trust ENG
OVERVIEW – Special Situations Fund Trust CHINESE
SUBSCRIPTION AGMT – Special Situations Fund Trust
Special Situations Fund (Trust)
| Equity Holdings | Symbol | Theme | % of Portfolio – Gross of Cash |
|---|---|---|---|
| Aurcana Corp. | AUNFF | Mixed Precious Metals | 10.7% |
| CellCube Energy Storage | CUBE | Battery Metals | 6.3% |
| Deer Horn Capital | Pref 6Ap19 | Financial / Mining | 7.1% |
| E3 Metals Corp | ETMC | Battery Metals | 6.8% |
| First Vanadium Corp. | FVAN | Battery Metals | 6.6% |
| Franchise Cannabis Corp. | AT | Cannabis | 0.0% |
| Int’l Cannabrands Inc. | OIL | Cannabis | 29.7% |
| Jiulian Resources Inc. | JLR | Mixed Precious / Industrial Metals | 11.9% |
| Mexican Gold Corp | Pref 23MAR19 | Gold | 6.4% |
| Wavefront Technology | WEE | Technology | 6.3% |
| Cash and Warrants | Cash and Other | 8.2% | |
| 100% |
Commodity Concentration
Investment Objectives
The fund seeks capital appreciation.
Investment Highlights
The Fund invests primarily in a spectrum of growth-oriented micro-cap to mid-size companies listed on the TSX, TSX-V and CSE with the following characteristics:
- Strong growth strategies and prospects
- Experienced, reputable management teams
- Quality projects with a defined business plan
Fund Details
Structure: Open ended Mutual Fund Trust
Investment type: Units of the structure
Risk Rating: High
Eligibility: Suitable for taxable accounts of accredited and eligible investors of applicable provinces, as defined in the Offering Memorandum. Available to residents of British Columbia, Alberta, Saskatchewan, Manitoba, Quebec and Ontario. Via Trust structure, the fund will be available for RRSP and other tax sheltered plans
Initial price: $10 per unit
Minimum investment: $5,000 per prior arrangement
Maximum: The fund will be closed to new subscribers at $25 million
Redemption Restrictions: Purchasers are restricted to a 1-year initial holding period. Annual redemptions require 90-days notice prior to year-end. Please see Offering Memorandum.
Classes available: A and F
Fund Code: FIQ121 (class A) / FIQ123 (class F)
Sales: Subscription agreement
Commission: TBD
Management fees: 2% (class A) / 1% (class F). A 20% performance fee will be paid on all net returns over 5% per annum.
Management expenses:0.75%
Manager: Gravitas Securities Inc.
Fund Manager
The Manager
Gravitas Securities Inc., together with its affiliates, is a Canadian-based global investment manager founded in 2006. The Gravitas Group of Companies has over C$3.6 billion in assets under administration and includes more than 400 investment professionals located across North America.
Investment Team
The Fund’s investment team is led by Neil Gilday, CEO of Gravitas Investments and Portfolio Manager of Gravitas Securities Inc.
Neil and his team have a team based approach to investing and have decades of experience in managing, sourcing and structuring private and public resource transactions.
Neil Gilday, CFA
Portfolio Manager
Gravitas Securities Inc.
Graham Shirley, CFA
Investment Advisor
Gravitas Securities Inc.
Wes Roberts, B.Sc., MBA, P.Eng.
Analyst, Mining