The following Website terms of use (the “Terms”) govern the relationship between you and RP Investment Advisors LP (“RPIA”) and its affiliates and related entities (“we”, “our” or “us”) and governs your use of our website and its content (collectively, the “Website”).

By accessing the Website, you acknowledge these Terms and agree to be bound by them. If you do not agree to these Terms, you are not permitted to access the Website and must not access the Website. We reserve the right, in our sole discretion, to modify, alter or otherwise update these Terms at any time and you agree to review the Terms regularly, and your continued access or use of the Website will mean that you agree to any changes.

We may terminate, change, suspend or discontinue any aspect of the Website, including the availability of any feature, at any time. We may also impose limits on certain features or restrict your access to parts or all of the Website without notice or liability. We may terminate the authorization, rights and license given in these Terms and, upon such termination, you shall immediately destroy all information and materials obtained by you from the Website.

A. Use of Website

We are not responsible in any manner for any damages, losses or expenses (including direct, indirect, special, consequential, incidental or punitive damages), however caused, arising directly or indirectly out of your use of the Website and/or any web browser or your inability to use the Website, or any error, omission, interruption, defect, delay, computer virus, system failure, loss of data or otherwise, including any damages you may suffer if you transmit confidential or sensitive information to us or if we communicate such information to you at your request over the Internet, even if we or our representatives are advised of the possibility of such damages, losses or expenses. To the extent permitted by applicable law, you agree to indemnify us against any and all liability resulting from any claims arising in relation to your use of the Website.

The Website is provided on an “as is” basis and we do not make any express or implied representations, warranties, endorsements or conditions with respect to the Website or any of its contents, including without limitation, any warranties or conditions as to merchantability, operation, non-infringement, usefulness, completeness, accuracy, currency, reliability and fitness for a particular purpose. Further, we do not represent or warrant that the Website will be available and meet your requirements, that access will be uninterrupted, that there will be no delays, difficulties in use, defects, incompatibility, failures, errors, omissions or loss of transmitted information, that no viruses or other contaminating or destructive properties will be transmitted or that no damage will occur to your computer system. Any implied warranties, statutory or otherwise, on any such matters are hereby expressly excluded to the full extent permitted by applicable law. In accessing the Website you have sole responsibility for taking protection and backup of data and/or equipment and for taking reasonable and appropriate precautions to scan for computer viruses or other destructive properties.

B. NON-CANADIAN INVESTORS

The information contained herein does not constitute an offer or solicitation to anyone in the United States or in any other jurisdiction in which such an 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 contact their financial advisor to determine whether securities of the RPIA funds or strategies referred to in this website may be lawfully in their jurisdiction.

C. THIRD-PARTY SITES

Websites accessed by hyperlink appearing from the Website are for convenience only and are to be used at your own risk. No endorsement of any third party products, services or information is expressed or implied by any information, material or content referred to or included on, or linked from or to this Website. We do not review or control, and are not responsible for, any websites linked from or linking to the Website, the content of those websites, the privacy practices or security standards of those websites, the third parties named therein, or their products or services.

D. TRADEMARKS AND COPYRIGHTS

Certain names, words, titles, phrases, logos, icons, graphics or designs in the pages of the Website may constitute trade names, registered or unregistered trade-marks or service marks (“Trade-marks”) of RPIA or other third parties.

All information in the Website is protected under the copyright laws of Canada and/or other countries. Users of the Website shall be entitled to a single copy of any information for their own personal use but may not republish or reproduce any such information in any manner, including electronic reproduction by “uploading” or “downloading” or “mirroring”, without the prior written consent of RPIA. Except as provided above, no one has permission to copy, display, distribute, download, license, modify, publish, repost, reproduce, reuse, sell, republish, use to create derivative work or otherwise use for public or commercial purposes in any form, any information found on the Website. Any unauthorized downloading, re-transmission, or other copying or modification of Trade-marks or other contents of the Website may be a violation of statutory or common law rights which could subject the violator to legal action.

Trademarks that are not the property of RPIA remain the property of each respective owners and are used for illustrative purposes only.

E. INFORMATION PRESENTED ON THE WEBSITE

The information presented on the Website, including written commentaries and audio recordings of quarterly calls and other commentary is for informational purposes only. It does not provide financial, legal, accounting, tax, investment or other advice, and should not be acted or relied upon in that regard without seeking the appropriate professional advice. Always consult with your licensed and registered investment advisor before making any investment decision.

The information is drawn from sources believed to be reliable, but the accuracy or completeness of the information is not guaranteed, nor in providing it does RPIA assume any responsibility or liability whatsoever. The information provided may be subject to change and RPIA does not undertake any obligation to communicate revisions or updates to the information presented. Unless otherwise stated, the source for all data cited is RPIA.

