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Legal and Important Information

The following Website terms of use (the “Terms”) govern the relationship between you and RP Investment Advisors LP (“RPIA”) and its affiliates and related entities (“we”, “our” or “us”) and governs your use of our website and its content (collectively, the “Website”).

By accessing the Website, you acknowledge these Terms and agree to be bound by them. If you do not agree to these Terms, you are not permitted to access the Website and must not access the Website. We reserve the right, in our sole discretion, to modify, alter or otherwise update these Terms at any time and you agree to review the Terms regularly, and your continued access or use of the Website will mean that you agree to any changes.

We may terminate, change, suspend or discontinue any aspect of the Website, including the availability of any feature, at any time. We may also impose limits on certain features or restrict your access to parts or all of the Website without notice or liability. We may terminate the authorization, rights and license given in these Terms and, upon such termination, you shall immediately destroy all information and materials obtained by you from the Website.

A. Information and Marketing Communications Contained in this Website

The information presented on this website, including any audio or video recordings is for informational purposes only. It does not provide financial, legal, accounting, tax, investment or other advice, and should not be acted or relied upon in that regard without seeking the appropriate professional advice. The information is drawn from sources believed to be reliable, but the accuracy or completeness of the information is not guaranteed, nor in providing it does RP Investment Advisors LP (“RPIA”) assume any responsibility or liability whatsoever. The information provided may be subject to change and RPIA does not undertake any obligation to communicate revisions or updates to the information presented. Unless otherwise stated, the source for all information is RPIA.

The information presented does not form the basis of any offer or solicitation for the purchase or sale of securities. Products and services of RPIA are only available in jurisdictions where they may be lawfully offered and to investors who qualify under applicable regulation. Products and services offered by RPIA, including investment funds and separately managed accounts are subject to the terms of its applicable agreement or offering documentation.

Investments carry the risk of financial loss. Investment performance is not guaranteed, and past performance may not be repeated.

“Forward-Looking statements” are based on RPIA’s views and opinions of current and possible future events pertaining to, but not limited to, financial markets, economic conditions and world events and are subject to a number of mitigating factors. Economic and market conditions may change, which may materially impact actual future events and as a result RPIA’s views, the success of RPIA’s intended actions as well as its actual course of conduct.

Information pertaining to securities should not be considered a recommendation to buy or sell a particular security. Specific securities including trade examples noted are for illustrative purposes only does not necessarily reflect a trade, historical or current holding in any particular RPIA strategy or fund. Strategies or funds may purchase and sell securities at any time and securities held may increase or decrease in value after the date presented.

RPIA Investment Strategies

Investment “strategies” presented on this website refer to one or more of the following strategies managed by RPIA in its capacity as a registered Portfolio Manager.

  • RP Debt Opportunities
  • RP Select Opportunities
  • RP Fixed Income Plus
  • RP Corporate Index Plus
  • RP Strategic Income Plus
  • RP Alternative Global Bond

These strategies may be available to eligible Canadian investors by way of private pooled investment funds, publicly offered mutual funds and/or separately managed accounts. The available investment vehicle for a particular strategy may differ based on the nature of the investor, minimum investment requirements, offering documents or management agreements and applicable regulatory considerations.

Strategy Performance

Performance is not guaranteed, and past performance may not be repeated. Unless indicated otherwise, all returns are presented as of the last calendar day of the stated month, in Canadian dollars and net of fees and expenses. Actual returns may vary from one investor to the next in accordance with the terms of the governing documents of relevant entities. Unless specified otherwise, returns presented for periods greater than one year are annualized while returns for time periods of one year or less are cumulative figures and are not annualized.

RP Debt Opportunities strategy returns are based on composite returns of RP Debt Opportunities Fund LP Class A and RP Debt Opportunities Fund Ltd. Class A, from October 2009 to July 2011 and RP Debt Opportunities Fund Ltd. Class A from August 2011 onwards.

RP Select Opportunities strategy returns are based on the weighted-average composite return of a separately managed account utilizing a similar strategy from inception in April 2014 to June 2014, and then linked to the returns of RP Select Opportunities Class A thereafter.

RP Fixed Income Plus strategy returns are based on the weighted-average composite return of separately managed accounts utilizing a similar strategy from inception in July 2010 to April 2013 and linked to the returns of the RP Fixed Income Plus Fund Class A thereafter.

RP Corporate Index Plus strategy returns are based on historical returns of RP Corporate Index Plus Fund, Class A1.

Growth charts are used to illustrate the effects of a compound growth rate and are not intended to reflect future values of any RPIA strategy. The index performance comparisons presented are intended to illustrate the historical performance of the strategy compared with that of a specified market index or blend of indices over the indicated time period. The comparison is for illustrative purposes only and does not imply future performance. There are various differences between an index and an investment strategy that could affect the performance and risk characteristics of each. Market indices are not directly investable and index performance does not account for fees, expense and taxes that might be applicable to an investment strategy. Return Objective represents RPIA’s annualized investment return objective for a stated strategy, does not imply actual future performance and may be revised at the discretion of RPIA and without prior notice.

