Yorkville Asset Management

NEWS RELEASE

Toronto, ON, November 13, 2012

“These homes are the inaugural acquisitions for Southbridge Health Care LP and mark the launch of the Southbridge Healthcare Fund in the long-term care sector. It is a very exciting milestone for us” indicated Michael Petersen, the President of Southbridge Health Care GP Inc. and Southbridge Capital Inc. and a representative of the Southbridge Health Care Fund.

Southbridge Health Care LP is set to acquire four more long-term care homes later this month. The four homes will have 199 residents in total.  A seventh acquisition is already under contract and expected to close in February of 2013, pending Ministry of Health and Long-Term Care license transfer approval, which will add an additional 96 residents to the Southbridge Health Care LP community. An eighth acquisition is presently under negotiation and is expected to close in July 2013 which will bring an additional 104 residents into the Southbridge Health Care community.    

Southbridge Health Care LP is a Canadian owned and operated partnership whose mission is to acquire long-term care homes in Ontario and, where appropriate, re-develop them under the Country Village Homes™ brand.  Southbridge Health Care LP is guided by the belief that long-term care residents should remain connected to their communities while receiving individualized quality care in a residence that they can truly call their home.

To ensure that the level of care provided in all of Southbridge Health Care LP’s long-term care homes is of the highest standard, it has chosen Extendicare (Canada) Inc. – a recognized leader in quality and clinically-based services – to manage all aspects of the homes both before and after their re-development.

“Now that the required approvals from the Ministry of Health and Long-Term Care to transfer the licenses for the homes are beginning to be received and the acquisition process has begun, we can now turn our attention to assessing the acquired homes for re-development and, with Ministry approval, re-develop them to new standards under the Country Village Homes™ brand” says Keith McIntosh, President of the Healthcare Division of Southbridge Group LP.

“The development and launch of the Southbridge Health Care Fund has been key to ensuring the success of Southbridge Health Care LP’s strategy to acquire and re-develop long-term care homes” says Michael Petersen.  “Southbridge Health Care Fund, together with Southbridge Capital Inc., brings together like minded investors who wish to gain access to investing in the long-term care sector in Ontario, a sector that has historically been a difficult one to gain access to due to the heavily regulated nature of the industry.”

For more information, please contact: Richard Franzke, Director of Marketing and Communications, Southbridge Group LP at 519-621-8886.

About Southbridge Health Care Fund

Southbridge Health Care Fund is an open ended mutual fund trust that seeks to acquire and re-develop long-term care homes in the Province of Ontario.  For more information about the Southbridge Health Care Fund or to purchase units, please contact

Yorkville Asset Management Inc.
55 University Ave., Suite 704,
Toronto, Ontario, M5J 2H7
Tel: 647.776.7481
Fax: 647-776-7490
rdesando@yorkvilleasset.com

About Country Village Homes™

Country Village Homes™ is a trademark of Southbridge Group LP and is used under license for the long-term care homes being acquired, managed and redeveloped by Southbridge Health Care LP and its wholly owned subsidiaries.

About Southbridge Capital Inc.

Southbridge Capital Inc. is a Canadian owned asset manager focused on the development of investment opportunities in the Long-Term Care sector. It is the founder and promoter of the Southbridge Health Care Fund. For more information about Southbridge Capital Inc. visit www.southbridgecapitalinc.com

About Southbridge Group LP

Southbridge Group LP is responsible for researching and acquiring long-term care homes for Southbridge Health Care LP and for re-developing long-term care homes for it under the Country Village Homes™ brand. For more information about Southbridge Group LP visit www.southbridgecapitalinc.com

About Extendicare (Canada) Inc.

Extendicare (Canada) Inc. is a Canadian company that operates 86 long-term care and continuing care centres across Canada.  The Extendicare Assist Division manages 26 homes on behalf of 16 partners. For more information visit www.extendicareassist.ca.

We are pleased to announce the official launch of the Southbridge Health Care Fund, an open-ended mutual fund trust that is focused on acquiring and redeveloping long-term care homes in Ontario. The launch of this Fund has been a two year project between Yorkville Asset Management Inc. and Southbridge Capital Inc. and we are very excited to have it officially available for investors.   

There has been significant interest in this newly launched fund which is of interest to investors because it provides an opportunity for stable returns. This fund focuses on acquiring older homes and redeveloping them into new, modern, Class A facilities, and so really improving the quality of care for our elderly as well. It brings together like minded investors who wish to gain access to investing in the long-term care sector in Ontario, a sector that has historically been a difficult one to gain access to due to the heavily regulated nature of the industry.

The launch of the Fund is making an impact on local communities in Southern Ontario and is detailed in a recent news article in The Record. To read this article click here. 

For further information on this fund and how to purchase, please contact Jillian Wade at 647-776-2007 or jwade@yorkvilleasset.com or visit www.southbridgefunds.com. 

On Tuesday, September 11th, Yorkville Asset Management Inc. (Yorkville) officially celebrated the first anniversary of its mutual fund family with a golf tournament at Copper Creek Golf and Country Club in Kleinburg Ontario.  Together with over 80 advisors, from both IIROC and MFDA firms, Yorkville's managers were on hand to share the story of an excellent year of achievements in their funds.  The days events also help to raise $3,400 for The Toronto Rehab Foundation and $500 in support of our special surprise guest - Miss Canada and for her Teddy Bears of Hope initiative.

Yorkville would like to acknowledge the support of many suppliers who were keen to join the fun and meet directly with our clients.  We'd like to thank:  Southbridge Health Care Fund, Scotiabank, National Bank of Canada, Canadian Western Trust, RBC Investor Services, Garfinkle -Biderman LLP, B2B Bank and Borden Ladner Gervais LLP

It was a brilliant and fun day for all as we together celebrated a strong year in Yorkville's mutual funds.

Yorkville Asset Management is pleased to announce the one-year anniversary of its mutual fund family – The Heritage Yorkville Mutual Fund Corporation.  In addition to having reached our first anniversary of the fund group, the flagship Yorkville Enhanced Protection Class – O Series, produced a 1-year return of 9.52%.  By way of comparison, the average performance of its global equity mutual fund peer group, over the same period as measured by Bloomberg, is 3.63% (Average performance of Canadian domiciled global equity mutual funds).  The performance of this fund is testament to the skilled guidance of our portfolio management team and the tactics they use to generate relative outperformance while significantly reducing overall volatility.  With a keen eye to reducing portfolio risk and generating opportunities looking forward, on February 1, 2013, Yorkville’s widely distributed A-Series shares of the same Yorkville Enhanced Protection Class will celebrate its own 1-year anniversary where its own specific performance number can be officially reported.

We expect big things for 2012/13 and with the help of our investors, managers and distribution partners, Yorkville Asset Management’s mutual funds are off to a fantastic start!