Post on 18-Jan-2021
Demo Long Short Fund LP
Please find enclosed the Net Asset Value reporting package for the above fund as at February-28-2017
Profit Alloc UnevenAllocations
AllocationBase
Confirmed
30 Nov 2016
Gross AssetsBrought Fwd
Net AssetsBrought Fwd
Status:
Previous valuation date:Gross Assets
CADLocal currency:
Profit allocation basis:
ManagementFee
System CalcPerf. Fee
SharesOutstanding
ClosingNet Capital
CapitalMovements
Test Fund - Multi Series
31 Dec 2016
VALUATION DETAIL
NAV% Change
GAV% Change
Profit allocation calculations are in local currency
EQ SharesEQ Amount
Perf. FeeCrystalised
Class A 2,783.94 2,519.57
139,888,194.17 155,671,525.16 0.00154,671,525.16 1,000,000.00 -5,153.58 0.00 773.04 140,883,813.63 55,915.7513 -0.0711% -0.0031%0.00
Total for Company
154,671,525.16 1,000,000.00 0.00 155,671,525.16 -5,153.58 0.00139,888,194.17 0.00 773.04 140,883,813.63 55,915.7513
Page 1 of 110/15/2017 16:10:31 PFS-PAXUS
As of: 2/28/2017
Equity attribution Current NAV % Return
ITDYTD
DateDateDate % Return% Return NAVNAVNAV
Demo Long Short Fund LP
CUMULATIVE NAV
MTD
1/31/2017 12/31/2016 10/31/2013 36.5435%-1.9717%-1.5299%Class A, Series 2013-11 (Initial Series) 1,000.0000001,392.8997001,386.6497001,365.435400
12/31/2015 12/31/2015 1/31/20140.0000%0.0000%Class A, Series 2014-02 1,000.000000
1/31/2016 1/31/2016 1/31/20150.0000%0.0000%Class A, Series 2015-02 1,000.000000
1/31/2016 1/31/2016 2/28/20150.0000%0.0000%Class A, Series 2015-03 1,000.000000
1/31/2017 12/31/2016 5/31/20150.0000%Class A, Series 2015-06 1,000.0000001,050.942100
1/31/2017 12/31/2016 6/30/20150.0000%Class A, Series 2015-07 1,000.0000001,026.955500
1/31/2017 12/31/2016 7/31/20150.0000%Class A, Series 2015-08 1,000.0000001,035.380700
1/31/2017 12/31/2016 1/31/20160.0000%Class A, Series 2016-02 1,000.0000001,071.146600
1/31/2017 12/31/2016 2/29/20160.0000%Class A, Series 2016-03 1,000.0000001,058.510400
1/31/2017 1/31/2017 1/31/2017 -1.5299%-1.5299%-1.5299%Class A, Series 2017-02 1,000.0000001,000.0000001,000.000000984.701000
2/28/2017 2/28/2017 0.0000%0.0000%0.0000%Class A, Series 2017-03 1,000.0000001,000.0000001,000.000000
1/31/2017 12/31/2016 7/31/2012 133.1927%-1.7867%-1.4370%Class F, Series 2012-08 (Initial Series) 1,000.0000002,374.3490002,365.9255002,331.927100
12/31/2015 12/31/2015 1/31/20140.0000%0.0000%Class F, Series 2014-02 1,000.000000
12/31/2015 12/31/2015 2/28/20140.0000%0.0000%Class F, Series 2014-03 1,000.000000
1/31/2016 1/31/2016 1/31/20150.0000%0.0000%Class F, Series 2015-02 1,000.000000
1/31/2016 1/31/2016 2/28/20150.0000%0.0000%Class F, Series 2015-03 1,000.000000
1/31/2017 12/31/2016 6/30/20150.0000%Class F, Series 2015-07 1,000.0000001,046.251000
1/31/2017 12/31/2016 7/31/20150.0000%Class F, Series 2015-08 1,000.0000001,054.990700
1/31/2017 12/31/2016 1/31/20160.0000%Class F, Series 2016-02 1,000.0000001,090.259000
1/31/2017 12/31/2016 2/29/20160.0000%Class F, Series 2016-03 1,000.0000001,074.974600
1/31/2017 1/31/2017 1/31/2017 -1.4370%-1.4370%-1.4370%Class F, Series 2017-02 1,000.0000001,000.0000001,000.000000985.630000
2/28/2017 2/28/2017 0.0000%0.0000%0.0000%Class F, Series 2017-03 1,000.0000001,000.0000001,000.000000
1/31/2017 12/31/2016 5/31/2014 18.6705%-1.9953%-1.5379%Class Trust - A, Series 2014-06 (Initial Series) 1,000.0000001,210.8661001,205.2402001,186.705200
1/31/2016 1/31/2016 5/31/20140.0000%0.0000%Class Trust - A, Series 2015-02 1,000.000000
1/31/2017 12/31/2016 5/31/20140.0000%Class Trust - A, Series 2015-06 1,000.0000001,047.863100
1/31/2017 12/31/2016 5/31/20140.0000%Class Trust - A, Series 2015-07 1,000.0000001,024.295200
1/31/2017 12/31/2016 5/31/20140.0000%Class Trust - A, Series 2015-08 1,000.0000001,032.983800
1/31/2017 12/31/2016 1/31/20160.0000%Class Trust - A, Series 2016-02 1,000.0000001,069.665000
1/31/2017 12/31/2016 2/29/20160.0000%Class Trust - A, Series 2016-03 1,000.0000001,057.182500
1/31/2017 1/31/2017 1/31/2017 -1.5379%-1.5379%-1.5379%Class Trust - A, Series 2017-02 1,000.0000001,000.0000001,000.000000984.621200
2/28/2017 2/28/2017 0.0000%0.0000%0.0000%Class Trust - A, Series 2017-03 1,000.0000001,000.0000001,000.000000
1/31/2017 12/31/2016 5/31/2014 21.7579%-1.8103%-1.4450%Class Trust - F, Series 2014-06 (Initial Series) 1,000.0000001,240.0273001,235.4304001,217.578700
1/31/2016 1/31/2016 5/31/20140.0000%0.0000%Class Trust - F, Series 2015-02 1,000.000000
1/31/2017 12/31/2016 5/31/20140.0000%Class Trust - F, Series 2015-07 1,000.0000001,038.406200
1/31/2017 12/31/2016 5/31/20140.0000%Class Trust - F, Series 2015-08 1,000.0000001,046.444800
1/31/2017 12/31/2016 1/31/20160.0000%Class Trust - F, Series 2016-02 1,000.0000001,078.733000
1/31/2017 12/31/2016 2/29/20160.0000%Class Trust - F, Series 2016-03 1,000.0000001,065.304200
1/31/2017 1/31/2017 1/31/2017 -1.4450%-1.4450%-1.4450%Class Trust - F, Series 2017-02 1,000.0000001,000.0000001,000.000000985.550200
2/28/2017 2/28/2017 0.0000%0.0000%0.0000%Class Trust - F, Series 2017-03 1,000.0000001,000.0000001,000.000000
4/20/2017 12:58:25 Page 1 of 1PFS-PAXUS
DEMO LONG SHORT FUND LP
ConfirmedBALANCE SHEET AS OF FEBRUARY 28, 2017
ASSETS CAD
Bank accounts 9,088,167.46
Cost of investment - bonds 26,482,011.28
Cost of investment - equities 64,149,993.36
Option purchased 268,941.29
App/depr bonds (224,638.95)
App/depr equities 4,124,907.80
App/depr options (117,661.82)
Dividends receivable 84,037.52
Interest receivable - bonds 61,791.84
Interest receivable - cash 1,388.42
Due from broker 4,391,074.92
ASSETS 108,310,013.12
LIABILITIES CAD
Short sale at cost - equities 25,256,502.76
Short sale at cost - exchange traded funds 1,452,995.48
Short sale at cost - options 47,598.19
Short- Appr/Dep equities - settled 1,060,578.06
Short- Appr/Dep ETFs - settled 13,154.54
Short- Appr/Dep Options - settled (44,251.36)
Dividends payable- Short 45,804.72
Incentive fee accrued (0.02)
Management fee payable 86,892.47
Accrued Government Fees 4,012.16
Administration fees payable 8,367.58
Audit fee payable 49,551.70
Financial statement fees payable 941.67
Miscellaneous fees payable 10,777.54
Tax fees payable 1,224.23
Advance subscriptions 212,500.00
Due to broker 3,184,716.93
Due to General Partner 100.00
Provision for rounding (0.04)
LIABILITIES 31,391,466.61
NET ASSET VALUE 76,918,546.51
UNITHOLDER CAPITAL CAD
Class A, Series 2013-11 (Initial Series) 6,436,905.98
Class A, Series 2017-02 635,132.14
Class F, Series 2012-08 (Initial Series) 22,221,094.00
Class F, Series 2017-02 4,928.15
Class Trust - A, Series 2014-06 (Initial Series) 8,071,478.49
Class Trust - A, Series 2017-02 97,477.50
Class Trust - F, Series 2014-06 (Initial Series) 37,763,137.09
Class Trust - F, Series 2017-02 1,688,393.15
UNITHOLDER CAPITAL TOTAL 76,918,546.50
12:58:264/20/2017 Page 1 of 1PFS-PAXUS
DEMO LONG SHORT FUND LP
PROFIT & LOSS STATEMENT FOR THE PERIOD FEBRUARY 1, 2017 TO FEBRUARY 28, 2017
YTD CADPERIOD CAD(112,786.97)Realised gain/loss Commission & other charges (57,209.47)
(32,106.72)Realised FX gain/loss securities (28,056.54)
26,920.38 Realised gain/loss bonds 18,560.00
1,536,231.24 Realised gain/loss equities 625,682.48
(235.19)Realised gain/loss ETFs 1,979.30
(68.67)Realised gain/loss fx spot (68.67)
1,730.03 Realised gain/loss options (87,771.50)
1,419,684.10 473,115.60
(34,837.00)Unrealised gain/loss Unrealised FX gain/loss - balance sheet 78,712.64
(25,250.92)Unrealised FX gain/loss on securities 115,376.57
21,095.05 Unrealised p/l settled bonds (11,475.88)
(2,585,004.20)Unrealised p/l settled equities (1,681,258.28)
(12,370.02)Unrealised p/l settled ETFs (2,416.67)
(160,460.40)Unrealised p/l settled options (65,811.35)
(2,796,827.49)(1,566,872.97)
(.02)Other gain/loss Rounding G/L .00
(.02).00
45,277.97 Interest income Interest earned - bonds 20,772.08
(191.56)Interest earned - bonds (manual entry) (215.75)
3,458.10 Interest income - cash balances 1,439.97
48,544.51 21,996.30
163,606.42 Dividend income Long- Dividends income 68,522.71
47,036.54 Long dividends income - equity (foreign) 45,034.90
6.28 Long- Dividends income (manual entry) .00
(78,893.83)Short- Dividends Expense (60,671.21)
(144.00)Short- Dividends Expense (manual entry) .00
131,611.41 52,886.40
(16,560.39)Other expenses Administration fees (8,368.52)
(9,274.82)Audit fees (4,637.41)
(77.41)Bank charges (34.69)
(941.59)Financial statement fees (470.76)
(2,854.96)Government Fees (666.66)
(305.48)Miscellaneous expenses (305.48)
(22,585.98)Stock Loan Fees (10,777.24)
640.33 Tax fees 1,252.41
(51,960.30)(24,008.35)
(172,580.21)Investment management fee expense Management fee (86,892.47)
(172,580.21)(86,892.47)
(10,697.47)Taxation expense Withholding tax expense (10,160.86)
(10,697.47)(10,160.86)
TOTAL (1,432,225.47)(1,139,936.35)
12:58:26 Page 1 of 14/20/2017 PFS-PAXUS
Investor
INVESTOR HOLDINGS
Investor No. Number Held NAV Price CCY NAV Value
As of: 12/31/2016
Total WF%ST
Test Fund - Multi Series - CAD
Class A
Alex Corp TEST CAD2,519.57396.8803 999,968.91 999,968.91 N0.71%C
123456789David J. Smith CAD2,519.571,011.0149 2,547,325.74 2,547,325.74 1.81%C
David Thomson (Investor) CAD2,519.570.0010 2.52 2.52 0.00%C
Givens Farms Ltd CAD2,519.57507.8541 1,279,575.48 1,279,575.48 N0.91%C
Katherine Tam CAD2,519.570.0010 2.52 2.52 0.00%C
Test - Company CAD2,519.571,000.0000 2,519,572.93 2,519,572.93 Y1.79%C
Test - Foundation CAD2,519.571,000.0000 2,519,572.93 2,519,572.93 Y1.79%C
Test - Trust CAD2,519.571,000.0000 2,519,572.93 2,519,572.93 Y1.79%C
Test Investor CAD2,519.5750,000.0000 125,978,646.73 125,978,646.73 89.42%C
Test Partnership CAD2,519.571,000.0000 2,519,572.93 2,519,572.93 Y1.79%C
140,883,813.6255,915.7513 140,883,813.62Series total
Company / Currency total 140,883,813.62140,883,813.6255,915.7513
10/15/2017 16:10:32 Page 1 of 1PFS-PAXUS
TEST FUND - MULTI SERIES - All Investors
Rounding Adjst.FP
TradeType
OffsetDeal LK WF
InvestorEquity Series
Deal Ref.
