To generate a high level of income and long-term capital growth by investing primarily in income producing securities including common shares, preferred shares, income trusts and fixed income securities.

Management Report of Fund Performance

Fund Profile

Minimum Initial Investment:
Lump Sum
Initial: $500
Subsequent: $100

Distribution of Earnings:
The Fund aims to distribute a consistent amount every month ($0.033 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.

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%

Annualized Management Expense Ratio (including applicable taxes) as at August 31, 2013: 2.41%^†

	CIBC Asset Management Inc.
CIBC Asset Management Inc. is one of Canada's largest asset management firms and provides a broad range of high-quality global investment management solutions to retail and institutional clients.

Stephen Carlin, CIBC Asset Management Inc.
Mr. Carlin joined CIBC Asset Management in May 2013. Mr. Carlin is a member of the Canadian Equity team with responsibility for Canadian core and income mandates. Prior to joining CIBC Asset Management, Mr. Carlin was Senior Vice-President and Head of Equities at Aegon Capital Management. At Aegon, he managed Canadian balanced, income and dividend strategies and led a team of portfolio managers, analysts and traders. Previous to his role at Aegon, he held the position of Vice-President, Canadian Equities at KBSH Capital Management and Director, Canadian Equities at CT Investment Management Group. Mr. Carlin holds a Bachelor of Arts from the University of Western Ontario. He is also a CFA charterholder.

Domenic Monteferrante, CIBC Asset Management Inc.
Domenic Monteferrante joined CIBC Asset Management Inc. in February 1998. Mr. Monteferrante is a member of the Global Equity group operating from within the firm's Investment Management Platform, and is responsible for the Canadian equity product. He holds a Masters in Business Administration and Bachelor of Arts from Concordia University (Montreal.) Mr. Monteferrante is a CFA charterholder.

As at: 03/31/2014

*2002 return is for the period from November 8, 2002 to December 31, 2002.

Historical Pricing and Distributions