Current Investments

Pinnacle Wealth

PINNACLE PRIVATE MARKETS

The right fit matters.

When clients have the support they need, they make informed decisions. We offer curated private market investment opportunities spanning real estate, private credit, private equity, and more.

Avenue Living Real Estate Core Trust (the "Trust"), through its investment in Avenue Living (2014) LP (the "LP"), provides investors with the opportunity to participate passively and indirectly in the consolidation of multi-family residential real estate assets across North America. The LP seeks to generate returns for the Trust via capital appreciation and yield by acquiring assets below replacement value, investing in capital and operational improvements, and implementing active property management programs across portfolio assets

Minimum Investment

Class D - $5,000 CAD

Class D-U - $5,000 USD

Target Total Return

8 - 12% p.a. (10-Yr), net of fees

Registered Eligible : Yes

If you’re looking for an income-generating real estate investment, Avenue Living Core Trust could be the perfect addition to your portfolio. Multi-family residential properties can provide a natural hedge against inflation, as rental income and property values tend to increase over time. Avenue Living Core Trust takes this a step further by focusing on undervalued properties and improving them to unlock their full potential.

Download the Avenue Living Real Estate Core Trust Fund Fact

PROVEN TRACK RECORD: ATTRACTIVE RETURNS DRIVEN BY EXCEPTIONAL GROWTH SINCE INCEPTION

Founded in 2006¹, Avenue Living has experienced considerable growth in total assets under management, having consistently created positive unitholder value since inception – Avenue Living targets an annualized total return (10-year) of 8–12% p.a. (net of fees)².

FOCUSED OPERATIONS: ROBUST SAME-DOOR PERFORMANCE DRIVES UNITHOLDER VALUE

Through FY24⁵, Avenue Living has realized exceptional same-door performance – Evidenced by a 10.3% y/y improvement in total revenue and an increase of 13.8% y/y in average rent, driven substantially by the continued progression of the firm’s active management strategy.

The Centurion Apartment Real Estate Investment Trust ("REIT") invests in a diversified portfolio of multi-residential rental apartments and student residences, as well as mortgage and equity investments in property developments, across Canada and the United States and participates in the profits derived thereof.

Minimum Investment

Class A - $25,000

Target Return

7% - 12% Targeted Annual Total Returns

Registered Plan Status : Eligible (RRSP, RRIF, TFSA)

Centurion REIT is ideal for investors looking for a real estate investment that can generate consistent returns while remaining eligible for registered accounts like RRSPs, TFSAs, and RRIFs. It’s also an opportunity for those wanting to add more stable, long-term growth to their investment mix.

Centurion Apartment REIT Fund Fact not available for download. Please contact admin for more information.

TRUST OBJECTIVE*

To provide investors with stable cash distributions, payable monthly, with the opportunity for long-term growth and a focus on capital preservation

The REIT Broadly Reflects the Canadian Rental Apartment Market

Centurion REIT's portfolio is well diversified to capture rental demand across Canada

Unlike some competitors, the REIT is not over-concentrated in specific regions compared to the broad Canadian rental market

Focus on Ontario and Quebec, which hold ~73% of Canada's rental apartment stock²

Formed in 2017, the Durum Industrial Real Estate Investment Trust (the “Fund” or “Durum Industrial”) invests in the Durum Industrial Real Estate Limited Partnership (the “LP”). The LP has grown its total assets to more than $142 million through the strategic acquisition of Western Canadian industrial real estate. The Fund is uniquely positioned to benefit from rising demand driven by the shift to e-commerce, local production, and strong economic growth across the prairie provinces.

Minimum Investment

Series J - $10,000 in Investor Units ($7,000 for TFSA accounts)

Total Target Return

Between 8 - 12% per annum

Eligibility: Eligible for exempt plans

Stable & Predictable Income

-Long-term leases with essential-use tenants support durable cash flows across market cycles

-Triple net leases, where tenants cover taxes, insurance & maintenance, further limit landlord exposure to operating expense fluctuation

Flexibility

-Industrial assets are easily reconfigured for different industries and uses, enhancing long-term utility

-They also benefit from strong resale demand across REITs, institutional funds, and private buyers

Defensive Growth

-Sectoral tailwinds from e-commerce & last-mile distribution continue to drive demand

-Inflation hedging through rent escalations, and minimal capital expenditure requirements position the asset class to offer a compelling balance of growth and defensiveness

The Equiton Residential Income Fund Trust (The “Apartment Fund”) specializes in acquiring undervalued Canadian multi-residential properties with identifiable value creation opportunities which can be realized through insightful active management. The Apartment Fund also invests in a limited number of multi-residential developments to help ensure a cost-effective property acquisition pipeline.