Settl.DateEx. Ref. Fee 2FPFee 1Equalisation EQBook ValueNumber Price Spread Value NAV
NetSettlement
INVESTOR TRANSACTIONS FROM 12/1/2016 TO 12/31/2016
Alex Corp TEST
Class A0.00I A N12/1/2016 0.000.000.001,000,000.00396.8803 2,519.65 0.00R98670 C1,000,000.00
396.8803 0.000.000.000.001,000,000.00 1,000,000.00 Total for Series for Investor - CAD
0.00396.8803 0.000.000.001,000,000.00 1,000,000.00 Total for Investor - CAD
396.8803 1,000,000.00 0.00 0.00 0.00 0.00 1,000,000.00 Total for Company - CAD
10/15/2017 16:10:33 Page 1 of 1PFS-PAXUS
PORTFOLIO OVERVIEW as of 2/28/2017
Demo Long Short Fund LP
Percent ofInvestment
Percent ofNAV
FX Gain LCYUnrealised FCYLCY
Market Value FCYLCY
Market PriceCost LCYHistorical
Total Cost FCYLCY
Cost per ShareFCY
Total PositionSecurity
EA Group: <ALL>
Counterpart: Bank of Montreal Prime Brokerage
Position: LongSecurity type: Bond
Currency: CAD
0.2471%93.63000078.723478 203,000.00005N PLUS INC Jun 19 5.75% 0.28%190,068.90 30,260.24159,808.66 159,808.66
159,808.66 190,068.90 30,260.24
0.00
9.7475%99.96850099.867000 7,500,000.0000BMO BANK LOAN - 03/14/17 11.21%7,497,637.50 7,612.507,490,025.00 7,490,025.00
7,490,025.00 7,497,637.50 7,612.50
0.00
6.8233%99.96967099.937000 5,250,000.0000BMO BANK LOAN - 03/15/17 7.85%5,248,407.68 1,715.185,246,692.50 5,246,692.50
5,246,692.50 5,248,407.68 1,715.18
0.00
12.9919%99.93200099.932000 10,000,000.0000BMO BANK LOAN - 03/31/17 14.94%9,993,200.00 0.009,993,200.00 9,993,200.00
9,993,200.00 9,993,200.00 0.00
0.00
2.1598%100.50000082.956253 1,653,000.0000CENTRIC HEALTH CORP Oct 17 6.75% 2.48%1,661,265.00 289,998.141,371,266.87 1,371,266.87
1,371,266.87 1,661,265.00 289,998.14
0.00
0.6043%103.295000100.000000 450,000.0000CHEMTRADE LOGISTICS INC 5% 08/31/2023 0.69%464,827.50 14,827.50450,000.00 450,000.00
450,000.00 464,827.50 14,827.50
0.00
0.2063%103.060000103.649351 154,000.0000CHEMTRADE LOGISTICS INC Dec 18 5.75% 0.24%158,712.40 -907.60159,620.00 159,620.00
159,620.00 158,712.40 -907.60
0.00
0.00%0.000000100.000000 375,000.0000LOYALIST CONV DEBT 7.5% DUE 11/30/18 0.00%0.00 -375,000.00375,000.00 375,000.00
375,000.00 0.00 -375,000.00
0.00
0.616%87.75000087.995690 540,000.0000NYX GAMING GROUP LTD Dec 19 10% 0.71%473,850.00 -1,326.73475,176.73 475,176.73
475,176.73 473,850.00 -1,326.73
0.00
0.4344%64.13500098.082767 521,000.0000PATIENT HOME MONITORING Dec 19 7.5% 0.50%334,143.35 -176,867.87511,011.22 511,011.22
511,011.22 334,143.35 -176,867.87
0.00
0.1557%99.80000098.000000 120,000.0000TRANSGLOBE ENERGY CORP Mar 17 6% 0.18%119,760.00 2,160.00117,600.00 117,600.00
117,600.00 119,760.00 2,160.00
0.00
0.1502%96.250000110.508600 120,000.0000Yellow Pages Digital & M 8% 11/30/2022 0.17%115,500.00 -17,110.32132,610.32 132,610.32
132,610.32 115,500.00 -17,110.32
0.00
Total for Long - Bond - CAD
LCY
34.1366% 39.25%26,257,372.33 -224,638.9626,482,011.30
26,482,011.30
26,482,011.30
26,257,372.33 -224,638.96
0.00
Total for Long - Bond - LCY 34.1366% 39.25%26,482,011.30 26,482,011.30 26,257,372.33 -224,638.96 0.00
Security type: Equity
Currency: CAD
0.3457%11.4600008.938036 23,200.0000AGELLAN COMMERCIAL REAL ESTATE 0.40%265,872.00 58,509.58207,362.42 207,362.42
207,362.42 265,872.00 58,509.58
0.00
0.6001%13.38000014.009930 34,500.0000AIR CANADA 0.69%461,610.00 -21,732.60483,342.60 483,342.60
483,342.60 461,610.00 -21,732.60
0.00
0.4914%59.06000061.472600 6,400.0000ALIMENTATION COUCHE-TARD INC 0.57%377,984.00 -15,440.64393,424.64 393,424.64
393,424.64 377,984.00 -15,440.64
0.00
0.5704%1.6700001.779193 262,700.0000ATHABASCA OIL CORP 0.66%438,709.00 -28,684.98467,393.98 467,393.98
467,393.98 438,709.00 -28,684.98
0.00
0.5037%26.00000025.000000 14,900.0000BANK OF MONTREAL 0.58%387,400.00 14,900.00372,500.00 372,500.00
372,500.00 387,400.00 14,900.00
0.00
0.9233%0.2750000.200000 2,582,500.0000BNK PETROLEUM INC 1.06%710,187.50 193,687.50516,500.00 516,500.00
516,500.00 710,187.50 193,687.50
0.00
1.3122%86.27000077.051155 11,700.0000BOYD GROUP INCOME FUND 1.51%1,009,359.00 107,860.49901,498.51 901,498.51
901,498.51 1,009,359.00 107,860.49
0.00
4/20/2017 12:58:30 Page 1 of 11PFS-PAXUS
PORTFOLIO OVERVIEW as of 2/28/2017
Demo Long Short Fund LP
Percent ofInvestment
Percent ofNAV
FX Gain LCYUnrealised FCYLCY
Market Value FCYLCY
Market PriceCost LCYHistorical
Total Cost FCYLCY
Cost per ShareFCY
Total PositionSecurity
EA Group: <ALL>
Counterpart: Bank of Montreal Prime Brokerage
Position: LongSecurity type: Option
Currency: USD
0.006%0.5000000.870000 70.0000SPY US 03 Mar 17 P235 0.01%3,500.00 -2,590.006,090.00 7,986.43
8,088.13 4,648.35 -3,439.78
101.70
0.0097%0.2000002.832500 280.0000SPY US 17 Mar 17 P220 0.01%5,600.00 -73,710.0079,310.00 104,792.74
105,331.61 7,437.36 -97,894.25
538.87
0.009%0.1600000.200000 325.0000XLF US 03 Mar 17 P24.5 0.01%5,200.00 -1,300.006,500.00 8,524.10
8,632.65 6,906.12 -1,726.53
108.55
Total for Long - Option - USD
LCY
0.0614% 0.07%35,547.27 -99,952.73135,500.00
179,957.56
178,788.68
47,210.33 -132,747.23
1,168.88
Total for Long - Option - LCY 0.1967% 0.23%268,941.30 267,772.42 151,279.47 -117,661.83 1,168.88
Total for Long - LCY 123.0959% 141.54%90,900,946.03 90,841,863.67 94,683,553.13 3,782,607.02 59,082.43
Position: ShortSecurity type: Exchange traded fund
Currency: USD
-0.3451%71.38000073.350000 -2,800.0000ENERGY SELECT SECTOR SPDR -0.40%-199,864.00 5,516.00-205,380.00 -268,534.35
-272,765.18 -265,439.38 7,325.80
-4,230.83
-1.561%37.20500036.570400 -24,300.0000SPDR Bloomberg Barclays High Y: -1.79%-904,081.50 -15,420.78-888,660.72 -1,202,802.28
-1,180,230.30 -1,200,710.64 -20,480.34
22,571.98
Total for Short - Exchange traded fund - USD
LCY
-1.9061% -2.19%-1,103,945.50 -9,904.78-1,094,040.72
-1,452,995.48
-1,471,336.63
-1,466,150.02 -13,154.54
18,341.15
Total for Short - Exchange traded fund - LCY -1.9061% -2.19%-1,452,995.48 -1,471,336.63 -1,466,150.02 -13,154.54 18,341.15
Security type: Equity
Currency: CAD
-0.3266%39.88000034.975800 -6,300.0000A&W REVENUE ROYALTIES IN-UTS -0.38%-251,244.00 -30,896.46-220,347.54 -220,347.54
-220,347.54 -251,244.00 -30,896.46
0.00
-0.4483%8.0000009.333587 -43,100.0000ADVANTAGE OIL & GAS LTD -0.52%-344,800.00 57,477.62-402,277.62 -402,277.62
-402,277.62 -344,800.00 57,477.62
0.00
-0.3403%32.72000034.054400 -8,000.0000AGT FOOD & INGREDIENTS INC -0.39%-261,760.00 10,675.20-272,435.20 -272,435.20
-272,435.20 -261,760.00 10,675.20
0.00
-0.4371%35.02000034.695979 -9,600.0000ALLIED PROPERTIES REAL ESTAT -0.50%-336,192.00 -3,110.61-333,081.39 -333,081.39
-333,081.39 -336,192.00 -3,110.61
0.00
-0.7434%45.38000042.250158 -12,600.0000ATCO LTD/CANADA -0.85%-571,788.00 -39,436.01-532,351.99 -532,351.99
-532,351.99 -571,788.00 -39,436.01
0.00
-0.2905%77.04000070.195250 -2,900.0000BANK OF NOVA SCOTIA/THE -0.33%-223,416.00 -19,849.77-203,566.23 -203,566.23
-203,566.23 -223,416.00 -19,849.77
0.00
-0.8512%57.94000057.754497 -11,300.0000BCE INC -0.98%-654,722.00 -2,096.18-652,625.82 -652,625.82
-652,625.82 -654,722.00 -2,096.18
0.00