RPIA Investment Funds

RPIA, in its capacity as a registered Investment Fund Manager, manages private pooled funds and publicly offered mutual funds. As applicable, units of these funds are distributed through registered investment dealers and mutual fund dealers. Units of applicable funds are also distributed by RPIA pursuant to its registration as an Exempt Market Dealer and subject to relevant prospectus exemptions contained in NI 45-106. Liquidity refers to the purchase and redemption frequency of units of applicable investment funds offered in Canada.

1. Private Pooled Funds

RPIA manages the following private pooled funds in Canada which are available to eligible investors only and subject to applicable prospectus requirements in NI 45-106:

  • RP Debt Opportunities Fund Trust
  • RP Select Opportunities Fund
  • RP Fixed Income Plus Fund
  • RP Corporate Index Plus Fund

RPIA private pooled funds have objectives, strategies, risks and constraints that could differ significantly from the public mutual funds managed by RPIA. Private pooled funds also operate under different a regulatory framework to publicly offered mutual funds. Information and data presented for private pooled funds must not be viewed as being representative of the characteristics, risk and performance of any mutual fund managed by RPIA.

Private Fund Performance

  • RP Debt Opportunities Fund Trust returns are based on historical returns of RP Debt Opportunities Fund Trust, Class A
  • RP Select Opportunities Fund returns are based on historical returns of RP Select Opportunities Fund, Class A
  • RP Fixed Income Plus Fund returns are based on historical returns of RP Fixed Income Plus Fund, Class A
  • RP Corporate Index Plus Fund are based on historical returns of RP Corporate Index Plus Fund

Performance is not guaranteed, and past performance may not be repeated. Unless indicated otherwise, all returns are presented as of the last calendar day of the stated month, in Canadian dollars and net of fees and expenses. Unless specified otherwise, returns presented for periods greater than one year are annualized while returns for time periods of one year or less are cumulative figures and are not annualized. Compound growth charts, where applicable, are used to illustrate the effects of a compound growth rate and is not intended to reflect future values of any RPIA private pooled fund. Index performance comparisons presented are intended to illustrate the historical performance of the fund, compared with that of a specified market index or blend of indices over the indicated time period. The comparison is for illustrative purposes only and does not imply future performance. There are various differences between an index and the indicated investment fund that could affect the performance and risk characteristics of each. Market indices are not directly investable and index performance does not account for fees, expense and taxes that might be applicable to an investment fund. Return Objective represents RPIA’s annualized investment return objective for a stated strategy or fund, does not imply actual future performance and may be revised at the discretion of RPIA and without prior notice.

2. Mutual Funds

RPIA manages the following publicly offered mutual funds to investors pursuant to a simplified prospectus filed in all Canadian jurisdictions:

  • RP Strategic Income Plus Fund
  • RP Alternative Global Bond Fund

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. RPIA mutual funds are subject to applicable securities laws and regulations, including NI 81-102. RP Alternative Global Bond Fund meets the regulatory definition of an Alternative Mutual Fund and may also be referred to a “liquid alternative” or “liquid alt” fund.

Mutual Fund Performance

Indicated rates of return include changes in share or unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Returns for time periods of more than one year are historical annual compounded total returns while returns for time periods of one year or less are cumulative figures and are not annualized. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Performance presented for RP Strategic Income Plus Fund/RP Alternative Global Bond Fund is for Class F of the fund. Class F units does not include embedded sales commissions, which results in higher performance relative to Class A units of the fund. Performance data for is calculated and presented in accordance with NI 81-102.

Compound growth charts, where applicable, are used to illustrate the effects of a compound growth rate and is not intended to reflect future values of any RPIA mutual fund. Index performance comparisons presented are intended to illustrate the historical performance of the fund, compared with that of a specified market index or blend of indices over the indicated time period. The comparison is for illustrative purposes only and does not imply future performance. There are various differences between an index and the indicated fund that could affect the performance and risk characteristics of each. Market indices are not directly investable and index performance does not account for fees, expense and taxes that might be applicable to an investment fund. Return Objective represents RPIA’s annualized investment return objective for a stated fund does not imply actual future performance and may be revised at the discretion of RPIA and without prior notice.

B. Dealer Use Materials

Information presented for use by dealers only is intended solely for registered investment dealers and mutual fund dealers. This information is considered confidential and may only be accessed by representatives of such dealer firms. This website implements access controls as a means to validate that the information is only accessed by appropriate dealer representatives.

C. Non-Canadian Investors

The information contained herein does not constitute an offer or solicitation to anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should contact their financial advisor to determine whether securities of the RPIA funds or strategies referred to in this website may be lawfully in their jurisdiction.

