This information does not reflect the expected performance of the fund (s) and is provided solely for the purpose of illustrating the experience of Nymbus Capital Group Inc. and estimated past results of its investment activities. This information is not and should not be interpreted as representing the future performance of the securities or the amounts, if any, distributed by the fund (s). They are provided for illustrative purposes only and should not be construed as forecasts or projections. Past performance is not indicative of future performance. Certain statements included in this document constitute forward-looking statements, including but not limited to statements that include the words "anticipate", "plan", "should" or similar expressions to the extent they relate to strategies. Forward-looking statements are not historical facts but reflect current expectations of Nymbus Capital Group Inc. with respect to future results or events. They are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although Groupe Nymbus Capital inc. believes that these forward-looking statements are based on reasonable assumptions, forward-looking statements are not guarantees of future performance. Accordingly, the reader is cautioned not to place undue reliance on these statements, given the uncertainty associated with them. Nymbus Capital Group Inc. undertakes no obligation to update or revise any forward-looking statement or information in light of new information, future events or any other factors that may affect such information, except as required by law. Performance of the Nymbus Folco Strategies is based upon the proprietary track record of real personal and family accounts managed by the Manager up until September 2017 (the “Real Estate Proprietary Account”). Since September 2017, performance of the Real Estate Strategy is based upon the performance of the Real Estate Model Account. Although the Real Estate Model Account serves as a model for all accounts invested in the Real Estate Strategy, the portfolio returns for the Managed Account are likely to differ from the Model Accountreturns reported for the Real Estate Strategy. In addition, although historical portfolio returns for the Real Estate Proprietary Account include transaction fees, they do not include management fees. Thus, the portfolio returns of the Real Estate Proprietary Account would have often exceeded the composite returns for the Real Estate Strategy which have been calculated since September 2017 and the returns of any particular client invested in the Real Estate Strategy. All information is from sources believed to be reliable, but its accuracy is not guaranteed. All company names, brand names and logos are the property of their respective owners. Bloomberg is a trademark and service mark of Bloomberg Finance L.P., a limited partnership of Delaware, or its subsidiaries. The S & P/TSX Capped Real Estate Index and the S & P / TSX Composite Total Return Index are registered trademarks of Standard & Poor's, a division of McGraw-Hill Companies, Inc. "FTSE®", "Russell®" , "MTS®", "FTSE TMX®" and "FTSE Russell" and other trademarks and service marks related to the FTSE or Russell Indices are registered trademarks of the London Stock Exchange Group.