Distributions Per Unit

Please note: There were no distributions in 2020 for all series of Chou Associates Fund (CHO100), Chou RRSP Fund (CHO102), Chou Asia Fund (CHO300), and Chou Europe Fund (CHO200). Therefore, no T3 tax slips were issued for these holdings.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their value change frequently and past performance may not be repeated. The indicated rates of return in this communication are historical annual compound total returns including changes in unit value and the reinvestment of all distributions and do not take into account sales, redemption, distribution, optional charges or income taxes payable by any security holder that would have reduced returns.