-0.9482%44.47000046.054251 -16,400.0000BOARDWALK REAL ESTATE INVESTME -1.09%-729,308.00 25,981.71-755,289.71 -755,289.71
-755,289.71 -729,308.00 25,981.71
0.00
-0.3049%22.99000021.500900 -10,200.0000BOSTON PIZZA ROYALTIES-UNITS -0.35%-234,498.00 -15,188.82-219,309.18 -219,309.18
-219,309.18 -234,498.00 -15,188.82
0.00
-0.9096%116.610000106.956139 -6,000.0000CANADIAN IMPERIAL BANK OF COMM -1.05%-699,660.00 -57,923.17-641,736.83 -641,736.83
-641,736.83 -699,660.00 -57,923.17
0.00
4/20/2017 12:58:30 Page 8 of 11PFS-PAXUS
PORTFOLIO OVERVIEW as of 2/28/2017
Demo Long Short Fund LP
Percent ofInvestment
Percent ofNAV
FX Gain LCYUnrealised FCYLCY
Market Value FCYLCY
Market PriceCost LCYHistorical
Total Cost FCYLCY
Cost per ShareFCY
Total PositionSecurity
EA Group: <ALL>
Counterpart: Bank of Montreal Prime Brokerage
Position: ShortSecurity type: Equity
Currency: USD
-0.5032%91.07000082.973226 -3,200.0000PROCTER & GAMBLE CO/THE -0.58%-291,424.00 -25,909.68-265,514.32 -355,272.30
-352,629.57 -387,040.21 -34,410.64
2,642.72
-0.4418%21.87000022.987149 -11,700.0000SALLY BEAUTY HOLDINGS INC -0.51%-255,879.00 13,070.64-268,949.64 -351,836.13
-357,192.02 -339,832.90 17,359.12
-5,355.89
-1.9393%207.995000185.043550 -5,400.0000SPDR DOW JONES INDUSTRIAL AVER -2.23%-1,123,173.00 -123,937.83-999,235.17 -1,337,348.82
-1,327,084.23 -1,491,686.06 -164,601.83
10,264.60
-3.6751%236.500000225.696000 -9,000.0000SPDR S&P 500 ETF TRUST -4.23%-2,128,500.00 -97,236.00-2,031,264.00 -2,735,016.12
-2,697,721.72 -2,826,860.85 -129,139.13
37,294.40
-0.1972%42.30000047.254189 -2,700.0000TEXAS ROADHOUSE INC -0.23%-114,210.00 13,376.31-127,586.31 -168,289.34
-169,447.38 -151,682.30 17,765.08
-1,158.04
-0.3309%33.04000034.083000 -5,800.0000TRUSTMARK CORP -0.38%-191,632.00 6,049.40-197,681.40 -261,473.19
-262,540.67 -254,506.46 8,034.21
-1,067.48
-0.2541%38.72000037.630425 -3,800.0000UNITED STATES STEEL CORP (US) -0.29%-147,136.00 -4,140.38-142,995.62 -187,200.61
-189,912.48 -195,411.32 -5,498.84
-2,711.86
-0.8597%57.89500055.664338 -8,600.0000WELLS FARGO & CO -0.99%-497,897.00 -19,183.69-478,713.31 -645,812.15
-635,779.15 -661,257.01 -25,477.86
10,033.00
Total for Short - Equity - USD
LCY
-21.1466% -24.31%-12,247,319.00 -602,242.81-11,645,076.19
-15,465,825.70
-15,567,174.72
-16,265,664.35 -799,838.67
101,349.04
Total for Short - Equity - LCY -34.2142% -39.34%-25,256,502.80 -25,357,851.82 -26,317,080.85 -1,060,578.07 101,349.04
Security type: Option
Currency: USD
-0.0044%0.0900001.279975 -280.0000SPY US 17 Mar 17 P210 -0.01%-2,520.00 33,319.30-35,839.30 -47,360.27
-47,598.17 -3,346.81 44,251.36
-237.90
Total for Short - Option - USD
LCY
-0.0044% -0.01%-2,520.00 33,319.30-35,839.30
-47,598.17
-47,360.27
-3,346.81 44,251.36
-237.90
Total for Short - Option - LCY -0.0044% -0.01%-47,598.17 -47,360.27 -3,346.81 44,251.36 -237.90
Total for Short - LCY -36.1247% -41.54%-26,757,096.45 -26,876,548.72 -27,786,577.68 -1,029,481.25 119,452.29
Total for Bank of Montreal Prime Brokerage - LCY 86.9712% 100.00%64,143,849.58 63,965,314.95 66,896,975.45 2,753,125.77 178,534.72
Total for <ALL> 64,143,849.58 63,965,314.95 66,896,975.45 2,753,125.77 178,534.72 86.9712% 100.00%
Grand Total - LCY 100.00%86.9712%63,965,314.9564,143,849.58 66,896,975.45 2,753,125.77 178,534.72
4/20/2017 12:58:30 Page 11 of 11PFS-PAXUS
Market ValueFCY
UnrealisedGain FCY
UnrealisedGain LCY
FX GainLCY
Test Fund - Multi Series
as of 1/31/2017SECURITIES COST
Cost LCYat current
FX rate
Cost per ShareFCY
Total CostFCY
Cost LCYHistorical
Market PriceFCY
PLSecurity Total Position
Bank of Montreal Prime BrokerageCounterpart:
LongPosition:
Equity - CADSecurity type:BANK OF MONTREAL (CN) 100.000000 10,000.00 98.430000 1100.0000 10,000.00 10,000.00 -157.00 -157.00 0.00 9,843.00
10,000.00Total for Long - Equity - CAD 10,000.00 10,000.00 -157.00 -157.00 0.00 9,843.00
-157.00 0.0010,000.00 10,000.00Total for Long - Equity
-157.00 0.0010,000.0010,000.00Total for Long
0.0010,000.00 10,000.00Total for Bank of Montreal Prime Brokerage -157.00
Canadian Imperial Bank of CommerceCounterpart:
ShortPosition:
Equity - CADSecurity type:BANK OF MONTREAL (CN) 100.000000 -10,000.00 98.430000 1-100.0000 -10,000.00 -10,000.00 157.00 157.00 0.00 -9,843.00
-10,000.00Total for Short - Equity - CAD -10,000.00 -10,000.00 157.00 157.00 0.00 -9,843.00
157.00 0.00-10,000.00 -10,000.00Total for Short - Equity
157.00 0.00-10,000.00-10,000.00Total for Short
0.00-10,000.00 -10,000.00Total for Canadian Imperial Bank of Commerce 157.00
TD Prime BrokerageCounterpart:
LongPosition:
Equity - CADSecurity type:CAMECO CORP 5.000000 100,000.00 16.570000 120,000.0000 100,000.00 100,000.00 231,400.00 231,400.00 0.00 331,400.00
100,000.00Total for Long - Equity - CAD 100,000.00 100,000.00 231,400.00 231,400.00 0.00 331,400.00
231,400.00 0.00100,000.00 100,000.00Total for Long - Equity
Future - USDSecurity type:NGU7 NYM Sep 17 3.300000 6,600,000.00 3.283000 1200.0000 8,739,720.00 8,587,920.00 -34,000.00 -44,240.80 0.00 6,566,000.00
6,600,000.00Total for Long - Future - USD 8,739,720.00 8,587,920.00 -34,000.00 -44,240.80 0.00 6,566,000.00
-44,240.80 0.008,739,720.00 8,587,920.00Total for Long - Future
187,159.20 0.008,687,920.008,839,720.00Total for Long
ShortPosition:
Future - USDSecurity type:NGJ7 NYM Apr 17 3.200000 -4,800,000.00 3.165000 1-150.0000 -6,329,760.00 -6,245,760.00 52,500.00 68,313.00 0.00 -4,747,500.00
-4,800,000.00Total for Short - Future - USD -6,329,760.00 -6,245,760.00 52,500.00 68,313.00 0.00 -4,747,500.00
68,313.00 0.00-6,329,760.00 -6,245,760.00Total for Short - Future
68,313.00 0.00-6,245,760.00-6,329,760.00Total for Short
0.002,509,960.00 2,442,160.00Total for TD Prime Brokerage 255,472.20
0.00255,472.20Grand Total 2,509,960.00 2,442,160.00
10/16/2017 10:41:36 Page 1 of 1PFS-PAXUS
SECURITIES UNSETTLED DEALS As of 2/28/2017
Demo Long Short Fund LP
Buy transactions
Deal No Security SettlementDate
CCY Number CostPrice Market Price UnrealisedGain / Loss
Comm. &Oth. Chgs
MarketValue
SettlementInterest
Demo Long Short Fund LPCompany:
Bank of Montreal Prime BrokerageCounterpart:
Security type: Equity
S77767 3/2/2017BANK OF NOVA SCOTIA/THE CAD 5,200. 415,462.3279.8966 77.04 78.00400,608.00-14,854.32 0.00
S77769 3/2/2017BANK OF NOVA SCOTIA/THE CAD 1,000. 80,415.0080.415 77.04 15.0077,040.00-3,375.00 0.00
S77933 3/3/2017CARGOJET INC CAD 1,700. 82,408.3548.4755 49. 25.5083,300.00891.65 0.00
S77662 3/15/2017INTERRENT REAL ESTATE INVEST CAD 46,000. 353,280.007.68 7.71 0.00354,660.001,380.00 0.00
S77664 3/15/2017INTERRENT REAL ESTATE INVEST CAD 36,600. 281,088.007.68 7.71 0.00282,186.001,098.00 0.00
S77666 3/15/2017INTERRENT REAL ESTATE INVEST CAD 18,000. 138,240.007.68 7.71 0.00138,780.00540.00 0.00
S77670 3/1/2017ISHARES S&P/TSX 60 INDEX ETF CAD 13,300. 304,969.0022.93 22.775 199.50302,907.50-2,061.50 0.00
S77781 3/2/2017ISHARES S&P/TSX 60 INDEX ETF CAD 16,700. 382,096.0022.88 22.775 250.50380,342.50-1,753.50 0.00
S77529 3/13/2017KILLAM APARTMENT REAL ESTATE CAD 13,200. 166,980.0012.65 12.68 0.00167,376.00396.00 0.00