Any “forward-looking” statements contained in this Website represent RPIA’s views of possible future events or circumstances and are based on our observations and analysis of current events and trends. These statements are generally expressed in the future tense and may not be expressly identified as forward-looking statements. Forward-looking statements are based on assumptions made by RPIA regarding our beliefs and opinions, and are subject to a number of mitigating factors. Forward-looking statements may prove to be incorrect. Economic and market conditions may change, which may materially impact the views of RPIA, our actual course of conduct and the success of our intended investment strategies.

Nothing contained in this Website forms the basis of any offer or solicitation for the purchase or sale of securities. Products and services of RPIA are only available in jurisdictions where they may be lawfully offered. All products and services are subject to the terms of its applicable agreement. Information on securities held by RPIA strategies should not be considered a recommendation to buy or sell a particular security. Specific securities noted are for illustrative purposes only. The strategies or funds may purchase and sell securities at any time and securities held may increase or decrease in value after the date presented. Target Returns represents RPIA’s annualized investment return objective for each applicable strategy or fund, does not imply actual future performance and may be revised at the discretion of RPIA and without prior notice.

1. Alternative Strategies

Investments in RP Fixed Income Plus, RP Debt Opportunities and RP Select Opportunities are offered to Canadian investors pursuant to prospectus exemptions in all applicable Canadian jurisdictions to persons or entities that meet the applicable eligibility requirements in each respective jurisdiction, as defined in National Instrument 45-106.  Commissions, trailing commissions, management fees and expenses all may be associated with investments in these funds. Please read the offering memorandum of each applicable fund before investing. The portfolio characteristics presented, including risk measures and holdings based data reflects that of the indicated RPIA strategy. Certain investment funds offered by RPIA in Canada may gain indirect strategy exposure by investing in units of applicable strategy feeder funds.

1.1. Strategy Performance

Performance data presented herein reflect stated strategy returns in Canadian dollars and is net of all fees and expenses. Actual returns may vary from one investor to the next in accordance with the terms of the governing documents of relevant entities. Past performance is not indicative of future performance and may not be repeated. Growth charts are used to illustrate the effects of a compound growth rate and is not intended to reflect future values of any RPIA strategy.

  • RP Debt Opportunities strategy returns are based on composite returns of RP Debt Opportunities Fund LP Class A and RP Debt Opportunities Fund Ltd. Class A, from October 2009 to July 2011 and RP Debt Opportunities Fund Ltd. Class A. from August 2011 onwards. (RP Debt Opportunities Fund LP was liquidated on July 31, 2011).
  • RP Select Opportunities strategy returns are based on the weighted-average composite return of a separately managed account utilizing a similar strategy from inception in April 2014 to June 2014, and then linked to the returns of RP Select Opportunities Class A thereafter.
  • RP Fixed Income Plus strategy returns are based on the weighted-average composite return of separately managed accounts utilizing a similar strategy from inception in July 2010 to April 2013 and linked to the returns of the RP Fixed Income Plus Fund Class A thereafter.

The performance comparisons presented are intended to illustrate the historical performance of the indicated strategies compared with that of a specified market index or blend of indices. The comparison is for illustrative purposes only and does not imply future performance. There are various differences between an index and an investment strategy or fund that could affect the performance and risk characteristics of each. Market indices are not directly investable and index performance does not account for fees, expense and taxes that might be applicable to an investment strategy or fund.

2. Liquid Alternative Fund

RP Strategic Income Plus Fund is a public mutual fund distributed pursuant to the prospectus requirements in National Instrument 81-101, and is subject to all applicable regulations including those set out in National Instrument 81-102. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The payment of distributions is not guaranteed, may fluctuate and does not infer performance, rate of return, or internal yield of the Fund. Always consult with your licensed and registered investment advisor before investing in mutual funds.

F. GENERAL

The Website is administered by RPIA from its offices in Canada. Except where prohibited by the laws of your jurisdiction, the Website will be governed by and construed in accordance with the laws of the Province of Ontario and the federal laws of Canada applicable therein, without regard to the principles of conflicts of law, and notwithstanding your domicile, residence or physical location. All disputes, controversies or claims arising out of or in connection with the Website or the Terms shall be submitted to and be subject to the exclusive jurisdiction of the courts of the Province of Ontario. You submit and attorn to the exclusive jurisdiction of the courts of the Province of Ontario to finally adjudicate or determine any suit, action or proceeding arising out of or in connection with the Website or the Terms.

If any provision of these Terms is found by a court of competent jurisdiction to be invalid, the parties agree that the court should endeavour to give effect to the parties’ intentions as reflected in the provision, and the other provisions of the Terms remain in full force and effect.

Any failure by us to exercise or enforce any right or provision of the Terms shall not constitute a waiver of such right or provision.

These Terms are not transferable by you in any way and may not be assigned to any third party without our prior written consent. No provision of these Terms provides any person or entity not a party to these Terms with any remedy, claim, liability, reimbursement, or cause of action or creates any other third party beneficiary rights.