REALnorth provides third-party pricing updates periodically, and at least once annually, as required under the Client Relationship Model – Phase 2 (“CRM2”) amendments to National Instrument 31-103 that came into effect on July 25, 2013. These requirements are intended to provide position cost information and to determine market values using a prescribed methodology for most securities owned by clients.

Since December 31, 2017, the trust units (each, a “Unit”) of REALnorth Opportunities Fund ("REALnorth") have been priced at $864.00 per Unit (CAD). This pricing is based upon a third party report in accordance with the CRM2 requirements.