Mandate

Introduced over 11 years ago, the Temple Mortgage Fund's objective is to achieve as high a level of current return as is consistent with the preservation of capital. The Fund intends to obtain its objective by primarily investing directly, or indirectly, in first position mortgages:

• In the Turks & Caicos Islands
• Maximum of 3 year loan term
• Maximum of 70% loan to appraised value

All mortgage titles are guaranteed by the Government, and all loans are under a mandatory obligation to carry full insurance coverage from an insurer deemed acceptable by the Fund Manager.  The Fund is audited annually.

Investor's principal is further protected through a fully segregated reserve account.  The Fund is uniquely engineered to protect investors from adverse changes in the interest rate market by maintaining the unit value at a constant $10.00. This type of capital preservation safety measure is not found in typical fixed income investment vehicles.  Returns accrue daily and are issued, through the distribution of units, on a quarterly basis.

The Mortgage Fund is designed for investors seeking high yield returns over a mid to long term horizon, and who have very low to no tolerance for loss of principal.

Historical Return (as at 06/30/07)

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