Arcs of Fire Tactical Balanced Fund

September 25, 2018

Calgary, Alberta – September 25, 2018, Arcs of Fire Investments Inc., in consultation with NCM Asset Management Ltd. (the “Manager”), announces today that it has decided to terminate the Arcs of Fire Tactical Balanced Fund (the “Fund”) effective on or about November 30, 2018 (the “Effective Date”). Although the Fund is no longer accepting subscriptions, unitholders may continue to request redemptions
prior to the Effective Date.


In order to give effect to the termination, the Manager is going to liquidate the remaining assets of the Fund. Unitholders in the Fund on the Effective Date will receive a cash payment representing the net asset value of units on the Effective Date less any taxes required to be deducted.

Please direct any questions you have in connection with this termination to David Pierce (613) 222-8363.

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Notice to Reader:

Certain information set forth in this press release, including a discussion of future plans and operations, contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond management’s control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, environmental risks industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. Actual results, performance or achievement could differ from those expressed in or implied by these forward-looking statements.