Six to twelve time per year Richmond Club members are invited to a complementary gourmet lunch with fine wines at the National Club which is located across from the Toronto Stock Exchange. These luncheon events are accompanied by CEO presentation of companies who are in the Richmond Index (
http://www.richmondclub.com/pdf/Richmond_Club_Index.pdf ). Since its inception in 2005, the Richmond Index has dramatically outperformed both the TSX and S&P. If you are unable to attend our luncheon events, your Richmond Club membership will provide you with access to our proprietary video library of each CEO presentation. Accredited investor will also gain access the private placement stock offerings of Richmond Index companies which are typically priced 5-20% below the market and often are accompanied by warrants.
To determine if you are an Accredited Investor you must satisfy one or more of the following:
Accredited Investor (defined in National Instrument 45-106) means:
(a) a Canadian financial institution, or a Schedule III Bank,
(b) the Business Development Bank of Canada incorporated under the Business Development Bank of Canada Act (Canada),
(c) a subsidiary of any person referred to in paragraphs (a) or (b), if the person owns all of the voting securities of the subsidiary,
except the voting securities required by law to be owned by directors of that subsidiary,
(d) a person registered under the securities legislation of a jurisdiction of Canada as an adviser or dealer, other than a person
registered solely as a limited market dealer under one or both of the Securities Act (Ontario) or the Securities Act
(Newfoundland and Labrador),
(e) an individual registered or formerly registered under the securities legislation of a jurisdiction of Canada as a representative
of a person referred to in paragraph (d),
(f) the Government of Canada or a jurisdiction of Canada, or any crown corporation, agency or wholly owned entity of the
Government of Canada or a jurisdiction of Canada,
(g) a municipality, public board or commission in Canada and a metropolitan community, school board, the Comité de gestion
de la taxe scolaire de l'île de Montréal or an intermunicipal management board in Québec;
(h) any national, federal, state, provincial, territorial or municipal government of or in any foreign jurisdiction, or any agency of
that government,
(i) a pension fund that is regulated by the Office of the Superintendent of Financial Institutions (Canada), a pension commission
or similar regulatory authority of a jurisdiction of Canada,
(j) an individual who, either alone or with a spouse, beneficially owns financial assets (excluding real estate) having an aggregate
realizable value that before taxes, but net of any related liabilities, exceeds $1,000,000,
(k) an individual whose net income before taxes exceeded $200,000 in each of the two most recent calendar years or whose net
income before taxes combined with that of a spouse exceeded $300,000 in each of the two most recent calendar years and
who, in either case, reasonably expects to exceed that net income level in the current calendar year,
(l) an individual who, either alone or with a spouse, has net assets of at least $5,000,000,
(m) a person, other than an individual or investment fund, that has net assets of at least $5,000,000 as shown on its most
recently prepared financial statements,
(n) an investment fund that distributes or has distributed its securities only to
(i) a person that is or was an accredited investor at the time of the distribution,
(ii) a person that acquires or acquired securities in the circumstances referred to in sections 2.10 [Minimum amount
investment], or 2.19 [Additional investment in investment funds], or
(iii) a person described in paragraph (i) or (ii) that acquires or acquired securities under section 2.18 [Investment fund
reinvestment],
(o) an investment fund that distributes or has distributed securities under a prospectus in a jurisdiction of Canada for which the
regulator or, in Québec, the securities regulatory authority, has issued a receipt,
(p) a trust company or trust corporation registered or authorized to carry on business under the Trust and Loan Companies Act
(Canada) or under comparable legislation in a jurisdiction of Canada or a foreign jurisdiction, acting on behalf of a fully
managed account managed by the trust company or trust corporation, as the case may be,
(q) a person acting on behalf of a fully managed account managed by that person, if that person
(i) is registered or authorized to carry on business as an adviser or the equivalent under the securities legislation of a
jurisdiction of Canada or a foreign jurisdiction, and
(ii) in Ontario, is purchasing a security that is not a security of an investment fund;
(r) a registered charity under the Income Tax Act (Canada) that, in regard to the trade, has obtained advice from an eligibility
adviser or an adviser registered under the securities legislation of the jurisdiction of the registered charity to give advice on
the securities being traded,
(s) an entity organized in a foreign jurisdiction that is analogous to any of the entities referred to in paragraphs (a) to (d) or
paragraph (i) in form and function,
(t) a person in respect of which all of the owners of interests, direct, indirect or beneficial, except the voting securities required
by law to be owned by directors, are persons that are accredited investors,
(u) an investment fund that is advised by a person registered as an adviser or a person that is exempt from registration as an
adviser, or
(v) a person that is recognized or designated by the securities regulatory or, except in Ontario or Quebec, the regulator as an
accredited investor.
If you have read and understood the definitions to determine if you are an Accredited Investor and wish to Sign-Up to become a member click the following link. (Please note: The Richmond Club is open to all investors both Accredited and non-accredited)