Minimum Investment

Class A - $25,000

Targeted Annual Net Return : 8% to 12%

Registered Plan Eligible:

RRSP, TFSA, RESP, LIRA, RRIF

Monthly Income Opportunity

The fund provides the opportunity to receive regular monthly distributions.

Tax Efficiency

For tax purposes, 100% of the fund’s distributions are classified as a return of capital, potentially reducing your tax burden.

Strong Historic Performance

Since its inception in May 2016, the fund has posted positive returns every month. Over the past three years, it has delivered an average annual return of 10.55%, with a targeted annual return of 8% to 12%. Although past performance is no guarantee of future results, this track record reflects the potential benefits of real estate investment through the fund.

ICM Crescendo has Strategically Built a Diverse Portfolio with Exposure to 500+ Artists, Representing Talent Across a Wide Range of Genres. 150+ billion lifetime streams across the entire portfolio with exposure to some of the most iconic artists. ICM Crescendo’s catalog of premium copyrights is levered to industry catalysts, well-positioned to capitalize on the continued proliferation of streaming as well as enhanced monetization strategies

Minimum Investment

Series A - $10,000; Series B - $10,000;

Series C - $150,000; Series US$ - US$25,000

Target Total Net Return

8-12% per annum (5+ years)

Registered Plan Status¹: Eligible

Growth in Developed and Emerging Markets

Paid streaming as a percentage of internet users is on the rise. By 2030 it is forecasted that penetration will reach 48% in developed markets (33% in 2023) and 13% in emerging markets (7% in 2023)¹.

Expanding Array of Streaming Devices

The proliferation of streaming devices, ranging from smart speakers and tablets to smart TVs, CarPlay, Android Auto, Peloton and more, has significantly facilitated seamless music consumption.

Evolutionary Demographic Trends

The average 16-24 year old dedicates nearly double the amount of time to streaming music compared to the broader population. The transition from free to paid subscriptions is most pronounced among individuals aged 25- 34, with an average conversion rate of 2.3x¹.

ICM Property Partners Trust seeks to preserve capital, provide monthly distributions and generate long-term growth through direct investments in North American real estate assets. The Fund focuses on deploying capital into high conviction investment themes that it believes will offer the best risk adjusted returns, including: industrial, residential, self-storage and hospitality.

Minimum Investment

Series B $5,000; Series C $200,000; Series US$ 25,000 USD

Target Return

8-12% p.a. (5+ years)

Registered Plan Status¹: Eligible

ICM Property Partners Active Real Estate Investment Model

We adopt a proactive approach, identifying overarching themes, strategically emerging opportunities

The business model of our fund platform is centered around realizing returns. Whether through strategic sales or recapitalizations, we aim to unlock the full potential of our investments and deliver value to our investors

Given the dynamic landscape of real estate, no one property, market, or property type can lay claim to being the best investment indefinitely. Our approach acknowledges this reality, ensuring that our investment strategy remains flexible and responsive to evolving market dynamics

In a period of economic uncertainty, trade disruptions, and market volatility, investors need a consistent, income-generating investment that can weather changing conditions. Invico Diversified Income Fund (“IDIF”) is structured to provide resilient, positive yield and performance, backed by a disciplined investment process and deep expertise in private credit and energy.

Minimum Investment

Class B - $5,000 CAD; Class BU - $7,000 USD

Target Distribution Rate

$0.0665/unit per month (approximately 8% per annum2)

Availability:

RRSP, TFSA, LIRA, RRIF, RESP, RDSP, LIF, FHSA¹

Credit Portfolio

IDIF’s robust credit portfolio remains the most significant cash flow contributor, supported by strong syndicated credit deal flow, stable cash yields, and low enforcement rates. The strength of the U.S. private credit market continues to provide a steady pipeline of high-quality investment opportunities, allowing IDIF to remain insulated from ongoing stress in the Canadian market.

