The securities industry created some 30 years ago the Canadian Investor Protection Fund (CIPF) in order to ensure the protection of clients' assets in case of insolvency or bankruptcy of an investment dealer. CIPF is sponsored by Bourse de Montréal Inc., the TSX Group, TSX Venture Exchange Inc., and the Investment Dealers Association of Canada (IDA). It is financed through assessments paid by all Canadian approved participants of the Bourse and IDA members. Protection of clients assets (cash and securities) is subject to certain limits and conditions set by CIPF and market losses and fluctuations are not covered. The limit on the coverage provided for both the general and separate accounts of a client is CA$1,000,000, for any combination of cash and securities. However, if you have more than one account with a CIPF Member,coverage may be combined. To obtain the list of investment dealers participating in CIPF and more information on this organization and on the coverage it gives to client accounts, please visit its website at http://www.cipf.ca.