S77672 3/1/2017MEDICURE INC CAD 2,000. 17,800.008.9 9. 26.7018,000.00200.00 0.00
S77787 3/2/2017MEDICURE INC CAD 3,300. 29,607.608.972 9. 44.4129,700.0092.40 0.00
S77940 3/3/2017MEDICURE INC CAD 100. 885.008.85 9. 1.33900.0015.00 0.00
S77674 3/1/2017METHANEX CORP CAD 3,500. 238,584.5068.167 67.69 52.50236,915.00-1,669.50 0.00
S77789 3/2/2017METHANEX CORP CAD 1,300. 90,451.1469.5778 67.69 19.5087,997.00-2,454.14 0.00
S77676 3/1/2017MTY FOOD GROUP INC CAD 700. 36,393.0051.99 52.09 10.5036,463.0070.00 0.00
S77948 3/3/2017THERATECHNOLOGIES INC CAD 33,400. 148,222.524.4378 4.54 222.33151,636.003,413.48 0.00
2,766,882.43 945.772,748,811.00-18,071.43 0.00Total for Counterpart - CAD - Equity
2,766,882.43 945.772,748,811.00-18,071.43 0.00Total for Counterpart - CAD
Security type: Equity
S77938 3/3/2017LOWE'S COS INC USD 1,200. 89,567.2874.6394 74.37 18.0089,244.00-323.28 0.00
S77791 3/2/2017NEWELL BRANDS INC USD 3,300. 165,418.7750.1269 49.03 49.50161,799.00-3,619.77 0.00
S77952 3/3/2017UNITED STATES STEEL CORP (US) USD 1,300. 51,998.0539.9985 38.72 19.5050,336.00-1,662.05 0.00
306,984.10 87.00301,379.00-5,605.10 0.00Total for Counterpart - USD - Equity
Security type: Option
S77929 3/1/2017BBRY US 03 Mar 17 P7 USD 400. 3,604.00.0901 .1 600.004,000.00396.00 0.00
S77935 3/1/2017CWST US 17 Mar 17 C12.5 USD 159. 2,385.00.15 .15 238.502,385.000.00 0.00
5,989.00 838.506,385.00396.00 0.00Total for Counterpart - USD - Option
312,973.10 925.50307,764.00-5,209.10 0.00Total for Counterpart - USD
Sell transactions
Deal No Security SettlementDate
CCY Number CostPrice Market Price UnrealisedGain / Loss
Comm. &Oth. Chgs
MarketValue
SettlementInterest
Demo Long Short Fund LPCompany:
Bank of Montreal Prime BrokerageCounterpart:
Security type: Equity
S77925 3/3/2017BANK OF MONTREAL CAD -3,300. -85,474.6225.9014 26. 49.50-85,800.00-325.38 0.00
S77927 3/3/2017BANK OF MONTREAL CAD -5,100. -132,126.2125.9071 26. 204.00-132,600.00-473.79 0.00
S77660 3/1/2017HUDSON'S BAY CO CAD -10,000. -122,158.0012.2158 12.34 300.00-123,400.00-1,242.00 0.00
S77779 3/2/2017INTERFOR CORP CAD -7,000. -124,950.0017.85 17.79 140.00-124,530.00420.00 0.00
4/20/2017 12:58:32 Page 1 of 2PFS-PAXUS
SECURITIES UNSETTLED DEALS As of 2/28/2017
Demo Long Short Fund LP
Sell transactions
Deal No Security SettlementDate
CCY Number CostPrice Market Price UnrealisedGain / Loss
Comm. &Oth. Chgs
MarketValue
SettlementInterest
Demo Long Short Fund LPCompany:
Bank of Montreal Prime BrokerageCounterpart:
Security type: Equity
S77668 3/1/2017INTERRENT REAL ESTATE INVEST CAD -16,700. -128,256.007.68 7.71 250.50-128,757.00-501.00 0.00
S77785 3/2/2017LAURENTIAN BANK OF CANADA CAD -3,200. -188,803.2059.001 57.4 48.00-183,680.005,123.20 0.00
S77678 3/1/2017RAGING RIVER EXPLORATION INC CAD -33,800. -304,463.649.0078 8.99 676.00-303,862.00601.64 0.00
S77944 3/3/2017ROYAL BANK OF CANADA (TORONTO) CAD -10,000. -268,208.0026.8208 26.97 400.00-269,700.00-1,492.00 0.00
S77946 3/3/2017SEVENTH GENERATIONS ENERGY - A CAD -14,000. -339,605.0024.2575 24.61 210.00-344,540.00-4,935.00 0.00
S77950 3/3/2017TORONTO-DOMINION BANK PREF (TORONTO) CAD -18,800. -487,922.0425.9533 26. 752.00-488,800.00-877.96 0.00
S77680 3/1/2017TOURMALINE OIL CORP CAD -3,000. -90,150.0030.05 29.4 90.00-88,200.001,950.00 0.00
S77793 3/2/2017TRICON CAPITAL GROUP INC CAD -7,500. -78,375.0010.45 10.9 225.00-81,750.00-3,375.00 0.00
S77682 3/1/2017WEST FRASER TIMBER CO LTD CAD -4,000. -216,786.0054.1965 37.77 60.00-151,080.0065,706.00 0.00
-2,567,277.71 3,405.00-2,506,699.0060,578.71 0.00Total for Counterpart - CAD - Equity
-2,567,277.71 3,405.00-2,506,699.0060,578.71 0.00Total for Counterpart - CAD
Security type: Equity
S77655 3/1/2017ALPHABET INC CL C USD -475. -392,302.50825.9 823.07 15.68-390,958.251,344.25 0.00
S77921 3/3/2017ASBURY AUTOMOTIVE GROUP USD -1,400. -91,042.0065.03 65.075 22.98-91,105.00-63.00 0.00
S77923 3/3/2017BANCORPSOUTH INC USD -2,000. -61,900.0030.95 31. 31.35-62,000.00-100.00 0.00
S77771 3/2/2017BARRICK GOLD CORP (US) USD -3,900. -75,700.1719.4103 18.58 60.15-72,462.003,238.17 0.00
S77773 3/2/2017CABLE ONE INC USD -300. -192,912.00643.04 625.42 8.71-187,626.005,286.00 0.00
S77931 3/3/2017CABLE ONE INC USD -200. -125,610.00628.05 625.42 5.74-125,084.00526.00 0.00
S77777 3/2/2017HILLTOP HOLDINGS INC USD -3,000. -84,000.0028. 28.38 46.83-85,140.00-1,140.00 0.00
S77783 3/2/2017KRATON PERFORMANCE POLYMERS USD -4,174. -115,692.8527.7175 27.23 65.13-113,658.022,034.83 0.00
S77942 3/3/2017PEOPLE'S UNITED FINANCIAL USD -2,100. -40,194.0019.14 19.2 32.38-40,320.00-126.00 0.00
S77683 3/1/2017WEYERHAEUSER CO USD -5,900. -196,977.4033.386 33.72 240.29-198,948.00-1,970.60 0.00
-1,376,330.92 529.24-1,367,301.279,029.65 0.00Total for Counterpart - USD - Equity
-1,376,330.92 529.24-1,367,301.279,029.65 0.00Total for Counterpart - USD
4/20/2017 12:58:32 Page 2 of 2PFS-PAXUS
SECURITIES DIVIDEND OUTSTANDING AS OF 2/28/2017
Demo Long Short Fund LP
Trans.Ref
Security PaymentMethod
ReinvestmentPrice
ReinvestmentPreference
Ex Date AccrualDate
PayableDate
CCY Gross Amountor Shares
Issuance Fee Net Amount Net Amount LcyEquivalent
Long Dividends - <ALL>
Bank of Montreal Prime Brokerage
Equity
V4579 MICROSOFT CORP (US) Cash Reinvest if price 2/14/2017 2/14/2017 3/9/2017 USD 4,173 0.00 3,547.05 4,710.84
V4822 TRANSALTA CORP Cash Reinvest if price 2/27/2017 2/27/2017 4/1/2017 CAD 10,010.24 0.00 10,010.24 10,010.24
V4839 TRANSALTA CORP (TORONTO) Cash Reinvest if price 2/27/2017 2/27/2017 3/31/2017 CAD 5,158.90 0.00 5,158.90 5,158.90
V4941 ENBRIDGE INC PFD CONVERTIBLE T Cash Reinvest if price 2/13/2017 2/13/2017 3/1/2017 CAD 2,925 0.00 2,925 2,925.00
V5256 WALGREENS BOOTS ALLIANCE INC Cash Reinvest if price 2/13/2017 2/13/2017 3/10/2017 USD 2,100 0.00 1,785 2,370.66
V5401 NORBORD INC Cash Reinvest if price 2/27/2017 2/27/2017 3/21/2017 CAD 830 0.00 830 830.00
V5426 CABLE ONE INC Cash Reinvest if price 2/16/2017 2/16/2017 3/10/2017 USD 1,800 0.00 1,530 2,031.99
V5466 SUPERIOR PLUS CORP Cash Reinvest if price 2/24/2017 2/24/2017 3/15/2017 CAD 3,138 0.00 3,138 3,138.00
V5468 ENTERCOM COMMUNICATIONSCORP
Cash Reinvest if price 2/24/2017 2/24/2017 3/15/2017 USD 5,190.23 0.00 4,411.70 5,859.18
V5491 NORTHLAND POWER INC Cash Reinvest if price 2/24/2017 2/24/2017 3/15/2017 CAD 9,369 0.00 9,369 9,369.00
V5493 PARKLAND FUEL CORP Cash Reinvest if price 2/21/2017 2/21/2017 3/15/2017 CAD 2,409.75 0.00 2,409.75 2,409.75
V5524 CHORUS AVIATION INC Cash Reinvest if price 2/24/2017 2/24/2017 3/16/2017 CAD 6,588 0.00 6,588 6,588.00
V5528 EXTENDICARE INC Cash Reinvest if price 2/24/2017 2/24/2017 3/15/2017 CAD 1,752 0.00 1,752 1,752.00
V5536 BARRICK GOLD CORP (US) Cash Reinvest if price 2/24/2017 2/24/2017 3/15/2017 USD 558 0.00 474.30 629.92
V5537 MILESTONE APARTMENTS REALESTA
Cash Cash 2/24/2017 2/24/2017 3/15/2017 USD 2,197.88 0.00 2,197.88 2,919.00
V5554 CATCHMARK TIMBER TRUST INC-A Cash Reinvest if price 2/24/2017 2/24/2017 3/16/2017 USD 4,846.50 0.00 4,119.52 5,471.13