Energy Portfolio

IDIF’s energy holdings are well-positioned to benefit from a recovery in natural gas pricing, while stable oil prices are expected to provide consistent tax-efficient cash flow contributions. The Fund’s 2025 hedging program is now in effect and designed to mitigate volatility risks, ensuring that the headwinds of 2024 are giving way to tailwinds for 2025.

Potential tariff actions are not expected to have a material impact on returns, as the proposed energy tariffs are not significant to the current Canadian natural gas portfolio.

Lankin Investments is a leading real estate private equity firm based in Toronto, specializing in institutional-grade Canadian multi-family assets. We provide investors with exclusive opportunities to invest directly in properties that are strategically positioned for growth and structured for tax efficiency. We offer private investors with the expertise required to successfully achieve their real estate investment goals.

Minimum Investment

Series E - $10,000 CAD

Series G - $5,000 CAD

Series H - $50,000 CAD

Total targeted annualized returns of

10% - 12%

Registered Investments :

Available through Series E & G Trust

Lankin Real Estate Growth LP is a diversified portfolio of Canadian multifamily real estate located in core markets that provides investors with equity growth and quarterly cash distributions. The fund generates consistent returns by implementing value creation strategies that seek to improve the operational efficiency of our assets, leading to sustained equity and cashflow growth over time.

Download the Lankin Real Estate Growth LP Fund Fact

THE INVESTOR PERSPECTIVE

Delivering quarterly distributions and long-term equity growth through strategic capital deployment, operational efficiencies, and cost optimization in rental properties located within stable, growth-oriented markets.

Investor Benefits

Long-term equity growth and quarterly cash distributions
Total targeted annualized returns of 10% - 12%
Annualized cash distributions of 6.0% - 8.0%, paid quarterly
Personal and corporate tax advantages through a partnership structure
2% discount on distribution reinvestments

Lynx Equity Income Trust is an open-ended mutual fund trust established to provide investors with a substantial and growing return with a focus on preserving capital. Lynx Equity Income Trust invests in the participating debt of Lynx Equity Limited’s diversified portfolio of 17 U.S. companies. Lynx invests in diverse industries, such as manufacturing companies, retail, wholesale, and commercial services, excluding mining or oil & gas extraction.

Minimum Investment

$10, 000 CAD/ $ 10, 000 USD

Target Annual Base Yield

8.25%

RRSP Eligible : Yes

Currently offline : Data review & update to investment offering

Track Record
Lynx Equity Income Trust has shown a 41% compound annual revenue growth over 11 years with 341M total portfolio revenue.

Substantial Yield

Preferred A Units are paid an initial target base yield of 8.25% per year to new investors and 9.87% to oldest 2016. Each year the Trustees review the yield: if the underlying portfolio has experienced organic revenue growth, then the yield may be increased for those Preferred Units outstanding before the beginning of the previous year.

Liquidity

Despite being a private investment, redemption opportunities are available for up to $167,000 per month.

Attractive diversified resource focused portfolio, with principal businesses in mineral and energy exploration, development and/ or production and possibly certain renewable energy production. Targeting Resource Companies with experienced management teams and potential for capital appreciation and income. The Portfolio Manager will apply intensive fundamental and quantitative research both at the company and industry level when selecting Resource Company stocks and will actively manage the Partnership’s Investment Portfolio

Price Per Security: $100 per Unit.

Minimum Purchase: $10,000

Eligibility of Partnership: The Units are not qualified investments for RRSPs, RRIFs, DPSPs, RESPs, RDSPs or TFSAs.

The investment objective of each of the National Portfolios is to provide holders of National Class Units (“National Class Limited Partners”) with an up to 141% tax deductible investment in a diversified portfolio of Flow-Through Shares of Resource Companies incurring Eligible Expenditures across Canada with a view to maximizing the tax benefits of an investment in National Class Units and achieving capital appreciation and/or income for National Class Limited Partners.

Download the Maple Leaf Critical Minerals Fund Fact

What is Canadian Flow-Through?

Purpose: Canadian flow-through shares (FTSs) are a tax incentive that allows investors to deduct exploration expenses & credits from their taxes. This helps resource companies raise capital for exploration projects.

