Credit Valley Hospital Foundation’s Laugh Out Loud Comedy Gala
On the evening of February 9th 2013, nearly 1000 generous attendees united for Credit Valley Hospital Foundation’s Laugh Out Loud event, a night of comedy in support of the foundation’s plan to establish a regional surgical robotics program at Trillium Health Partners – Credit Valley Hospital. Yorkville Asset Management was amongst the core sponsors of this unique evening that featured some of Canada’s most entertaining comedic talent.
With household Canadian name Howie Mandel headlining and CBC television star Gerry Dee as the opening act, audience members were offered a unique opportunity to experience unparalleled wit and laughter while simultaneously supporting vital expansion at Credit Valley.
In its entirety, the event was a tremendous success; Credit Valley raised $1.8 million toward greatly enhancing cancer care in the Halton/Peel region as well as the broader community. To find out more about the other advancements in medical research being sought by Credit Valley Hospital Foundation or to find out how to donate, please visit http://www.cvhfoundation.ca/.
Southbridge Completes Acquisition of Two Long-Term Care Homes
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.
Official Launch of the Southbridge Health Care Fund
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.
Yorkville's Second Annual Golf Tournament
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.
One-Year Anniversary of Heritage Yorkville Mutual Fund
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!
First Edition of Yorkville's Structured Solutions Newsletter
On September 14, 2012, Yorkville published an inaugural Structured Solutions Newsletter - This newsletter is the first in a series designed to advance a greater working knowledge and understanding of the benefits and advantages of structured solutions.
This newsletter has five sections:
1) About Yorkville
2) What are structured solutions
3) Yorkville’s approach to structured solutions
4) How structured solutions are used by Yorkville’s private and institutional clients
5) Case Study – a comprehensive look at portfolio construction and structuring considerations.
As the newsletters series continues, we will provide more in depth information on structured solutions which we hope will advance the understanding and appreciation for an asset class which is often misused, misunderstood or overlooked.
Yorkville is recognized as the Canadian market leader in the provision of advice, design and discretionary management services for structured solutions.
For more information or to request a copy of this newsletter, please contact Paul Hansen (Managing Director, Structuring & Sales) at phansen@yorkvilleasset.com.
Yorkville Sponsors University of Ottawa Heart Institute's 'Heart and Sole' Event!
On Wednesday, September 12th, Yorkville sponsored the University of Ottawa Heart Institute's First Annual Heart and Sole: Walk, Talk, Taste & Awe. This event, supporting the establishment of the Canadian Women's Heart Health Centre at the University of Ottawa Heart Institute, integrated a walk along the lovely Marshes Golf Course, education on women's heart health, a delicious sampler feast and a spectacular fireworks extravaganza.
The University of Ottawa Heart Institute Foundation is building a $100 million endowment fund for cardiovascular research—one of the largest of its kind—for the Institute. The endowment will allow the Heart Institute to remain at the forefront of cardiovascular research and contribute to the advancement of patient care here and around the world.
For more information on The University of Ottawa Heart Institute Foundation and ways to give, please visit http://www.ottawaheart.ca/about_us/our-foundation.htm.
Yorkville Sponsors Drinks on the Links Golf Classic!
On Wednesday, July 4th, Yorkville sponsored West Lincoln Memorial Hospital Foundation's Annual Drinks on the Links Golf Classic. Yorkville's sponsorship included Tournament Sponsor, Drinks on the Links Sponsor, and also having the very enjoyable task of manning a wine and cheese table at Hole 10.
The West Lincoln Memorial Hospital Foundation operates exclusively as a non-profit, charitable foundation, raising funds to support the hospital’s medical programs and health services. Their goal is to enable West Lincoln Memorial Hospital to provide quality healthcare services to the 65,000 residents of west Niagara and to meet west Niagara’s changing health care needs now and in the future.
For more information on this foundation and ways to donate, please visit http://www.wlmhfoundation.ca/index.html.
Southbridge Health Care Fund - Windsor Event
On June 28th, 2012, Yorkville hosted an informational event for prospective investors for the upcoming launch of the Southbridge Health Care Fund.
