Conversion to Open-End Mutual Fund:

Effective November 19, 2019, Low Volatility U.S. Equity Income Fund (LVU.UN) merged into open end fund Mulvihill Premium Yield Fund (MCM 103). Holders of LVU.UN received 0.50217 Class F units of MCM 103 for each unit of LVU.UN previously held. This was a taxable event.