1. What BC Advantage Funds are open for investing?
2. What are the current prices/net asset values for BC Advantage Funds?
3. What is the hold period associated with my BC Advantage Funds investment?
4. How do Venture Capital Corporations (VCCs) like BC Advantage Funds differ from labour-sponsored investment funds?
5. What Fees or Commissions are paid to brokers?
6. Are there any circumstances by which I can redeem my BC Advantage Funds investment early?
7. What are the costs associated with redemption?
8. I or my client would like to transfer BC Advantage Fund shares from one account or financial institution to another. Can you help?
9. I purchased shares of your diversified offering previous to November of 2004, but now my statement says I have shares of the BC Tech Fund and Advantage Venture Fund. What does this mean?

Are BC Advantage Funds considered labour-sponsored investment funds?
There are some significant advantages that distinguish BC Advantage Funds, a Venture Capital Corporation ("VCC") regulated by the BC Small Business Venture Capital Act, from labour-sponsored funds ("LSF") or Employee Venture Capital Corporations registered under the Employee Investment Act. 

For instance, you can redeem your BC Advantage Fund shares after approximately six-seven years, whereas the redemption period for a LSF is eight years. Also, the maximum allowable investment in a VCC fund is $200,000, compared to only $2,000 Provinical and $750 Federal tax credits available for a LSF.

Another key advantage of our VCC funds over LSFs is that the 30% tax credit you receive from an investment into BC Advantage Funds is fully refundable, unlike the non-refundable credits from labour-sponsored funds. 

What BC Advantage Funds are open for investing?

We are currently selling shares of the Advantage Venture Fund (BCA100) and Advantage Life Science Fund II (BCA800), both with 2008 tax credits.

What are the current prices/net asset values for BC Advantage Funds?

Current fund prices/net asset values are updated every Friday afternoon and are posted on our homepage.

What Fees or Commissions are paid to brokers?

We pay our selling agents commissions and service fees for selling shares in BC Advantage Funds. At the time of sale, our selling agents are entitled to 5% of the gross proceeds of shares sold by the selling agent and a servicing fee of 0.5% per annum of the aggregate Pricing Net Asset Value of the shares held by clients of the selling agents, calculated monthly and paid quarterly. Please see our Prospectuses for more detailed information.

What is the hold period associated with my BC Advantage Funds investment?
The hold period required by the Small Business Venture Capital Act (British Columbia) is a minimum of 5 years from the time your funds are invested in eligible small businesses. BC Advantage Funds has a pacing obligation that requires 40% of funds to be invested in the calendar year in which they were raised, and an additional 40% being invested in the following calendar year. As a result, the effective hold period can range from 6-7 years.

Are there any circumstances by which I can redeem my BC Advantage Funds investment early?
Unfortunately, the only exception for early redemption is upon the death of the shareholder, under which circumstances the BC Advantage Funds' Board of Directors will review the circumstances and the request for early redemption.

What are the costs associated with redemption?
There is no cost administered by BC Advantage Funds upon redemption of shares in the funds.

I or my client would like to transfer BC Advantage Fund shares from one account or financial institution to another. Can you help?

The best way to facilitate this transaction is for the investment advisor to contact our investment administration service directly at 604.801.6801 Ext.674. They will be glad to assist in arranging the transfer.  If you encounter any difficulty or have any questions, do not hesitate to contact our back office at 604.688.6877 Ext. 18.

I purchased shares of your diversified offering previous to November of 2004, but now my statement says I have shares of the Advantage Technology Fund and Advantage Venture Fund. What does this mean?
Investors who chose the diversified investment option were advised that their investment would be allocated evenly between the Life Sciences Fund (renamed the Advantage Venture Fund) and the Advantage Technology Fund. BC Advantage Funds performed this allocation on December 10, 2004.

This process required no steps to be taken by the investor, and has no tax or other consequences to the investor. This was merely an internal administrative matter to allow the separate Pricing NAVs (Net Asset Value) to be reported starting on March 1st, 2005.