Mr. Arthur Galloway of Picton Mahoney Asset Management reports

PICTON MAHONEY ASSET MANAGEMENT ANNOUNCES MONTHLY DISTRIBUTION FOR PICTON MAHONEY FORTIFIED INCOME ALTERNATIVE FUND EXCHANGE TRADED FUND UNITS, PICTON MAHONEY FORTIFIED SPECIAL SITUATIONS ALTERNATIVE FUND EXCHANGE TRADED FUND UNITS

Picton Mahoney Asset Management has declared the July, 2023, monthly cash distribution of 4.48 cents per unit for the exchange-traded-fund units of Picton Mahoney Fortified Income Alternative Fund.

Picton Mahoney Asset Management has declared the July, 2023, monthly cash distribution of 4.03 cents per unit for the ETF units of Picton Mahoney Fortified Special Situations Alternative Fund.

Picton Mahoney Asset Management has declared the July, 2023, monthly cash distribution of 3.70 cents per unit for the ETF units of Picton Mahoney Fortified Core Bond Fund.

Picton Mahoney Asset Management has declared the July, 2023, monthly cash distribution of 2.09 cents per unit for the ETF units of Picton Mahoney Fortified Alpha Alternative Fund.

Unitholders of record of the ETF units, at the close of business on July 24, 2023, will receive a per-unit cash distribution payable on July 31, 2023.

About Picton Mahoney Asset Management

Picton Mahoney Asset Management specializes in differentiated investment solutions and rules-based volatility management. Picton Mahoney helps its clients fortify their portfolios based on experience honed over the years through different market cycles and investing environments.

Founded in 2004 and 100 per cent employee owned, Picton Mahoney is a portfolio management boutique entrusted with over $9.3-billion (as at May 31, 2023) in assets under management. Pioneers of Authentic Hedge investment principles and practices in Canada, the firm offers a full suite of investment solutions, including mutual and alternative funds, to institutional and retail investors across the country.

Commissions, trailing commissions, management fees, performance fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Alternative funds can only be purchased through a registered dealer and are available only in those jurisdictions where they may be lawfully offered for sale.