Announcements

Notice to Unitholders

April 12, 2010

Announcement: Steadyhand Investment Funds Limited Partnership (“SIF LP”) intends to resign as manager of the Steadyhand Savings Fund, Steadyhand Income Fund, Steadyhand Equity Fund, Steadyhand Global Equity Fund and Steadyhand Small-Cap Equity Fund (collectively, the “Steadyhand Funds”) and intends to appoint its affiliate and general partner, Steadyhand Investment Management Ltd. (“ShIM”), as the successor manager of the Steadyhand Funds. SIF LP’s resignation and ShIM’s appointment as successor manager are expected to be effective on the latter of (i) July 31, 2010; or (ii) the date that all regulatory approvals necessary for ShIM’s appointment as manager are received (such date to be referred to as the “Effective Date”). Although this change does not require your approval, we are required under the Trust Agreement for the Steadyhand Funds (the “Trust Agreement”) to give you notice of this change. This announcement is our notice to you.

In connection with this change, the Trust Agreement will be amended as of the Effective Date to reflect ShIM’s appointment as the manager of the Steadyhand Funds. Accordingly, all references to SIF LP in the Trust Agreement will be replaced with references to ShIM. The terms of the Trust Agreement require us to give you notice of these amendments. This announcement is our notice to you.

Put simply, the manager of the Steadyhand Funds will now be a corporation rather than a limited partnership. This change is not expected to impact the day-to-day administration of the Steadyhand Funds in any material way and the people in charge of the day-to-day administration of the Steadyhand Funds will not change. We are making these changes principally to comply with the new registration rules described in National Instrument 31-103 Registration Requirements and Exemptions as efficiently and cost-effectively as possible. In addition, we originally structured the firm as a limited partnership so the founders could better take advantage of tax losses in the firm’s early years. We had always planned to convert the firm to a corporate structure, and the timing is now right to do so.