D. Third-Party Sites

Websites accessed by hyperlink appearing from the Website are for convenience only and are to be used at your own risk. No endorsement of any third-party products, services or information is expressed or implied by any information, material or content referred to or included on, or linked from or to this Website. We do not review or control, and are not responsible for, any websites linked from or linking to the Website, the content of those websites, the privacy practices or security standards of those websites, the third parties named therein, or their products or services.

E. Trademarks and Copyrights

Certain names, words, titles, phrases, logos, icons, graphics or designs in the pages of the Website may constitute trade names, registered or unregistered trademarks or service marks (“trademarks”) of RPIA or other third parties.

All information in the Website is protected under the copyright laws of Canada and/or other countries. Users of the Website shall be entitled to a single copy of any information for their own personal use but may not republish or reproduce any such information in any manner, including electronic reproduction by “uploading” or “downloading” or “mirroring”, without the prior written consent of RPIA. Except as provided above, no one has permission to copy, display, distribute, download, license, modify, publish, repost, reproduce, reuse, sell, republish, use to create derivative work or otherwise use for public or commercial purposes in any form, any information found on the Website. Any unauthorized downloading, re-transmission, or other copying or modification of trademarks or other contents of the Website may be a violation of statutory or common law rights which could subject the violator to legal action.

Trademarks that are not the property of RPIA remain the property of each respective owners and are used for illustrative purposes only.

F. Use of this Website

The following Website terms of use (the “Terms”) govern the relationship between you and RPIA and its affiliates and related entities (“we”, “our” or “us”) and governs your use of our website and its content (collectively, the “Website”).

By accessing the Website, you acknowledge these Terms and agree to be bound by them. If you do not agree to these Terms, you are not permitted to access the Website and must not access the Website. We reserve the right, in our sole discretion, to modify, alter or otherwise update these Terms at any time and you agree to review the Terms regularly, and your continued access or use of the Website will mean that you agree to any changes.

We may terminate, change, suspend or discontinue any aspect of the Website, including the availability of any feature, at any time. We may also impose limits on certain features or restrict your access to parts or all of the Website without notice or liability. We may terminate the authorization, rights and license given in these Terms and, upon such termination, you shall immediately destroy all information and materials obtained by you from the Website.

We are not responsible in any manner for any damages, losses or expenses (including direct, indirect, special, consequential, incidental or punitive damages), however caused, arising directly or indirectly out of your use of the Website and/or any web browser or your inability to use the Website, or any error, omission, interruption, defect, delay, computer virus, malware or any other form or cyberattack, system failure, loss of data or otherwise, including any damages you may suffer if you transmit confidential or sensitive information to us or if we communicate such information to you at your request over the Internet, even if we or our representatives are advised of the possibility of such damages, losses or expenses. To the extent permitted by applicable law, you agree to indemnify us against any and all liability resulting from any claims arising in relation to your use of the Website.

The Website is provided on an “as is” basis and we do not make any express or implied representations, warranties, endorsements or conditions with respect to the Website or any of its contents, including without limitation, any warranties or conditions as to merchantability, operation, non-infringement, usefulness, completeness, accuracy, currency, reliability and fitness for a particular purpose. Further, we do not represent or warrant that the Website will be available and meet your requirements, that access will be uninterrupted, that there will be no delays, difficulties in use, defects, incompatibility, failures, errors, omissions or loss of transmitted information, that no viruses or other contaminating or destructive properties will be transmitted or that no damage will occur to your computer system. Any implied warranties, statutory or otherwise, on any such matters are hereby expressly excluded to the full extent permitted by applicable law. In accessing the Website you have sole responsibility for taking protection and backup of data and/or equipment and for taking reasonable and appropriate precautions to scan for computer viruses or other destructive properties.

The Website is administered by RPIA from its offices in Canada. Except where prohibited by the laws of your jurisdiction, the Website will be governed by and construed in accordance with the laws of the Province of Ontario and the federal laws of Canada applicable therein, without regard to the principles of conflicts of law, and notwithstanding your domicile, residence or physical location. All disputes, controversies or claims arising out of or in connection with the Website or the Terms shall be submitted to and be subject to the exclusive jurisdiction of the courts of the Province of Ontario. You submit and attorn to the exclusive jurisdiction of the courts of the Province of Ontario to finally adjudicate or determine any suit, action or proceeding arising out of or in connection with the Website or the Terms.

If any provision of these Terms is found by a court of competent jurisdiction to be invalid, the parties agree that the court should endeavor to give effect to the parties’ intentions as reflected in the provision, and the other provisions of the Terms remain in full force and effect.

Any failure by us to exercise or enforce any right or provision of the Terms shall not constitute a waiver of such right or provision. These Terms are not transferable by you in any way and may not be assigned to any third party without our prior written consent. No provision of these Terms provides any person or entity not a party to these Terms with any remedy, claim, liability, reimbursement, or cause of action or creates any other third-party beneficiary rights.