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Manager Spotlight Morrison Williams

a subsidiary of Aston Hill Financial

Multi-Asset Income-Generating Expertise

Fund details:

By looking for yield across multiple asset classes, Morrison Williams Investment Management (Morrison Williams), an Aston Hill Financial (AHF) subsidiary, has built an investing process with the potential to achieve capital appreciation and stable income over the long term.

Renaissance Millennium High Income Fund

Founded in 1992 by Barry Morrison and Les Williams, Morrison Williams was acquired by AHF in 2011. Founded in 2001, AHF has grown to over $5 billion in total assets under management. With over 75 years experience among the senior leadership team, AHF has extensive investment knowledge across a number of industries. AHF is managed by CEO Eric Tremblay and CIO and President Ben Cheng, a 20-year industry veteran.

Class A Front-End Load: Back-End Load: Low Load: Class F:

ATL1879 ATL1880 ATL2880 ATL1650

MER (Class A):

2.53%1

I NVESTMENT PR OC ES S • • • • •

Taps into multiple sources of income to provide yield Combines top-down and bottom-up investment approaches Focuses on quality companies at a reasonable price Invests across the capitalization range, increasing opportunities Accesses deep research capability, including U.S. high-yield bonds and global dividend equities

EXPERIEN CE Barry Morrison, CFA Portfolio Manager, Renaissance Millennium High Income Fund Chief Executive Officer, Morrison Williams • Began in investments business in 1968 • I mpressive performance track record managing Renaissance Millennium High Income Fund since 1997 Prior to establishing Morrison Williams, Barry held senior positions with BGH Investment Management, Mortgage Insurance Co. of Canada, United Funds Management and Dominion Life Assurance Co. Mr. Morrison holds a BA in Economics and is a Fellow of Life Management Institute.

A Division of Aston Hill Asset Management Inc.

Alexander Sandy Liang, CFA Co-Portfolio Manager, Renaissance Millennium High Income Fund President and Portfolio Manager, Aston Hill Financial • Over 20 years of experience in credit and equity markets • F ormer Senior Managing Director at Bear, Stearns & Co. where he was voted on the Institutional Investor Magazine All-America Fixed Income Research Team (High Yield) for seven consecutive years r. Liang is a corporate debt Portfolio Manager at Aston Hill Asset M Management Inc. since October 2011. Mr. Liang graduated from the University of Western Ontario with a BA in Economics and McGill University with an MBA.

For Advisor Use Only

Contact your Renaissance sales representative to discuss how Morrison Williams can add predictability to your clients’ income portfolios.


Manager Spotlight Morrison Williams

a subsidiary of Aston Hill Financial

A BOU T THE FUND: Renaissance Millennium High Income Fund Investment Objective To achieve the highest possible return that is consistent with a conservative fundamental investment philosophy through investment primarily in a balanced and diversified portfolio of Canadian income securities. Value

Blend

Growth

Top-Down Mix Bottom-Up

Calendar Year Performance 2011

2010

2009

2008

2007

2006

2005

7.6%

16.6%

21.9%

(31.5%)

5.3%

2.9%

24.6%

Inception Date: February 13, 1997 Minimum Initial Investment: $500 Subsequent: $100 Pre-Authorized Chequing Investment (PAC) or Group RRSP: $50 minimum investment for monthly, quarterly, semi-annual or annual deposit. Systematic Withdrawal Plan: With minimum initial account value of $10,000. Withdrawals may be made monthly, quarterly, semi-annually or annually. $50 minimum. Annual Management Fee (excluding applicable taxes): 2.00%

098

Distribution of Earnings: The Fund aims to distribute a consistent amount every month ($0.060 per unit). If the amount distributed exceeds the Fund’s net income and net realized capital gains, such excess will constitute a return of capital. The amount of distribution is not guaranteed and may change from time to time.

Fund performance ending June 30th, 2012: 1yr 6.3%, 3yr 15.0%, 5yr 2.0%, 10yr 7.5%. Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. This material was prepared for investment professionals only and is not for public distribution. It is for informational purposes only and is not intended to convey investment, legal or tax advice. ™ Renaissance Investments is offered by and is a registered trademark of CIBC Asset Management Inc. The material and/or its contents may not be reproduced or distributed without the express written consent of CIBC Asset Management Inc. 02526E(201208)

For Advisor Use Only


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