V5556 PURE MULTI-FAMILY REIT LP Cash Cash 2/24/2017 2/24/2017 3/15/2017 USD 1,568.75 0.00 1,568.75 2,083.46
V5557 GRANITE REAL ESTATE INVESTMENT Cash Reinvest if price 2/24/2017 2/24/2017 3/15/2017 CAD 7,139.30 0.00 7,139.30 7,139.30
V5564 DREAM INDUSTRIAL REAL ESTATE Cash Reinvest if price 2/24/2017 2/24/2017 3/15/2017 CAD 2,391.53 0.00 2,391.53 2,391.53
V5566 KILLAM APARTMENT REAL ESTATE Cash Reinvest if price 2/24/2017 2/24/2017 3/15/2017 CAD 3,300 0.00 3,300 3,300.00
V5580 BOYD GROUP INCOME FUND Cash Reinvest if price 2/24/2017 2/24/2017 3/29/2017 CAD 503.10 0.00 503.10 503.10
V5591 AGELLAN COMMERCIAL REALESTATE
Cash Cash 2/24/2017 2/24/2017 3/15/2017 CAD 1,498.26 0.00 1,498.26 1,498.26
V5650 ALLERGAN INC Cash Reinvest if price 2/24/2017 2/24/2017 3/28/2017 USD 840 0.00 714 948.26
84,037.52Equity Total
Counterpart Total 84,037.52
Long Dividends Total 84,037.52
Short Dividends - <ALL>
Bank of Montreal Prime Brokerage
Equity
V4638 FORTIS INC/CANADA Cash Reinvest if price 2/14/2017 2/14/2017 3/1/2017 CAD -2,640 0.00 -2,640 -2,640.00
V5209 INTEL CORP Cash Reinvest if price 2/3/2017 2/3/2017 3/1/2017 USD -3,510 0.00 -3,510 -4,661.63
V5222 TRUSTMARK CORP Cash Reinvest if price 2/27/2017 2/27/2017 3/15/2017 USD -1,334 0.00 -1,334 -1,771.69
V5228 WELLS FARGO & CO Cash Reinvest if price 2/1/2017 2/1/2017 3/1/2017 USD -3,268 0.00 -3,268 -4,340.23
V5253 POLARIS INDUSTRIES INC Cash Reinvest if price 2/27/2017 2/27/2017 3/15/2017 USD -754 0.00 -754 -1,001.39
V5449 THOMSON REUTERS CORP Cash Cash 2/21/2017 2/21/2017 3/15/2017 USD -1,104 0.00 -1,104 -1,466.22
V5471 HONEYWELL INTERNATIONAL INC Cash Reinvest if price 2/22/2017 2/22/2017 3/10/2017 USD -1,995 0.00 -1,995 -2,649.56
V5480 GENERAL ELECTRIC CO Cash Reinvest if price 2/23/2017 2/23/2017 4/25/2017 USD -3,720 0.00 -3,720 -4,940.53
V5484 NEWELL BRANDS INC Cash Reinvest if price 2/24/2017 2/24/2017 3/15/2017 USD -627 0.00 -627 -832.72
12:58:324/20/2017 Page 1 of 2PFS-PAXUS
SECURITIES DIVIDEND OUTSTANDING AS OF 2/28/2017
Demo Long Short Fund LP
Trans.Ref
Security PaymentMethod
ReinvestmentPrice
ReinvestmentPreference
Ex Date AccrualDate
PayableDate
CCY Gross Amountor Shares
Issuance Fee Net Amount Net Amount LcyEquivalent
Short Dividends - <ALL>
Bank of Montreal Prime Brokerage
Equity
V5494 ENBRIDGE INC Cash Reinvest if price 2/13/2017 2/13/2017 3/1/2017 CAD -3,964.40 0.00 -3,964.40 -3,964.40
V5504 CUMMINS INC Cash Reinvest if price 2/22/2017 2/22/2017 3/6/2017 USD -2,357.50 0.00 -2,357.50 -3,131.00
V5561 DREAM OFFICE REAL ESTATE INVES Cash Reinvest if price 2/24/2017 2/24/2017 3/15/2017 CAD -1,250 0.00 -1,250 -1,250.00
V5569 SPDR DOW JONES INDUSTRIALAVER
Cash Reinvest if price 2/17/2017 2/17/2017 3/13/2017 USD -3,026.86 0.00 -3,026.86 -4,019.97
V5585 ALLIED PROPERTIES REAL ESTAT Cash Reinvest if price 2/24/2017 2/24/2017 3/15/2017 CAD -1,224 0.00 -1,224 -1,224.00
V5588 BOARDWALK REAL ESTATEINVESTME
Cash Reinvest if price 2/24/2017 2/24/2017 3/15/2017 CAD -3,075 0.00 -3,075 -3,075.00
V5656 INTERRENT REAL ESTATE INVEST Cash Reinvest if price 2/24/2017 2/24/2017 3/15/2017 CAD -931.50 0.00 -931.50 -931.50
V5657 PEYTO EXPLORATION &DEVELOPMEN
Cash Reinvest if price 2/24/2017 2/24/2017 3/15/2017 CAD -1,155 0.00 -1,155 -1,155.00
V5666 TRANSALTA RENEWABLES INC Cash Reinvest if price 2/27/2017 2/27/2017 3/31/2017 CAD -2,749.88 0.00 -2,749.88 -2,749.88
-45,804.72Equity Total
Counterpart Total -45,804.72
Short Dividends Total -45,804.72
Company Total 38,232.80
12:58:324/20/2017 Page 2 of 2PFS-PAXUS
RecordDate
Quantity OfShares
Gross DividendAmount
CCY Local CurrencyAmount
WithholdTax exp.
WithholdTax rec.
Net Amount Net Amount Lcy Type
Demo Long Short Fund LP
EX DATES IN THE PERIOD 31 JAN 2017 TO 28 FEB 2017
SECURITY DIVIDENDS REPORT
CommentsAmountPer Share
Issuance FeePer Share
Trans.Ref
PayableDate
Ex Date AccrualDate
Cash dividends
Bank of Montreal Prime Brokerage
Long positions
AGELLAN COMMERCIAL REAL ESTATE - <ALL>
2/28/2017 23,200.000000V5591 1,498.26 CAD 1,498.26 0.00 0.00 1,498.26 1,498.260.064580 0.0000 RE (regular cash);(Gross Dividend)
3/15/2017 2/24/2017 2/24/2017
BOYD GROUP INCOME FUND - <ALL>
2/28/2017 11,700.000000V5580 503.10 CAD 503.10 0.00 0.00 503.10 503.100.043000 0.0000 RE (regular cash);(Gross Dividend)
3/29/2017 2/24/2017 2/24/2017
CHORUS AVIATION INC - <ALL>
2/28/2017 164,700.00V5524 6,588.00 CAD 6,588.00 0.00 0.00 6,588.00 6,588.000.040000 0.0000 RE (regular cash);(Gross Dividend)
3/16/2017 2/24/2017 2/24/2017
DIVERSIFIED ROYALTY CORP - <ALL>
2/13/2017 109,900.00V5405 2,037.55 CAD 2,037.55 0.00 0.00 2,037.55 2,037.550.018540 0.0000 RE (regular cash);(Gross Dividend)
2/28/2017 2/9/2017 2/9/2017
DREAM INDUSTRIAL REAL ESTATE - <ALL>
2/28/2017 41,000.000000V5564 2,391.53 CAD 2,391.53 0.00 0.00 2,391.53 2,391.530.058330 0.0000 RE (regular cash);(Gross Dividend)
3/15/2017 2/24/2017 2/24/2017
ENBRIDGE INC PFD CONVERTIBLE T - <ALL>
2/15/2017 11,700.000000V4941 2,925.00 CAD 2,925.00 0.00 0.00 2,925.00 2,925.000.250000 0.0000 RE (regular cash);(Gross Dividend)
3/1/2017 2/13/2017 2/13/2017
EXTENDICARE INC - <ALL>
2/28/2017 43,800.000000V5528 1,752.00 CAD 1,752.00 0.00 0.00 1,752.00 1,752.000.040000 0.0000 RE (regular cash);(Gross Dividend)
3/15/2017 2/24/2017 2/24/2017
GRANITE REAL ESTATE INVESTMENT - <ALL>
2/28/2017 32,900.000000V5557 7,139.30 CAD 7,139.30 0.00 0.00 7,139.30 7,139.300.217000 0.0000 RE (regular cash);(Gross Dividend)
3/15/2017 2/24/2017 2/24/2017
KILLAM APARTMENT REAL ESTATE - <ALL>
2/28/2017 66,000.000000V5566 3,300.00 CAD 3,300.00 0.00 0.00 3,300.00 3,300.000.050000 0.0000 RE (regular cash);(Gross Dividend)
3/15/2017 2/24/2017 2/24/2017
2/28/2017 66,000.000000V6039 -3,300.00 CAD -3,300.00 -3,300.00 -3,300.00-0.050000 0.0000 RE (regular cash);(Gross Dividend)
3/15/2017 2/24/2017 3/15/2017
2/28/2017 66,000.000000V6041 2,640.00 CAD 2,640.00 0.00 0.00 2,640.00 2,640.000.040000 0.0000 SP dividend is .05 butdue to new issue,the actual share thatis eglible for dividendis 52,800. Thereforeadjusting dividendamount per share tomatch dividendreceived.
3/15/2017 2/24/2017 3/15/2017
NORBORD INC - <ALL>
3/1/2017 8,300.000000V5401 830.00 CAD 830.00 0.00 0.00 830.00 830.000.100000 0.0000 RE (regular cash);(Gross Dividend)
3/21/2017 2/27/2017 2/27/2017
NORTHLAND POWER INC - <ALL>
2/28/2017 104,100.00V5491 9,369.00 CAD 9,369.00 0.00 0.00 9,369.00 9,369.000.090000 0.0000 RE (regular cash);(Gross Dividend)
3/15/2017 2/24/2017 2/24/2017
PARKLAND FUEL CORP - <ALL>
2/23/2017 25,500.000000V5493 2,409.75 CAD 2,409.75 0.00 0.00 2,409.75 2,409.750.094500 0.0000 RE (regular cash);(Gross Dividend)
3/15/2017 2/21/2017 2/21/2017
SUPERIOR PLUS CORP - <ALL>
2/28/2017 52,300.000000V5466 3,138.00 CAD 3,138.00 0.00 0.00 3,138.00 3,138.000.060000 0.0000 RE (regular cash);(Gross Dividend)
3/15/2017 2/24/2017 2/24/2017
4/20/2017 12:58:32 Page 1 of 5PFS-PAXUS
RecordDate
Quantity OfShares
Gross DividendAmount
CCY Local CurrencyAmount
WithholdTax exp.
WithholdTax rec.