2. Tax Benefits: Investors buy FTS at a premium, and the company "renounces" eligible exploration expenses & credits, allowing investors to deduct these expenses & credits from their tax obligation significantly reducing their tax burden.

3. Risk & Reward: High-risk investment as it targets early-stage resource exploration, but potential for substantial tax savings and capital gains.

The Millennium Ill Group is one of the largest commercial landlords in Saskatoon, SK, with a proven track record of investment in 95 projects across Western Canada and currently owns and manages over $475 million in investment property.

Minimum Investment:

$24,700

Targeted Net Rental Revenue:

$5,000 - After Debt Repayment

Eligibility: Accredited/Eligible

Our Story

For the past 44 years, Millennium Ill has provided investors with a unique opportunity to participate in the commercial real estate market through collective property ownership.

Our Company

The Millennium Ill Group is one of the largest commercial landlords in Saskatoon, SK, with a proven track record of investment in 95 projects across Western Canada and currently owns and manages over $475 million in investment property.

Our Vision

Remove the numerous barriers to individual investors in complex commercial real estate investments to help investors benefit from long-term income, capital gains, and tax advantages available in strategically formed limited partnerships.

Mini Mall has developed a consolidation strategy to acquire assets at value prices, leverage Avenue Living’s operational platform, and optimize the legacy operations of newly acquired assets to improve potential returns.

Minimum Investment

Class D – C$5,000 | USD-denominated – Class D-U – US$5,000

Target Total Return

12 - 15% p.a. (10-year), net of fees

Registered Eligible: Yes

Mini Mall Storage Trust currently manages over 8.3 million square feet of storage space across 210+ facilities in Canada and the U.S., providing investors with broad exposure to the self-storage market. If you’re looking to diversify your portfolio with a stable, income-generating real estate investment, Mini Mall Storage Properties Trust could be a great addition.

Download the Mini Mall Storage Properties Trust

TARGET INVESTMENT RANGE

Mini Mall has been successful in acquiring legacy run assets across Canada at cap rates ranging between 5 – 8%. Market conditions in Canada and the United States, combined with internal underwriting tests, confirm that substantial opportunities remain to further consolidate the legacy run storage sector.

ASSET FOCUS

Legacy run, older assets are generally overlooked by large public companies, whereas newly built, highly amenitized assets are the primary focus of these firms. MMSP’s goal is to bolster the performance of these legacy run assets through active management, light-to-moderate facility upgrades, and by leveraging available automation & technology solutions.

Nearctic has consistently maintained strong occupancy across its portfolio, with assets operating at over 95% leased. As of July 31, 2025, Commerce West and Hunter are fully leased at 100%, while Vantage stood at a healthy 97% - above the industry averages of 96% in Edmonton and 99% in the Greater Hamilton Area.

Minimum Investment:

Class D Unit - $5,000

Targeted Return:

10% - 14%

Registered Eligible: We are working to get the documents ready shortly.

A Smart Way to Invest in Modern Industrial Real Estate

Canada’s industrial real estate market is benefiting from sustained population growth, e-commerce expansion, and evolving tenant needs. But while large-scale warehouses and data centers attract most institutional capital, a valuable segment is being overlooked: modern, small-bay, multi-tenant industrial properties, also known as modern flex.

These buildings combine warehouse and office/showroom space, serving

a wide range of tenants—from trades and logistics to healthcare and light manufacturing. Demand is rising, but supply is tight—especially as many legacy owners are aging and not developing new modern properties. Nearctic is one of the few operators actively consolidating this overlooked segment.

Dentalook is a privately-owned, multi-city, multi-clinic group of practices operating in Ontario, Saskatchewan and Alberta. Dentalook prides itself on providing patients with a better overall dental experience.

Minimum Investment

Class D, Series A/B - $10, 000 CAD

Target Distribution

9% Target Distribution

Account Eligibility

Qualified under the Income Tax Act for registered plans

(RRSP, RRIF, RDSP, RHSA RESP and TFSA)

If you’re seeking an income-generating investment with exposure to the resilient healthcare sector, Newlook Dental Services Trust could be a great fit.

The trust focuses on acquiring and managing dental clinics with strong operational efficiency, offering higher margins compared to other healthcare services. With $400M+ in assets under administration, the trust is supported by an experienced management team dedicated to growth and operational excellence.

