The new Disnat Direct
for active investors

Offering Price: $9.90 per Preferred Shares
$10.40 per Class A Share

Minimum Purchase: 100 Preferred Shares and 100 Class A Shares.

Investment Objectives and Strategy: To provide holders of the Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share.
-To provide holders of Class A Shares with regular monthly cash dividends targeted to be $0.1257 per Class A Share

The assets of the Company are invested in an actively managed portfolio of common shares which primarily includes securities of the following publicly traded Canadian and U.S.companies: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial Services of Canada Inc., Great-West Lifeco Inc., CI Financial Corp., Bank of America Corp.,Citigroup Inc., Goldman Sachs Group Inc.,JP Morgan Chase & Co.,Wells Fargo & Co.

RRSP Eligibility: Yes

Listing: The Preferred Shares and Class A Shares are listed on the Toronto Stock Exchange under the symbol FTN.PR.A and FTN.

Offering Price: $10.20 per common share.

Minimum Purchase: 300 common shares.

RRSP & TFSA Eligibility: Yes

Listing: The common shares are listed on the TSX under the symbol ERM.

Settlement Date: On September 21, 2017