Net Amount Net Amount Lcy Type
Demo Long Short Fund LP
EX DATES IN THE PERIOD 31 JAN 2017 TO 28 FEB 2017
SECURITY DIVIDENDS REPORT
CommentsAmountPer Share
Issuance FeePer Share
Trans.Ref
PayableDate
Ex Date AccrualDate
Cash dividends
Bank of Montreal Prime Brokerage
Long positions
TRANSALTA CORP - <ALL>
3/1/2017 250,256.00V4822 10,010.24 CAD 10,010.24 0.00 0.00 10,010.24 10,010.240.040000 0.0000 RE (regular cash);(Gross Dividend)
4/1/2017 2/27/2017 2/27/2017
TRANSALTA CORP (TORONTO) - <ALL>
3/1/2017 17,944.000000V4839 5,158.90 CAD 5,158.90 0.00 0.00 5,158.90 5,158.900.287500 0.0000 RE (regular cash);(Gross Dividend)
3/31/2017 2/27/2017 2/27/2017
Counterpart CAD Total 58,390.63 0.00 0.00 58,390.63 58,390.6358,390.63
ALLERGAN INC - <ALL>
2/28/2017 1,200.000000V5650 840.00 USD 1,101.16 126.00 0.00 714.00 935.980.700000 0.0000 RE (regular cash);(Gross Dividend)
3/28/2017 2/24/2017 2/24/2017
3/28/2017 1,200.000000V6031 -840.00 USD -1,124.17 -126.00 0.00 -714.00 -955.55-0.700000 0.0000 RE (regular cash);(Gross Dividend)
3/28/2017 2/24/2017 3/28/2017
3/28/2017 1,200.000000V6032 840.00 USD 1,124.17 168.00 0.00 672.00 899.340.700000 0.0000 SP (regular cash);(Gross Dividend)
3/28/2017 2/24/2017 3/28/2017
BARRICK GOLD CORP (US) - <ALL>
2/28/2017 18,600.000000V5536 558.00 USD 731.48 83.70 0.00 474.30 621.760.030000 0.0000 RE (regular cash);(Gross Dividend)
3/15/2017 2/24/2017 2/24/2017
3/15/2017 18,600.000000V6029 -558.00 USD -742.53 -83.70 0.00 -474.30 -631.15-0.030000 0.0000 RE (regular cash);(Gross Dividend)
3/15/2017 2/24/2017 3/15/2017
3/15/2017 18,600.000000V6030 558.00 USD 742.53 0.00 0.00 558.00 742.530.030000 0.0000 SP (regular cash);(Gross Dividend)
3/15/2017 2/24/2017 3/15/2017
CABLE ONE INC - <ALL>
2/21/2017 1,200.000000V5426 1,800.00 USD 2,354.40 270.00 0.00 1,530.00 2,001.241.500000 0.0000 RE (regular cash);(Gross Dividend)
3/10/2017 2/16/2017 2/16/2017
CATCHMARK TIMBER TRUST INC-A - <ALL>
2/28/2017 35,900.000000V5554 4,846.50 USD 6,353.28 726.98 0.00 4,119.52 5,400.280.135000 0.0000 RE (regular cash);(Gross Dividend)
3/16/2017 2/24/2017 2/24/2017
COSTCO WHOLESALE CORP - <ALL>
2/10/2017 1,900.000000V5286 855.00 USD 1,124.75 128.25 0.00 726.75 956.040.450000 0.0000 RE (regular cash);(Gross Dividend)
2/24/2017 2/8/2017 2/8/2017
ENTERCOM COMMUNICATIONS CORP - <ALL>
2/28/2017 69,203.000000V5468 5,190.23 USD 6,803.87 778.53 0.00 4,411.70 5,783.300.075000 0.0000 RE (regular cash);(Gross Dividend)
3/15/2017 2/24/2017 2/24/2017
ENVIVA PARTNERS LP - <ALL>
2/15/2017 19,791.000000V5391 10,588.19 USD 13,844.06 4,192.92 0.00 6,395.27 8,361.820.535000 0.0000 RE (partnership dst);(Gross Dividend)
2/28/2017 2/13/2017 2/13/2017
MICROSOFT CORP (US) - <ALL>
2/16/2017 10,700.000000V4579 4,173.00 USD 5,454.53 625.95 0.00 3,547.05 4,636.350.390000 0.0000 RE (regular cash);(Gross Dividend)
3/9/2017 2/14/2017 2/14/2017
MILESTONE APARTMENTS REAL ESTA - <ALL>
2/28/2017 43,600.000000V5537 2,197.88 USD 2,881.20 0.00 0.00 2,197.88 2,881.200.050410 0.0000 RE (regular cash);Foreign currencyDividend amount =0.05 USD; (GrossDividend)
3/15/2017 2/24/2017 2/24/2017
POLARIS INFRASTRUCTURE INC (CA) - <ALL>
2/17/2017 28,900.000000V5430 3,468.00 USD 4,534.41 0.00 0.00 3,468.00 4,534.410.120000 0.0000 RE (regular cash);Foreign currencyDividend amount =0.12 USD; (GrossDividend)
2/22/2017 2/15/2017 2/15/2017
4/20/2017 12:58:32 Page 2 of 5PFS-PAXUS
Demo Long Short Fund LP
BOND ACCRUALS AS OF 2/28/2017
Long positions
CCY Type Security Day CountMethod
Number Next CouponDate
Accrued Interest Accrued InterestLCY (CAD)
Withholding TaxFCY
Prev. CouponDate
CouponRate
Bank of Montreal Prime Brokerage
CAD Bond 5N PLUS INC Jun 19 5.75% ACT/ACT 203,000 12/31/2016 6/30/2017 0.001,934.671,934.675.7500%
CAD Bond BMO BANK LOAN - 03/14/17 30/360 7,500,000 1/1/2017 3/14/2017 0.000.000.000.0000%
CAD Bond BMO BANK LOAN - 03/15/17 30/360 5,250,000 12/13/2016 3/15/2017 0.000.000.000.0000%
CAD Bond BMO BANK LOAN - 03/31/17 30/360 10,000,000 12/13/2016 3/31/2017 0.000.000.000.0000%
CAD Bond CENTRIC HEALTH CORP Oct 17 6.75% act/act 1,653,000 10/31/2016 4/30/2017 0.0037,295.2437,295.246.7500%
CAD Bond CHEMTRADE LOGISTICS INC 5% 08/31/2023 act/act 450,000 2/28/2017 8/31/2017 0.0061.1461.145.0000%
CAD Bond CHEMTRADE LOGISTICS INC Dec 18 5.75% ACT/ACT 154,000 12/31/2016 6/30/2017 0.001,467.681,467.685.7500%
CAD Bond LOYALIST CONV DEBT 7.5% DUE 11/30/18 30/360 375,000 10/31/2016 4/30/2017 0.000.000.000.0000%
CAD Bond NYX GAMING GROUP LTD Dec 19 10% 30/360 540,000 12/31/2016 6/30/2017 0.009,150.009,150.0010.0000%
CAD Bond PATIENT HOME MONITORING Dec 19 7.5% ACT/ACT 521,000 12/31/2016 6/30/2017 0.006,476.526,476.527.5000%
CAD Bond TRANSGLOBE ENERGY CORP Mar 17 6% act/act 120,000 9/30/2016 3/31/2017 0.003,006.593,006.596.0000%
CAD Bond Yellow Pages Digital & M 8% 11/30/2022 act/act 120,000 11/30/2016 5/31/2017 0.002,400.002,400.008.0000%
Bond 0.0061,791.84Total 61,791.84
CAD 0.00Total 61,791.84 61,791.84
Bank of Montreal Prime Brokerage 61,791.84Total
Grand Total for Long: 61,791.84
Grand Total for Short: 0.00
12:58:324/20/2017 Page 1 of 1PFS-PAXUS
Currency CADBOND INCOME REPORT BETWEEN FEBRUARY 01, 2017 AND FEBRUARY 28, 2017
Demo Long Short Fund LP
Security Type Start Accrual End Accrual Movement Interest Income Income Local CcyWithholding Tax
FCYCcy
Bank of Montreal Prime BrokerageBond 1,031.82 1,934.67 0.00 902.85902.85 0.00CAD5N PLUS INC Jun 19 5.75%
Bond 28,664.94 37,295.24 0.00 8,630.308,630.30 0.00CADCENTRIC HEALTH CORP Oct 17 6.75%
Bond 9,571.82 61.14 -11,250.00 1,739.321,739.32 0.00CADCHEMTRADE LOGISTICS INC 5% 08/31/2023
Bond 782.76 1,467.68 0.00 684.92684.92 0.00CADCHEMTRADE LOGISTICS INC Dec 18 5.75%
Bond 4,650.00 9,150.00 0.00 4,500.004,500.00 0.00CADNYX GAMING GROUP LTD Dec 19 10%
Bond 3,454.14 6,476.52 0.00 3,022.383,022.38 0.00CADPATIENT HOME MONITORING Dec 19 7.5%
Bond 2,452.75 3,006.59 0.00 553.85553.85 0.00CADTRANSGLOBE ENERGY CORP Mar 17 6%
Bond 1,661.54 2,400.00 0.00 738.46738.46 0.00CADYellow Pages Digital & M 8% 11/30/2022
61,791.8452,269.78 -11,250.00 20,772.07 20,772.07 0.00Total for Bond - CAD
20,772.07Total for Bond
20,772.07Total for Bank of Montreal Prime Brokerage
20,772.07Grand total
4/20/2017 12:58:33 Page 1 of 1PFS-PAXUS
Demo Long Short Fund LP
As of 2/28/2017MANAGEMENT FEES
Series Investment manager CCY Calculated assetbase
Fee percentFee applicationTotal fee amountfor period
BasePE Catch-upamount
Class Trust - A, Series 2017-02 Demo Asset Management Inc. CAD 0.18833333Valuation periodEnd183.9397,661.43
Class F, Series 2017-02 Demo Asset Management Inc. CAD 0.09416667Valuation periodEnd4.654,932.80
Class A, Series 2017-02 Demo Asset Management Inc. CAD 0.18833333Valuation periodEnd1,198.42636,330.56
Class Trust - F, Series 2014-06 (InitialSeries)
Demo Asset Management Inc. CAD 0.09416667Valuation periodEnd35,593.8037,798,730.88
Class Trust - A, Series 2014-06 (InitialSeries)
Demo Asset Management Inc. CAD 0.18833333Valuation periodEnd15,229.978,086,708.46
Class A, Series 2013-11 (Initial Series) Demo Asset Management Inc. CAD 0.18833333Valuation periodEnd12,145.716,449,051.68
Class F, Series 2012-08 (Initial Series) Demo Asset Management Inc. CAD 0.09416667Valuation periodEnd20,944.5922,242,038.61
Class Trust - F, Series 2017-02 Demo Asset Management Inc. CAD 0.09416667Valuation periodEnd1,591.401,689,984.55
Totals 86,892.470.0077,005,438.97
4/20/2017 12:58:33 Page 1 of 1PFS-PAXUS
For period ending 2/28/2017ADMINISTRATION FEESDemo Long Short Fund LP
Company Fee in Fund CCYCalculated Asset Base Fee in Payment CCY
Demo Long Short Fund LP CAD CAD CAD4,616.92 4,616.9278,058,482.86
78,058,482.86 CAD 4,616.92 CAD
Terms used to calculate the above fee amounts
CAD
Opening + capital movements
Minimum charge per period:
Previous valuation date:
Fee terms valid from:
CADAssets - Assets - CAD
Asset Tiers
TierTier Fee %Fee %
0.00659166550,000,000 61
0.0047083333 72
83
94
105
1,695.00
31 January, 2017
01 January, 2016
Pinnacle Fund ServicesAdministrator:
Base:
Payment frequency:
Period calculation:
Tier method:
Monthly
Fractional
Bracket
4/20/2017 Page 1 of 112:58:33 PFS-PAXUS
PERFORMANCE FEES CALCULATION AS OF 2/28/2017 (% OF PROFITS FORMAT) CADLocal Currency:
Demo Long Short Fund LP
HWMSet
HurdleAmount
ProfitAllocation
Hurdle Rate Start VSHWM
PerformanceProfits
End VSHWM
Total FeeAccrued
Series FeeAccrued
Fee%
