The objectives of ETF are to provide unitholders with (i) quarterly cash distributions, (ii) the opportunity for capital appreciation by investing on a capitalization-weighted basis in a portfolio (the CXF Portfolio) of Convertible Bonds of Canadian issuers. Inclusion of a Convertible Bond in the CXF Portfolio is based upon the following criteria: (i) minimum market capitalization outstanding of $50 million; (ii) minimum trailing 30 day avg daily volume traded of $150 thousand; (iii) publicly traded on a stock exchange in Canada; (iv) not currently in default of payment of interest or principal; (v) at least 31 days to maturity, provided that, to the extent that an index is developed and published which establishes criteria and methodologies, which are, in the opinion of the Manager, similar to that of the CXF, the Manager may decide, in its discretion, to track that index and invest pursuant to such index's methodology.