Triasima Portfolio Management Inc

Item 5: Fees and compensation
Triasima’s fees are transparent and are negotiable. We bill management fees based on the fee
schedule we provided our clients when they open an account. The more assets there are in a client’s
account, the more fees the client will pay, in dollars.
The annual investment management fees for accounts invested in segregated securities are as follow:

 First                                           $2M                                   0.85%

 Next                                            $3M                                   0.65%
 Next                                            $5M                                   0.55%

 Over                                           $10M                                   0.45%

Minimum annual fees are:
    •    $12,500 for segregated accounts

The fee schedule will be applied to the market value of the assets under management at the end of
each calendar quarter. The investment management fees are payable quarterly in arrears and debited
directly to the investor’s account, unless agreed upon otherwise. In the case of multiple accounts or
entities under the control of, owned by, or related to the investor, the total of the assets of those
accounts will be used for the purpose of calculating the investment management fees. Management
fees do not include applicable taxes.
Fees are deduced from the clients’ assets or billed (they may select either method) on a quarterly
basis and in arrears.
Clients will incur brokerage and other transaction costs. For each purchase or sale of securities that
we negotiate in a client’s portfolio, the client pays the commission of the broker with whom we place
the order. The amount of the commission is included in the cost of the transaction. Please refer to

Item 7: Types of clients
We provide investment advice to a variety of clients, including institutional clients (pension plans,
insurance companies, foundations, endowments, etc.), family offices, trusts, estates, and individuals, as
shown in the illustration below:

Triasima also does not require clients to maintain a minimum account size.