Download the Newlook Capital Dental Services Trust Fund Fact

Deal Structure Flexibility

We accommodate a Dentist’s intended goal on a clinic sale transaction; retirement, reducing back-office management and simplifying duties

Dentalook Management Expertise

Operational excellence and reputation of maintaining excellent patient care

Maintenance of Clinic Culture

Maintaining the branding and culture established by Dentist, promoting market leading client retention post acquisition

Strong Head Office Team

To organize the day-to-day needs of running the business and adding ease of new clinic integration

IISF III has observed a consistent year-over-year growth in service revenue from existing portfolio companies that operate under multi-year service contracts for regulatory compliant devices or systems. With this successful track record of company revenue growth, several successful exits and a flawless distribution record, IISF III remains fixed on long term capital appreciation with a reliable distribution. Looking forward, IISF III is focused on acquiring companies that have significant recurring revenue and potential for value enhancement.

Minimum Investment

Class B $10,000 CAD; Class B/$US - $10,000 USD

Target Return

8-12%

RRSP Eligible : yes

Fund Concept

We believe owning businesses that have a component of their revenue arising from recurring service requirements such as regulatory compliance and/or maintaining and supporting essential infrastructure provides a stable source of recurring revenue that is resilient to macroeconomic trends.

Why Now

-Diversify investment portfolio utilizing private industrial and infrastructure services businesses

-Performance that is recession resilient

-Contracted or recurring revenue streams

-Diversified across industries and geographical locations

-Targeted 8% annualized distribution, payable quarterly

Pier 4 Estate Investment Trust ("Pier 4") seeks to provide investors with monthly distributions while creating long term growth through the direct investment in multi-family apartment buildings. Pier 4 looks to offer investors a well diversified portfolio of assets located across Canada.

Minimum Investment

Class A $10,000 CAD; Class C $25,000 CAD

Class D (LP Units) $25,000

*Targeted Return

8% targeted net distribution per annum

12.0% - 15.0% targeted total net annual return

Registered plans

Eligible: RRSP, RIF, LIRA, TFSA, RESP

(Class D non-eligible)

Special Distributions

Upon a refinance or sale of property, Pier 4 pledges to distribute at minimum 30% of excess profits to investors.

Portfolio Diversification

Allows for real estate ownership and the ability to invest in the multi-family industry without the management responsibility

Targeted Monthly Distributions

Distributions are available to be paid on a monthly basis

Long Term Growth

The ability to earn equity through the pay down of the principal mortgage as well as through the overall appreciation of the property

Canada’s demand for premium recreational spaces is growing, and Pinnacle Lifestyles Fund III is poised to meet this need. This innovative fund focuses on developing and managing RV and cabin resort properties in British Columbia, providing investors with an opportunity to benefit from a high-demand industry while diversifying their portfolios with real estate-backed assets.

Minimum Investment

$25,000

Target Return

12 - 16%

Registered Plans: Eligible

This fund isn’t just about financial returns—it’s about investing in the experiences of thousands of families who will create lifelong memories in these recreational communities. If you’re looking for an innovative and rewarding investment opportunity, Pinnacle Lifestyles Fund III could be the perfect addition to your portfolio.

Download the Pinnacle Lifestyles Fund III Incorporated Fund Fact

Multi-Revenue Streams

The fund generates income through RV and cabin site sales, resort operations, and other complementary services, creating diversified income streams for investors.

Strategic Properties

Pinnacle manages over 900 acres of land, with a focus on developing and operating three premier resort communities in BC: Kokanee Springs Resort, White Lake Fishing Resort, and Golden Lands.

Growing Industry Demand

With BC and Alberta seeing 20 RV owners competing for every available campsite, the fund capitalizes on a significant market opportunity.

Tract Farmland Partners LP ("Tract Farmland") provides investors with the opportunity to participate passively and indirectly in the consolidation of agricultural land primarily in the Province of Saskatchewan. Tract Farmland will seek to generate returns for investors via the capital appreciation and leasing of its portfolio of land holdings, as well as through value-add capital improvements and the strategic use of leverage.

