PRIVACY POLICY

Dear Client,

Security Financial Private Investment Counsel will always take the issue of safeguarding your privacy very seriously and is committed to protecting your personal information. We manage our daily business operation with this same integrity, while providing you with a high level of personalized service.

January 1 2004, privacy legislation established practices for the appropriate collection, disclosure of personal information and retention of the information you provide to us directly.

We approve of this legislation, wholeheartedly, and wish to give you comfort and make certain that you clearly understand how we manage your personal information. Please take a few moments to read the enclosed copy of our Privacy Policy.

If you have any questions regarding our Privacy Policy, please contact our office at 416-964-0440 and ask for the Manager, Compliance & Operations.

We appreciate the confidence that you have placed in our Companies, our portfolio managers and our staff, who are dedicated to providing you with the assurance that we protect and respect your personal privacy and appreciate your financial relationships with us.

Sincerely,

SECURITY FINANCIAL PRIVATE INVESTMENT COUNSEL

Management