This communication is for informational purposes only and is not intended to provide legal, accounting, tax, investment, financial or other advice and such information should not be relied upon for providing such advice. Professional legal, accounting, tax and investment advice regarding an individual’s particular investment needs and circumstances should be obtained prior to pursuing any of the planning ideas discussed herein. Reasonable efforts have been made to ensure that the information contained herein is accurate, complete and up-to-date however the information is subject to change without notice. The communication may contain forward-looking statements which are not guarantees of future performance.  Forward-looking statements involve inherent risk and uncertainties, so it is possible that predictions, forecasts, projections and other forward-looking statements will not be achieved.   All opinions in forward-looking statements are subject to change without notice and are provided in good faith. Past performance does not guarantee future results. Cumberland Private Wealth may engage in trading strategies or hold long or short positions in any of the securities discussed in this communication and may alter such trading strategies or unwind such positions at any time without notice or liability. NCM Asset Management Ltd. (NCM) is the Investment Fund Manager and Cumberland Investment Counsel Inc. (CIC) is the sub-advisor to the Kipling and NCM Funds. CIC is also the sub-advisor to certain Cumberland Private Wealth Management Inc.(CPWM) strategies. CPWM, CIC and NCM are under the common ownership of Cumberland Partners Ltd. Please contact your Portfolio Manager and refer to the offering documents for additional information.