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Important Investor Information
Legg Mason Canada Inc. (“Legg Mason”) is an indirect, wholly-owned, subsidiary of Legg Mason, Inc., a global asset management firm headquartered in Baltimore and listed on the New York Stock Exchange (symbol: LM).
LEGG MASON CANADA POOLED FUNDS
Legg Mason Canada Pooled Funds (the “Funds”) are managed by Legg Mason Canada Inc. The offering of the Funds is not, and under no circumstances is to be construed as, a public offering of such securities. The Funds are offered to Canadian resident investors pursuant to certain securities laws exemptions available to investors in their particular province or territory of residence. The Funds are offered only in those jurisdictions where they may be lawfully offered for sale. The information provided on this website does not constitute an offer or solicitation to anyone for whom an exemption from applicable securities laws is not available. This communication does not constitute an offer or solicitation to anyone in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. No securities commission or similar regulatory authority in Canada has in any way passed upon the merits of the securities offered nor has it reviewed the Confidential Offering Memorandum of the Funds and any representation to the contrary is an offence.
The performance of the Funds is not guaranteed, their value may change frequently and past performance may not be repeated. Pooled fund investments are not insured by the Canada Deposit Insurance Corporation or by any other government insurer and are not guaranteed by Legg Mason.
The Funds (other than the Legg Mason Western Asset Canadian Money Market Fund) may charge a fee of 2% of the amount redeemed if the investor invests in a Fund for less than 90 days. The fee will be deducted from the redemption proceeds. This fee is designed to deter excessive trading and to protect Unitholders from other investors moving quickly in and out of the Funds. Frequent trading can hurt a Fund's performance by forcing the portfolio manager to keep more cash in the Fund than would otherwise be needed or to sell investments at an inappropriate time. It may also increase the Fund's transaction costs. Short-term trading fees are paid to the affected Fund. Legg Mason has the discretion to impose or waive the fee in other appropriate circumstances. These fees do not apply (i) to units received from reinvested distributions; (ii) to units sold as a result of the death of the Unitholder; (iii) upon exercising a statutory right of withdrawal or rescission; or (iv) to redemptions initiated by Legg Mason or by another fund.
An eligible investor should obtain and refer to the Confidential Offering Memorandum of the Funds before investing. There are tax consequences and risks associated with investing in the Funds and prospective investors are urged to seek advice on these consequences before investing.
LEGG MASON WESTERN ASSET CANADIAN MONEY MARKET FUND (“MONEY MARKET FUND”)
Although the Money Market Fund currently seeks to maintain a constant net asset value per unit, there is no assurance that the Money Market Fund will be able to maintain its net asset value per unit at a constant amount or that the full amount of your investment in the Money Market Fund will be returned to you. The Money Market Fund is not guaranteed, its value may change and past performance may not be repeated. Units of the Money Market Fund are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer and are not guaranteed by Legg Mason.
QUEBEC RESIDENTS
This information is not intended to be construed as an offer to sell or a solicitation to buy any securities in Quebec. Quebec law currently restricts the advertisement or promotion of certain pooled funds in Quebec. Please contact Legg Mason for more information.
U.S. RESIDENTS
This information is not intended to be construed as an offer to sell or a solicitation to buy any securities in the United States of America or the territories or possessions thereof.
NON-CANADIAN INVESTORS
The investment services of Legg Mason and the Funds are available only to Canadian residents. This communication does not constitute an offer or solicitation to anyone in any other jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should consult their advisor to determine if the Funds may be lawfully sold in their jurisdiction.
LEGG MASON’S AFFILIATES
Legg Mason’s non-Canadian affiliates offer products and services designed specifically for investors in other jurisdictions. Access to this material by Canadian residents through links from this website is for informational purposes only and should not be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security under Canadian law.
Legg Mason’s affiliated companies referred to in this website may not be registered in and may not be permitted to provide advice in all or any Canadian jurisdictions. Except as specifically permitted and subject to applicable restrictions and regulations, the products or services of Legg Mason’s affiliates are not offered outside their intended countries or regions. Legg Mason provides access to the investment services of its non-Canadian affiliates through the Funds and other products and services that are intended for Canadian residents only.
UNCLAIMED PROPERTY
Two provinces have now enacted legislation that governs how securities in accounts which are unclaimed over a period of time are dealt with. For residents of British Columbia, Legg Mason posts any unclaimed property on the British Columbia Unclaimed Property Society’s website at http://www.bcunclaimedproperty.bc.ca. For residents of Quebec and British Columbia, if you believe you have unclaimed property you may contact Legg Mason’s Chief Compliance Officer toll free at 1-800-565-6781.
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