An anonymous director reports

NEXT EDGE CIA DISCIPLINED GROWTH PORTFOLIO ANNOUNCES EXERCISE OF OVER-ALLOTMENT OPTION BRINGING TOTAL GROSS IPO PROCEEDS TO $50 MILLION

Next Edge Capital Corp.'s Next Edge CIA Disciplined Growth Portfolio has issued an additional 500,000 Class F units of the fund, at a price of $10.00 per Class F unit, for gross proceeds of $5-million pursuant to the agents' exercise of the overallotment option. In total, the fund has issued 4,998,932 Class F units pursuant to its initial public offering, yielding aggregate gross proceeds of $50-million.

The units were issued at a price of $10.00 per Class A unit and $10.00 per Class F unit. Following the closing of the offering, the Class A units were reclassified as Class F units based on their respective NAV (net asset value) per unit such that, currently, only Class F units are outstanding. The Class F units are listed on the Toronto Stock Exchange under the symbol PCD.UN.

The fund seeks to provide unitholders with long-term capital appreciation and excess returns relative to a benchmark, comprised 50 per cent of the S&P/TSX Composite Index and 50 per cent of the Dow Jones U.S. Total Stock Market Index, by investing in a portfolio comprised primarily of publicly traded North American equity securities, which the manager believes will outperform its benchmark while maintaining lower volatility and reducing downside participation during market declines.

The fund will seek to achieve its investment objectives by deploying a GARP or "growth at a reasonable price" strategy through a portfolio comprising primarily publicly traded equity securities of North American issuers representing a wide range of industries, capitalization sizes and sources of return, which the manager believes have durable earnings growth, sound fundamentals, attractive valuations, quality management and sustainable competitive advantages. The fund will seek to generate consistent alpha through disciplined fundamental research, portfolio construction and active risk management.

The offering was led by National Bank Financial Inc. as bookrunner and includes iA Private Wealth Inc. as an agent.

About Next Edge

Next Edge is an investment fund manager and a leader in the structuring and distribution of alternative, private credit, and value-added fund products in Canada. The firm is led by an experienced management team that has launched numerous investment solutions in a variety of product structures and has been responsible for raising over $3-billion of alternative assets since 2000. Next Edge specializes and focuses on providing unique, value-added pooled investment vehicles to the Canadian marketplace. Please note that over $2-billion of the $3-billion of alternative assets raised relates to assets that were raised at a previous firm(s).

The offering is made only by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from any of the agents. Investors should read the prospectus before making an investment decision.