Minimum Investment

Class D C$25,000 - Last business day, monthly

Target Return

10 - 14% p.a. (10-year), net of fees

Account Eligibility

Non-registered accounts only

ASSET IMPROVEMENTS

To maximize tenant revenues and land value, Tract Farmland will work diligently with tenants to identify projects that increase total farmable acres and improve operational efficiencies.

ANCILLARY REVENUE

Tract Farmland will continuously seek additional revenue generating opportunities such as oil & gas surface lease revenue, alternative energy projects, and gravel sales programs.

CAPITAL APPRECIATION

Canadian farmland has appreciated 9.01% per annum from 2013 to 2023, while Saskatchewan farmland values have appreciated at 10.13% per annum over the same period¹.

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RISK FACTORS

Investment in the exempt market involves a degree of risk and is suitable only for investors who can withstand the loss of their investment. No assurance, representation, or warranty can be given that the nvestment objectives will be achieved or that investors will receive a return of their invested capital.

RRSPs are one type of savings vehicle that can be used for retirement. Understanding the rules specific to RRSPs can help you incorporate this savings vehicle in your retirement plan. Speak with a qualified tax advisor to ensure that you have taken into account your circumstances before contributing to or making a withdrawal from your RRSP.

The material in this document is intended as general information only, and should not be construed as offering specific tax, legal, financial or investment advice. Every effort has been made to ensure that the material is correct at time of publication, but we cannot guarantee its accuracy or completeness. Interest rates, market conditions, tax rulings and other investment factors are subject to rapid change. You should consult with your dealing representative, accountant and/or legal advisor before taking any action based upon the information contained in this document.

Avenue Living Real Estate Core Trust - Source: Avenue Living Fund Fact (20250711IC, 20250711ID) - Avenue Living Presentation ref#1,2,5/pg.6 (20250327IC)

Centurion Apartment REIT - Source: Centurion Apartment Fund Fact ref(*)/pg.1 (20250610IA) - Centurion Apartment Presentation ref#2/pg.8 (20250610IB)

Durum Industrial REIT - Source: Durum Industrial Fund Fact (20250704IA) - Durum Industrial Presentation (20250704IB)

Equiton Residential Income Fund Trust - Source: Equiton Residential Fund Fact (20241204IA)

ICM Crescendo Music Royalty - Source: ICM Crescendo Fund Fact ref#1/pg.1 (20250620IA) - ICM Crescendo Presentation ref#1/pg.12 (20250714II)

ICM Property Partners Trust - Source: ICM Property Partners Fund Fact ref#1/pg.1 (20250714IE) - ICM Property Partners Presentation (20250714IH)

Invico Diversified Fund - Source: Invico Diversified Fund Fact (20240407ID) - Invico Diversified Presentation ref#1/pg.34 (20250402IB)

Lankin Real Estate Growth Trust & LP - Source: Lankin Fund Fact (20250604IA) - Lankin Presentation (20250604IB)
Lynx Equity Income Fund - Source: Lynx Equity Fund Fact (20241213IC, 20241213ID) - Lynx Equity Presentation (20241213IE)

Maple Leaf Critical Minerals 2025 SFTLP - Source: MapleLeaf Flow-Through Fund Fact (20250725IA) - MapleLeaf Flow-Through Presentation (20250729IA)

Mini Mall Storage Properties Trust - Source: Mini Mall Storage Fund Fact (20250226IA, 20250226IB) - Mini Mall Storage Presentation (20250226IC)

NationWide Express Auto Wash - Source: NationWide Fund Fact (20240815IB)

Newlook Capital Dental Services Fund - Source: Newlook Capital Dental Fund Fact (20250711IA) - Newlook Capital Dental Presentation (20250711IB)

Newlook Capital Industrial and Infrastructure Services Fund III - Source: Newlook Capital Industrial Fund Fact (20250627IA) - Newlook Capital Industrial Presentation (20250627IB)

Pier 4 REIT - Source: Pier 4 Fund Fact ref(*)/pg.2 ( ) - Pier 4 Presentation (20250509ID)

Pinnacle Lifestyles Fund III Incorporated - Source: Pinnacle Lifestyles Fund Fact (20250117IA) - Pinnacle Lifestyles Presentation (20250123IB)

Tract Farmland Partners LP - Source: Tract Farmland Fund Fact (20241114IA) - Tract Farmland Presentation ref#1/pg.6 (2024018IA)