FINANCIAL INTERMEDIATION Deposit and Mortgage Operations

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Community Economic Development Investment Funds
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Concentra Financial is

• Formerly known as Co-operative Trust
• A Credit Union Company
• Staffed by over 400 experts
• Committed to providing solutions

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Fast Facts

• Client Focus credit unions, other
  co-operatives and strategic partners,
  corporations and businesses
• Market Focus Canada
• Assets Under Administration 15 Billion
• Corporate Assets - 2.7 Billion
• Service Locations all across Canada

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A Successful Foundation
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Concentra Trust a wholly owned subsidiary of
Concentra Financial
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Concentra Trust is

• A new trust company
• A wholly-owned subsidiary
• A provider of specialized trustee services to
  Concentra, credit unions and other businesses

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Corporate Trust Services
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Corporate Trust Services

• Corporate Trust services can support and enhance
  your ability to
• raise capital
• safeguard funds while negotiating business
  transactions

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Community Economic Development Investment Fund
Solutions
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CEDIF Solutions

• CEDIFs choose to raise capital via Share
  Offering. Concentra Trust can assist with the
  following
• Escrow Services used during the sales period.
  Concentra will safeguard funds on behalf of the
  investor until the share offering is completed or
  withdrawn, or until the investor reverses his
  decision.
• Self-Directed RSP Services allows access to a
  larger market of investment monies using
  investors registered funds in addition to
  non-registered funds.

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Escrow Services
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Escrows

• Concentra Trust is retained by an organization to
  hold funds until certain events occur eg) minimum
  dollar amount is raised
• Concentra Trust provides your organization the
  following benefits
• organization is better able to monitor the
  progress of the offering
• we are an unbiased third party. We are flexible,
  we want to work with you to make your project
  successful.
• Concentra Trust provides the investor with
  assurance that
• the organization will not have access to the
  funds until it has complied with all contractual
  requirements
• assurance that the funds will be distributed in
  accordance with the terms of the escrow

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Escrows

• Funds used by an investor to pay for shares will
  be held in Escrow, in an account to be trusteed
  by Concentra Trust, until the share offering is
  completed, withdrawn, or until the investor
  exercises his right to reverse the decision to
  purchase the shares.
• If the share offering is completed (the minimum
  amount of funds are raised, etc), the proceeds
  will be released from Escrow and used to pay for
  the shares for which the investor subscribed. If
  the offering is withdrawn, or if the subscriber
  reverses the decision to buy, the proceeds will
  be refunded in full to those who subscribed.
• Concentra Trust offers a standard trust
  agreement for your convenience.

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Escrow - Requirements

• Concentra will require, for review the following
  documentation.
• Offering Document submitted to NSSC
• Letter of non-objection from NSSC
• Certificate of Registration from the Nova Scotia
  Equity Tax Credit Act.
• Once the Offering Document is approved by the
  NSSC a Trust Agreement can be prepared and
  executed.

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Escrow Services Fees

• Set-up Fee 250
• Trustee Fee 500
• Escrow Extension Fee 125
• Additional Services 100 per hour

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Self-Directed RRSP Services
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Self-Directed RRSP Requirements

• Concentra will require, for review the following
  documentation.
• Offering Document submitted to NSSC
• Letter of non-objection from NSSC
• Certificate of Registration from the Nova Scotia
  Equity Tax Credit Act.
• Confirmation that
• the fund is RRSP eligible
• CEDIF eligibility

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Self-Directed RRSP Requirements

• Name, address, and full contact information of
  the funds lead administration officer and lead
  sales agent.
• Contact information for the transfer agent who
  will be responsible to issue the share
  certificates.
• Contact information of the escrow trustee for the
  offering.

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Self-Directed RRSP Requirements

• This RRSP support offering is under a group plan
  concept. The CEDIF fund sponsors agree to provide
  certain administrative support in the delivery of
  the RSP contracts.
• To qualify for the group offering, the fund must
  deliver at least 15 RSP Contracts to the Trustee.
  
• The fund will accept all annual fee billings for
  each plan participant in the group and remit the
  total sum of these fees to Concentra on or before
  the due date.

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Self-Directed RRSP - Administration

• The CEDIF fund sponsors agree to provide certain
  administrative support in the delivery of the RSP
  contracts
• Contribution cheques forwarded to Concentra
  together with an Application Package for
  processing purchases. The date funds are received
  by your organization will be the date receipts
  will be issued for tax purposes.
• The acquisition fee, as outlined in the fee
  schedule, must be paid before a purchase will be
  processed. If funds are insufficient to cover the
  acquisition fee, the investment will be reduced
  accordingly.

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Self-Directed RRSP - Administration

• Contributions in-kind are permitted. Concentra
  must receive the share certificate and
  acquisition fee prior to processing a
  contribution in-kind.
• Concentra must initiate all transfers-in of RRSP
  funds held at other institutions. Note transfers
  in of funds can take 30 days or more.
• Purchases are not permitted with funds locked-in
  under pension legislation.
• Share certificates are not to be issued by your
  transfer agent until such time as the transfer of
  funds has been finalized and a cheque has been
  forwarded to your organization/escrow agent for
  purchase.

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Self-Directed RRSP - Administration

• All units held within a Concentra RRSP must be
  registered as follows
• Concentra Trust in trust for purchasers name
  RSP
• Broker Authorization Must be signed by the
  annuitant in favor of your organization if
  Concentra is to release investment information
  (including cash balances) to your organization.

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Self-Directed RRSP - Administration

• CEDIF shares are not a liquid investment
• Shares are not permitted in RRIF or for investors
  that will need to convert to a RRIF prior to the
  shares being redeemable.
• The plan will not accept any RSP contracts for
  subscribers exceeding the age of 64, this will
  allow for redemption at age 69.

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Self-Directed RRSP Services Fees

• Year one Servicing and Support fee in the amount
  of 1000 is due upon acceptance. For subsequent
  offerings and ongoing administration will be
  billed at the rate of 100 per hour
• Annual Administration Fee per RRSP Plan 75, plus
  GST
• Transaction fee for each acquisition of
  securities 50, plus GST

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Reminders
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Reminders

• Sales cannot commence until the Offering Document
  is approved by NSSC and a signed agreement is in
  place with the escrow trustee
• Ensure the investor is aware
• the investment is not liquid
• there is an annual fee
• an acquisition fee is payable each time shares
  are purchased
• Remit paperwork to Concentra at least weekly

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The Referral Process

• Darrell Evasuk, Manager,
• Relationship Management Sales Atlantic
• [phone]
• 1-800-565-1725
• Darrell.Evasuk_at_concentrafinancial.ca
• Patti Kehrer, Officer, Business Solutions
• 1-800-788-6311 Ext 1834
• Patti.Kehrer_at_concentrafinancial.ca
• www.concentrafinancial.ca

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Thank you ?

• We appreciate your business
• Questions?