-129,471.290.000.000.00-29,462.920.00-100,008.37Class A, Series 2013-11 (Initial Series) No20.00%
-9,867.860.000.000.000.000.00-9,867.86Class A, Series 2017-02 No20.00%
Class A, Series 2017-03 Yes20.00%
-404,241.300.000.000.00-80,268.490.00-323,972.82Class F, Series 2012-08 (Initial Series) No10.00%
-71.850.000.000.000.000.00-71.85Class F, Series 2017-02 No10.00%
Class F, Series 2017-03 Yes10.00%
-164,332.500.000.000.00-38,264.580.00-126,067.93Class Trust - A, Series 2014-06 (Initial Series) No20.00%
-1,522.500.000.000.000.000.00-1,522.50Class Trust - A, Series 2017-02 No20.00%
Class Trust - A, Series 2017-03 Yes20.00%
-696,241.620.000.000.00-142,571.260.00-553,670.37Class Trust - F, Series 2014-06 (Initial Series) No20.00%
-24,754.650.000.000.000.000.00-24,754.65Class Trust - F, Series 2017-02 No20.00%
Class Trust - F, Series 2017-03 Yes20.00%
CAD Totals 0.00 -290,567.25 0.00 0.00 0.00 -1,430,503.57-1,139,936.35
12:58:334/20/2017 Page 1 of 1PFS-PAXUS
Demo Long Short Fund LP
Local currency :CAD
SECURITIES PROFIT AND LOSS COMBINED FOR THE PERIOD January 31, 2017 to February 28, 2017
DividendExpense
DividendIncome
BondIncome
UnrealisedFX Gain
UnrealisedRealisedFX Gain
RealisedSecurity Total
EA Group: <ALL>
Counterpart: BMO PB
Security Type: Bond
2,181.750.000.00902.850.001,278.900.000.005N PLUS INC Jun 19 5.75%
921.290.000.000.000.00-3,838.710.004,760.00BMO BANK LOAN - 02/13/17
6,210.000.000.000.000.00-7,590.000.0013,800.00BMO BANK LOAN - 02/28/17
4,812.490.000.000.000.004,812.490.000.00BMO BANK LOAN - 03/14/17
1,715.180.000.000.000.001,715.180.000.00BMO BANK LOAN - 03/15/17
0.000.000.000.000.000.000.000.00BMO BANK LOAN - 03/31/17
8,630.300.000.008,630.300.000.000.000.00CENTRIC HEALTH CORP Oct 17 6.75%
5,361.820.000.001,739.320.003,622.500.000.00CHEMTRADE LOGISTICS INC 5% 08/31/2023
777.320.000.00684.920.0092.400.000.00CHEMTRADE LOGISTICS INC Dec 18 5.75%
0.000.000.000.000.000.000.000.00LOYALIST CONV DEBT 7.5% DUE 11/30/18
2,448.010.000.004,500.000.00-2,051.990.000.00NYX GAMING GROUP LTD Dec 19 10%
14,145.730.000.003,022.380.0011,123.350.000.00PATIENT HOME MONITORING Dec 19 7.5%
913.850.000.00553.850.00360.000.000.00TRANSGLOBE ENERGY CORP Mar 17 6%
-20,261.540.000.00738.460.00-21,000.000.000.00Yellow Pages Digital & M 8% 11/30/2022
20,772.070.00-11,475.880.0018,560.00Total for Bond : 0.00 0.00 27,856.19
Security Type: Equity
-8,064.00-837.900.000.000.00-8,064.000.000.00A&W REVENUE ROYALTIES IN-UTS
16,599.010.000.000.000.0016,599.010.000.00ADVANTAGE OIL & GAS LTD
-486.410.000.000.000.00-34,035.010.0033,548.60AECON GROUP INC
4,746.230.001,498.260.000.003,247.970.000.00AGELLAN COMMERCIAL REAL ESTATE
10,675.200.000.000.000.0010,675.200.000.00AGT FOOD & INGREDIENTS INC
345.000.000.000.000.00345.000.000.00AIR CANADA
-15,440.640.000.000.000.00-15,440.640.000.00ALIMENTATION COUCHE-TARD INC
60,738.120.00935.980.009,300.5236,442.51-2,294.3616,353.46ALLERGAN INC
-8,189.16-1,224.000.000.000.00-3,110.600.00-5,078.56ALLIED PROPERTIES REAL ESTAT
21,797.360.000.000.005,942.6612,811.81-2,175.955,218.84ALPHABET INC CL C
63,211.280.000.000.0023,545.1939,666.090.000.00AMAZON.COM INC (US)
-22,457.080.000.000.006,805.36-29,262.430.000.00ARRIS INTERNATIONAL PLC
-12,575.930.000.000.00-2,578.84-5,034.16-354.48-4,608.45ASBURY AUTOMOTIVE GROUP
5,544.010.000.000.000.005,544.010.000.00ATCO LTD/CANADA
-9,328.140.000.000.000.00-9,328.140.000.00ATHABASCA OIL CORP
43,727.410.000.000.00-7,016.2050,743.610.000.00AUTONATION INC
-2,945.870.000.000.000.009,570.980.00-12,516.85AVIGILON CORP
-21,346.670.000.000.00-6,954.06-14,392.610.000.00BANCORPSOUTH INC
4,559.830.000.000.000.00-3,041.000.007,600.83BANK OF MONTREAL
-11,677.310.000.000.000.0048,989.460.00-60,666.77BANK OF NOVA SCOTIA/THE
11,018.710.000.000.0013,253.05-2,234.340.000.00BANK OF THE OZARKS
12:58:444/20/2017 Page 1 of 8PFS-PAXUS
Period: to 2/28/20172/1/2017SECURITIES REALISED PROFIT AND LOSS
Include profit adjustment: Yes
DealRef
FX GainLCY
RealisedLCY
RealisedFCY
Gross AmountLCY
Gross AmountFCY
Closing PriceShares Cost Price Total GainLCY
Demo Long Short Fund LP
Security (Identifier)Settle.Date
TradeDate
<ALL>Equity attribution group:
Counterpart: Bank of Montreal Prime Brokerage
CAD BondSecurity type:
S76078 4,760.004,760.003,500,000.003,500,000.003,500,000.000000 99.86 100.000000 4,760.00BMO BANK LOAN - 02/13/17 (T:BMO02/13/17)
2/13/20172/13/2017
S76077 13,800.0013,800.0010,000,000.0010,000,000.0010,000,000.000000 99.86 100.000000 13,800.00BMO BANK LOAN - 02/28/17 (T:BMO02/28/17)
2/28/20172/28/2017
Total for CAD Bond 0.0018,560.0018,560.0013,500,000.0013,500,000.00 18,560.00
Total for Bond 0.0018,560.0013,500,000.00 18,560.00
CAD EquitySecurity type:
S76149 31,798.6031,798.60405,638.59405,638.5925,100.000000 14.89 16.160900 31,798.60AECON GROUP INC (T:ARE CN)2/14/20172/9/2017
S77286 1,750.001,750.00588,000.00588,000.0035,000.000000 16.75 16.800000 1,750.00AECON GROUP INC (T:ARE CN)2/24/20172/21/2017
S77506 -5,078.56-5,078.56-223,663.23-223,663.23-6,300.000000 34.70 35.502100 -5,078.56ALLIED PROPERTIES REAL ESTAT(T:AP-U)
2/28/20172/23/2017
S76153 -12,516.85-12,516.85-88,023.87-88,023.87-5,900.000000 12.80 14.919300 -12,516.85AVIGILON CORP (T:AVO)2/14/20172/9/2017
S77927 4,626.214,626.21132,126.21132,126.215,100.000000 25.00 25.907100 4,626.21BANK OF MONTREAL (T:BMO 4.85)3/3/20172/28/2017
S77925 2,974.622,974.6285,474.6285,474.623,300.000000 25.00 25.901400 2,974.62BANK OF MONTREAL (T:BMO 4.85)3/3/20172/28/2017
S77769 -10,219.75-10,219.75-80,415.00-80,415.00-1,000.000000 70.20 80.415000 -10,219.75BANK OF NOVA SCOTIA/THE (T:BNSCN)
3/2/20172/27/2017
S77767 -50,447.02-50,447.02-415,462.32-415,462.32-5,200.000000 70.20 79.896600 -50,447.02BANK OF NOVA SCOTIA/THE (T:BNSCN)
3/2/20172/27/2017
S75936 -33,309.25-33,309.25138,465.00138,465.0018,100.000000 9.49 7.650000 -33,309.25BIRCHCLIFF ENERGY LTD (T:BIR CN)2/9/20172/6/2017
S77510 -2,196.77-2,196.77157,600.00157,600.00800.000000 199.75 197.000000 -2,196.77CANADIAN PACIFIC RAILWAY LTD(T:CP CN)
2/28/20172/23/2017
S75975 -150.73-150.73-30,096.60-30,096.60-2,000.000000 14.97 15.048300 -150.73CANFOR CORP (T:CFP CN)2/10/20172/7/2017
S76162 -7.49-7.49-82.35-82.35-5.000000 14.97 16.469800 -7.49CANFOR CORP (T:CFP CN)2/14/20172/9/2017
S76159 -17,690.20-17,690.20-270,657.90-270,657.90-16,895.000000 14.97 16.020000 -17,690.20CANFOR CORP (T:CFP CN)2/14/20172/9/2017
S76762 21,957.5921,957.59189,744.48189,744.4813,800.000000 12.16 13.749600 21,957.59CASCADES INC (T:CAS CA)2/21/20172/15/2017
S77074 12,913.5512,913.5596,807.0096,807.006,900.000000 12.16 14.030000 12,913.55CASCADES INC (T:CAS CA)2/23/20172/17/2017
S77514 14,547.1614,547.16119,110.00119,110.008,600.000000 12.16 13.850000 14,547.16CASCADES INC (T:CAS CA)2/28/20172/23/2017
S76764 15,901.6415,901.64-236,086.00-236,086.00-400.000000 629.97 590.215000 15,901.64CONSTELLATION SOFTWARE INC(T:CSU)
2/21/20172/15/2017
S77034 2,123.642,123.64-76,622.50-76,622.50-125.000000 629.97 612.980000 2,123.64CONSTELLATION SOFTWARE INC(T:CSU)
2/22/20172/16/2017
S76415 54,012.9254,012.92388,602.00388,602.0020,000.000000 16.73 19.430100 54,012.92DETOUR GOLD CORP (T:DGC CN)2/16/20172/13/2017
S77036 -5,607.01-5,607.01-158,574.00-158,574.00-2,600.000000 58.83 60.990000 -5,607.01EQUITABLE GROUP INC (T:EQB)2/22/20172/16/2017
S77080 -6,452.54-6,452.54-71,169.34-71,169.34-1,100.000000 58.83 64.699400 -6,452.54EQUITABLE GROUP INC (T:EQB)2/23/20172/17/2017
S76772 -13,205.76-13,205.76-320,733.49-320,733.49-12,100.000000 25.42 26.506900 -13,205.76FINNING INTERNATIONAL INC (T:FTT)2/21/20172/15/2017
S75917 12,091.6712,091.67104,000.00104,000.0010,000.000000 9.19 10.400000 12,091.67HUDSON'S BAY CO (T:HBC)2/8/20172/3/2017
S76475 21,156.3721,156.3782,734.9582,734.956,700.000000 9.19 12.348500 21,156.37HUDSON'S BAY CO (T:HBC)2/17/20172/14/2017
S77519 22,708.0922,708.0984,286.6784,286.676,700.000000 9.19 12.580100 22,708.09HUDSON'S BAY CO (T:HBC)2/28/20172/23/2017
S77660 30,249.6730,249.67122,158.00122,158.0010,000.000000 9.19 12.215800 30,249.67HUDSON'S BAY CO (T:HBC)3/1/20172/24/2017
S76172 -589.94-589.94-24,050.00-24,050.00-1,000.000000 23.46 24.050000 -589.94HYDRO ONE LTD (T:H)2/14/20172/9/2017
S76279 -7,047.43-7,047.43-149,988.01-149,988.01-3,700.000000 38.63 40.537300 -7,047.43IGM FINANCIAL INC (T:IGM CN)2/15/20172/10/2017
S77042 33,510.2533,510.25187,512.00187,512.0010,400.000000 14.81 18.030000 33,510.25INTERFOR CORP (T:IFP CN)2/22/20172/16/2017
