Global Banks Premium Income Trust

Investment Objective

The Trust has been created to provide investors with an opportunity to invest in some of the world’s leading global bank-based financial service companies which AIC Investment Services Inc. believes have both attractive dividend yields and strong earnings growth momentum.

How the Trust is Managed

The Trust was created to provide investors with exposure to some of the world’s leading global bank-based financial services companies.
The portfolio management team invests in issuers that they believe have attractive dividend yields and strong earnings growth momentum.
The Trust’s investment objectives include providing unitholders with monthly cash distributions of $0.05833 per unit ($0.70 per unit per annum) representing a yield of 7% per annum based on the $10.00 per unit initial issue price.
Active currency hedging – at least 50% of Trust’s non-Canadian dollar exposure.
Selective use of options on up to 10% of Trust to generate additional returns and improve tax efficiency of distributions.
May borrow an amount not exceeding 20% of the total assets of the Trust.
The Trust will terminate on or about March 31, 2015 unless unitholders determine to continue the Trust.

Key Reasons to Invest

Trading on Toronto Stock Exchange at an attractive discount to underlying net asset value (ticker symbol GBP.UN).
July 2009 Warrants are expected to commence trading on TSX (GBP. WT) by end August 2008, entitling the holder to purchase one Trust Unit at a price of $5.93 on or before April 1, 2009 or at a price of $5.95 from April 30, 2009 until July 31, 2009.
July 2010 Warrants are expected to commence trading on TSX (GBP. WT.A) by end August 2008, entitling the holder to purchase one Trust Unit at a price of $6.00 on or before April 1, 2010 or at a price of $6.05 from April 30, 2010 until July 30, 2010.
Globally diversified portfolio comprising 20-30 of the world’s leading global banks.
Current very high-quality weighted average credit rating by S&P of “A+.”
Currently hedged approximately 77% of Trust’s value back to the Canadian dollar.
Tax efficient distributions, yielding 11.9% per annum based on $5.90 price, which approximates to a pre-tax interest equivalent yield of 21% based upon Ontario’s highest marginal tax rate and 2007’s tax treatment, i.e. 82% return of capital, 15% capital gain and 3% income.

FUND CODES

Global Banks Premium Income Trust - Units can only be purchased or sold on The Toronto Stock Exchange (TSX) through a licensed investment dealer under the TSX symbol of GBP.UN.

FUND DETAILS

as of December 31, 2008
Assets Under Management	$13,963,232
Inception Date	February 18, 2005
Management Expense Ratio	1.79%1
Management Fee	0.90%2

1 -	Annualized as of June 30, 2008.
2 -	Excludes service fees of .40% per annum.

PORTFOLIO MANAGERS

Jonathan Wellum, B.Comm., B.Sc., MA, MBA, CFA, Chief Executive Officer and Chief Investment Officer
Chris Lowe, BA, MBA, Senior Vice President and Portfolio Manager
Randy LeClair, BA, B.Ed., CFA, Senior Vice President and Portfolio Manager

VIEW ANOTHER FUND

	Quarterly Updates
	Financial Reports
	Our Prospectus