Portland Global Sustainable Evergreen LP

How The Fund is Managed

The Fund initially intends to invest in:

• The Portland Global Energy Efficiency and Renewable Energy Fund LP (“PGEEREF”), which invests in the B units of the Global Energy Efficiency and Renewable Energy Fund (“GEEREF”), advised by the European Investment Fund (“EIF”) and sub-advised by the European Investment Bank (“EIB”).
• Bonnefield Canadian Farmland LP V, advised by Bonnefield Financial Inc. (“Bonnefield”).
• Complementary public securities, preferred shares and debt securities and investment funds, exchange traded funds and mutual funds which may or may not be managed by the Manager.

The Fund may borrow up to 20% of the total assets after giving effect to the borrowing.

Investment Objective

The investment objective of the Fund is to preserve capital and provide above average long-term returns.

The strategy intends to be focused on investments initially in the following:

• Private equities believed to be in sustainable systems including farmland.
• Private equities in renewable energy and energy efficiency.
• Other equity or debt securities, a portion of which may have provisions resulting in equity ownership of the issuer of the debt or the underlying asset if certain events occur.

Key Reasons To Invest

Doing Well, by Doing Good - this element forms part of the investment decisions that the Manager makes and will make in the Fund.

Selecting Specialty Investment Managers with track records and a focus on:

• Attractive risk adjusted returns and sustainable processes, in particular.
• Targeting ~10% returns per annum.
• Sustainable Development Goals recognized by domestic and international groups like the United Nations.

Sustainable investing comprises investment strategies that integrate environmental, social, and governance (“ESG”) practices into investment decisions when assessing risk and opportunities within a portfolio. Sustainable investing can help combat global challenges such as climate change, unfair business practices and social inequality by investing in businesses that promote ethical and responsible corporate practices.

The Offering

Units are being offered on a continuous basis to investors resident in the provinces and territories of Canada who (a) are accredited investors, (b) are not individuals, are not residents of Alberta and that invest a minimum of $150,000 in the Fund, and (c) to whom Units may otherwise be sold.

The Manager has designated three series of Units which are currently being offered:

• Series A Units are available to all investors who invest a minimum of $10,000 and who meet the minimum investment criteria.
• Series F Units will generally only be issued to investors who invest a minimum of $10,000, who purchase their Units through a fee-based account with their registered dealer and who meet the minimum investment criteria.
• Series O Units will be issued to certain institutional or other investors and who meet the minimum investment criteria.

Please see the Offering Memorandum for fees and specific details on the offering.

Potential Risks

• While the Manager, EIF and EIB and Bonnefield exercise due diligence throughout the investing process, no guarantees can be given to offset a risk of loss and investors should consult with their Financial Advisor prior to investing in the Fund. The Manager believes that given the character of the private investments that are making up the majority of the Fund’s holdings, the Fund has less exposure to the market risk than a similar fund invested in publicly listed securities. The Manager believes the following risks are key to the Fund’s performance: failure to meet commitments, risks related to the private portfolio investments, agriculture industry risk, equity risk, general economic and market conditions, liquidity risk and marketability and transferability of units risk. Please read the “Risk Factors” section in the Offering Memorandum for a more detailed description of all the relevant risks.