S77523 26,569.1926,569.19131,705.00131,705.007,100.000000 14.81 18.550000 26,569.19INTERFOR CORP (T:IFP CN)2/28/20172/23/2017
S77779 21,294.9721,294.97124,950.00124,950.007,000.000000 14.81 17.850000 21,294.97INTERFOR CORP (T:IFP CN)3/2/20172/27/2017
S75788 2,947.072,947.0774,186.0074,186.009,800.000000 7.27 7.570000 2,947.07INTERRENT REAL ESTATE INVEST(T:IIP-U)
2/6/20172/1/2017
4/20/2017 12:58:46 Page 1 of 6PFS-PAXUS
Demo Long Short Fund LP
Security/Category End MV % Period Perf. Sector
PERFORMANCE ATTRIBUTION FROM 2/1/2017 TO 2/28/2017
Long Positions0.001DGC CN 03 Feb 17 C16 .00 -.02 Basic Materials
2,680.001XIU CN 03 Mar 17 C23 .00 -.01 Funds
190,068.905N PLUS INC Jun 19 5.75% .25 .00 Basic Materials
0.00AECON GROUP INC .00 -.00 Industrial
265,872.00AGELLAN COMMERCIAL REAL ESTATE .35 .01 Financial
461,610.00AIR CANADA .60 .00 Consumer, Cyclical
377,984.00ALIMENTATION COUCHE-TARD INC .49 -.02 Consumer, Cyclical
390,134.69ALLERGAN INC .51 .07 Consumer, Non-cyclical
0.00ALPHABET INC CL C .00 .02 Technology
1,318,699.71AMAZON.COM INC (US) 1.71 .05 Communications
675.00AP CN 17 Mar 17 P34 .00 -.00 Financial
322,278.07ARRIS INTERNATIONAL PLC .42 -.04 Communications
0.00ATD CN 17 Feb 17 C62 .00 -.00 Consumer, Cyclical
438,709.00ATHABASCA OIL CORP .57 -.01 Energy
387,400.00BANK OF MONTREAL .50 .01 Financial
690,525.67BANK OF THE OZARKS .90 -.00 Financial
362,738.64BARRICK GOLD CORP (US) .47 .02 Basic Materials
5,312.40BBRY US 03 Mar 17 P7 .01 -.00 Technology
0.00BBRY US 17 Feb 17 C7.5 .00 -.00 Technology
0.00BCB CN 17 Feb 17 C15 .00 -.00 Consumer, Non-cyclical
2,714.00BCB CN 17 Mar 17 C15 .00 -.01 Consumer, Non-cyclical
495.00BCB CN 17 Mar 17 C16 .00 -.00 Consumer, Non-cyclical
0.00BIRCHCLIFF ENERGY LTD .00 -.01 Energy
1,971,654.76BLACKBERRY LTD (US) 2.56 -.04 Technology
0.00BMO BANK LOAN - 02/13/17 .00 .00
0.00BMO BANK LOAN - 02/28/17 .00 .01
7,497,637.50BMO BANK LOAN - 03/14/17 9.75 .01
5,248,407.68BMO BANK LOAN - 03/15/17 6.82 .00
9,993,200.00BMO BANK LOAN - 03/31/17 12.99 .00
710,187.50BNK PETROLEUM INC .92 -.05 Energy
1,009,359.00BOYD GROUP INCOME FUND 1.31 .03 Consumer, Non-cyclical
221,255.00BRP INC/CA- SUB VOTING .29 -.00 Consumer, Cyclical
581,434.21CABLE ONE INC .76 .00 Communications
762,177.00CANADIAN PACIFIC RAILWAY LTD .99 -.01 Industrial
209,280.00CANAM GROUP INC .27 -.01 Basic Materials
243,530.00CANFOR CORP .32 .01 Basic Materials
345,024.00CANWEL BUILDING MATERIALS GROU .45 .01 Consumer, Cyclical
2,141,300.00CARGOJET INC 2.78 .08 Industrial
0.00CASCADES INC .00 .06 Basic Materials
1,526,633.95CASELLA WASTE SYSTEMS INC-A 1.98 .02 Industrial
514,930.93CATCHMARK TIMBER TRUST INC-A .67 .01 Financial
1,661,265.00CENTRIC HEALTH CORP Oct 17 6.75% 2.16 .01 Consumer, Non-cyclical
26,000.00CFP CN 17 Mar 17 C16 .03 .02 Basic Materials
464,827.50CHEMTRADE LOGISTICS INC 5% 08/31/2023 .60 .01
158,712.40CHEMTRADE LOGISTICS INC Dec 18 5.75% .21 .00 Industrial
1,177,605.00CHORUS AVIATION INC 1.53 .04 Consumer, Cyclical
328,832.25CIENA CORP .43 .03 Communications
406,953.75COMERICA INC .53 .03 Financial
447,094.24COSTCO WHOLESALE CORP .58 .04 Consumer, Cyclical
368.00CPG CN 17 Mar 17 C16 .00 -.00 Energy
3,167.52CWST US 17 Mar 17 C12.5 .00 -.00 Industrial
9,450.00D CN 17 Mar 17 P20 .01 .01 Financial
0.00DAL US 03 Feb 17 C48 .00 -.01 Consumer, Cyclical
0.00DETOUR GOLD CORP .00 .07 Basic Materials
282,443.00DIVERSIFIED ROYALTY CORP .37 -.00 Industrial
535,671.00DOMINION DIAMOND CORP .70 -.11 Basic Materials
348,090.00DREAM INDUSTRIAL REAL ESTATE .45 -.00 Financial
224,523.00ENBRIDGE INC PFD CONVERTIBLE T .29 .00 Energy
Report shows the contribution, in percentage terms, of each line item to the total performance of the fund.I.E. Contribution = [line item profits / fund starting capital in the period] * 100.
4/20/2017 12:58:52 Page 1 of 6PFS-PAXUS
Demo Long Short Fund LP
Security/Category End MV % Period Perf. Sector
PERFORMANCE ATTRIBUTION FROM 2/1/2017 TO 2/28/2017
Short Positions-312,910.99JB HUNT TRANSPORT SERVICES INC -.41 .00 Industrial
0.00LOUISIANA-PACIFIC CORP (US) .00 -.01 Industrial
-266,681.15LOWE'S COS INC -.35 -.01 Consumer, Cyclical
0.00METRO INC .00 -.01 Consumer, Non-cyclical
-333,376.00MTY FOOD GROUP INC -.43 -.04 Consumer, Cyclical
-278,032.42MURPHY OIL CORP -.36 -.00 Energy
0.00NAK US 17 Feb 17 C1 .00 .06 Basic Materials
0.00NEWELL BRANDS INC .00 -.02 Consumer, Cyclical
0.00NPI CN 17 Feb 17 P22 .00 .00 Utilities
0.00OASIS PETROLEUM INC .00 .00 Energy
-293,244.48PEOPLE'S UNITED FINANCIAL -.38 -.01 Financial
-285,390.00PEYTO EXPLORATION & DEVELOPMEN -.37 .01 Energy
-147,117.62POLARIS INDUSTRIES INC -.19 -.00 Consumer, Cyclical
-1,571,202.73POWERSHARES QQQ TRUST SERIES 1 -2.04 -.09 Funds
-387,040.21PROCTER & GAMBLE CO/THE -.50 -.03 Consumer, Non-cyclical
0.00RJF US 17 Feb 17 C77.5 .00 .01 Financial
-279,792.00ROYAL BANK OF CANADA -.36 -.01 Financial
-339,832.90SALLY BEAUTY HOLDINGS INC -.44 .02 Consumer, Cyclical
-1,200,710.64SPDR Bloomberg Barclays High Y: -1.56 -.02
-1,491,686.06SPDR DOW JONES INDUSTRIAL AVER -1.94 -.10 Funds
-2,826,860.85SPDR S&P 500 ETF TRUST -3.68 -.14 Funds
0.00SPY US 17 Feb 17 P204 .00 .00 Funds
-3,346.81SPY US 17 Mar 17 P210 -.00 .02 Funds
-405,230.00SUNCOR ENERGY INC -.53 -.01 Energy
-224,744.00TELUS CORP -.29 .00 Communications
-151,682.30TEXAS ROADHOUSE INC -.20 .02 Consumer, Cyclical
-493,488.00TFI INTERNATIONAL INC (CT) -.64 .04 Industrial
-179,712.00THOMSON REUTERS CORP -.23 .01 Communications
-268,714.00TOROMONT INDUSTRIES LTD -.35 -.03 Industrial
-556,125.00TRANSALTA RENEWABLES INC -.72 -.00 Energy
-254,506.46TRUSTMARK CORP -.33 .00 Financial
-195,411.32UNITED STATES STEEL CORP (US) -.25 -.01 Basic Materials
0.00URTHECAST CORP .00 .01 Communications
-661,257.01WELLS FARGO & CO -.86 -.03 Financial
0.00WEST FRASER TIMBER CO LTD .00 .04 Basic Materials
0.00WY US 17 Feb 17 C32 .00 .02 Financial
0.00XLF US 17 Feb 17 C24 .00 .00 Funds
-.60Short positions total -27,786,577.70 -36.12
-1.53Securities total 66,896,975.41 86.97
Other ItemsN/AAdministration fees -.01 N/A
N/AAudit fees -.01 N/A
N/ABank charges -.00 N/A
N/AFinancial statement fees -.00 N/A
N/AGovernment Fees -.00 N/A
N/AInterest earned - bonds (manual entry) -.00 N/A
N/AInterest income - cash balances .00 N/A
N/AManagement fee -.11 N/A
N/AMiscellaneous expenses -.00 N/A
N/ARealised gain/loss fx spot -.00 N/A
N/AStock Loan Fees -.01 N/A
N/ATax fees .00 N/A
N/AUnrealised FX gain/loss - balance sheet .10 N/A
N/AUnrealised FX gain/loss on securities .11 N/A
Report shows the contribution, in percentage terms, of each line item to the total performance of the fund.I.E. Contribution = [line item profits / fund starting capital in the period] * 100.
4/20/2017 12:58:52 Page 5 of 6PFS-PAXUS
SECURITIES PRICE MOVEMENT
%Movement
Current priceCcy Currentdate
Previous periodprice
Security Identifier Type Previousperioddate
As of: 12/31/2016
Test Fund - Multi Series
Only show if tolerance exceeded:
Trade price:
Previous value date:
Price type:
11/30/2016
Accounting Prices
No
No
Test Fund - Multi Series
Equity 70.29CAD 2/10/2016 2/10/2016(F,U,B) (F,U,B)70.29 0.0000%BANK OF MONTREAL (CN) BBG000BXSQ97
Equity 14.87CAD 2/10/2016 2/10/2016(F,U,B) (F,U,B)14.87 0.0000%CAMECO CORP BBG000BXYMJ8
Weather Derivative Swap -137,000.00USD 1/31/2016 1/31/2016(F,C,M) (F,C,M)-137,000.00 0.0000%Test - Weather Derivative Swap
10/15/2017 16:10:39 Page 1 of 1PFS-PAXUS
Counterpart
2/1/2017 2/28/2017
2/1/2017 2/28/2017Demo Long Short Fund LP
DealNumber
SettlementDate
TradeDate
RealisedProfit
FX TRANSACTIONS
RealisedProfit LCY
Real.CCY
RealisedRate
DealRate
SellAmount
BuyAmount
SellCCY
BuyCCY
S/F
-Trade date range
Settlement date range -
2/15/20172/15/2017F405 -20.44CAD -20.441.30750000001.29820099372,197.88USD2,853.29CADBMO PB S
2/15/20172/15/2017F406 -14.59CAD -14.591.30750000001.29819920321,568.75USD2,036.55CADBMO PB S
2/22/20172/22/2017F414 -33.64CAD -33.641.31440000001.30470011533,468.00USD4,524.70CADBMO PB S
Grand total -68.67
4/20/2017 Page 1 of 112:58:52 PFS-PAXUS
Demo Long Short Fund LP
Currency: CAD
Current rate company Previousperiod date
Previousperiod rate
Current dateCurrent rateCurrency % Movement
FOREIGN EXCHANGE RATE MOVEMENTS AS OF 2/28/2017
2.0673%1/31/20171.30122/28/20171.3281USDAll Counterparts
0.0000%1/31/20171.002/28/20171.00CADDemo Long Short Fund LP
Page 1 of 14/20/2017 12:58:53 PFS-PAXUS