The event was hosted by Ralph Desando, Managing Director of Yorkville Asset Management and Mike Petersen, CEO of Southbridge Capital. A presentation outlining the Southbridge Health Care Fund, the positive demographics, ongoing government funding coupled with the chronic shortages of supply was delivered. In addition, the presentation outlined the parameters of the investment, including a proposed 8% annual distribution, and a committed investment by the sponsor of $20 million.
For further information, please feel free to contact Ralph Desando at rdesando@yorkvilleasset.com.
Message from Hussein Amad, President & CEO – Yorkville Asset Management Inc.
The markets have had a rocky week, and yesterday was a reflection of what had been anticipated by us for a while - with the S&P 500 selling off 2.23% (1.63 in CAD terms) and the TSX selling off 2.99%. When we wrote to you last we highlighted three major shifts that helped our portfolio shelter this massive volatility.
1.Increased cash going into the summer months. We are roughly at 12 - 15%. Thus cash might be partially deployed on material weakness we expect to see in equity and bond markets.
2.Reduced Canadian equities to the lowest level we can and favoured more defensive dividend paying (and dividend growing) U.S. stock.
3.For clients that permit the use of options for hedging (insurance) we have increased the insurance coverage for the current summer months (May-September).
These three strategies will help us and our clients maintain our strong alpha (outperformance) against our market benchmark and our peers. We are in a much more comfortable position in terms of our stock picks, asset mix, USD allocation and partial hedge than our peers and I wanted to convey this message on behalf of our investment committee to our clients and friends.
More...
Yorkville Sponsors 2012 Pinehurst Breakfast
On Wednesday, May 9th, Yorkville helped sponsor The Pinehurst Club in holding its 5th Annual Breakfast with Silken Laumann as keynote speaker.
Sleeping Children Around the World (SCAW) donations provide bedkits to children of any race and/or religion who will benefit the most; typically being located in underdeveloped and developing countries.
No portion of a bedkit donation is spent on administration — 100% reaches a needy child. Each *$35 donation (Canadian funds) provides a bedkit that consists of a mat or mattress, pillow, sheet, blanket, mosquito net (if applicable), clothes outfit, and school supplies. Bedkit contents vary from country to country depending upon local needs.
For more information on this charity and for information on how to donate, please visit http://www.scaw.org/.
Additional Info
- Telephone 647.776.2007
- Email jwade@yorkvilleasset.com
- Title Associate Portfolio Manager & Trader
2012 Spring Investment Forecast – Observations & Details
On Thursday, March 22, Yorkville Asset Management Inc. (Yorkville) held its Second Annual Spring Investment Forecast in the Rooftop Salon of the Park Hyatt hotel in downtown Toronto.
The night displayed an excellent balance between education and entertainment – Toronto vocalist, Candice Chantrell, brought guests through the opening reception with covers of contemporary and classical music – While Mike Petersen (President & CEO – Southbridge Capital Inc.) introduced the Southbridge Health Care Fund and Hussein Amad (President & CEO – Yorkville Asset Management Inc.) shared his market expertise throughout dinner. The night concluded with Andrew Cairns, Yorkville’s National Director of Sales, hosting the ‘Observations & Details Trivia’ – where guests were quizzed on details from the night and current events. Prizes were handed out to the top seven by the two lovely hostesses of the evening, Danielle Jackson & Chanel Beckenlehner.
We feel the night was a grand success and we are looking forward to hosting next year's Third Annual Spring Investment Forecast.
For questions on any information presented throughout the evening, please contact Shannon Doyle at sdoyle@yorkvilleasset.com or 647-776-8163.
Thank You For Your Support!
On Saturday, February 25th, the Yorkville team laced up their shoes, stretched their legs and walked along Toronto Rehab’s state-of-the-art indoor track for the 9th Annual On Track to Cardiac Recovery Fundraising Walk.
On top of our role as lead sponsor, the Yorkville team raised an additional $7,557.00 towards establishing Canada’s first Chair in Cardiac Rehabilitation Research. The most notable from the Yorkville Team, Paul Hansen, raised an astounding $2,700.00 – placing him in fifth place overall for Top Fundraisers for the event.
Thank you to everyone who helped us meet our team fundraising goal! Your generosity ensures that Toronto Rehab Foundation will continue to help add years to life for Toronto Rehab’s incredible patients and their families.
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