Equicapita Income Trust announces it has completed the raise of $100M in subscribed preferred trust capital. Stephen Johnston, a partner at Equicapita reports, "Equicapita is pleased to have passed the $100M mark in subscribed capital. Equicapita is part of a group of innovative Calgary based alternative funds seeking alternative investments. As managers we seek to deliver superior investment returns with lower volatility than public markets through private equity investing that combines strong underlying asset fundamentals and a disciplined value style. In practice we look for investments with: established macro drivers (typically in the form of a favourable supply/demand situation) and: a margin of safety (in the form of discounted asset prices, ability to acquire cash flow cheaply). To date, we have successfully deployed capital in multiple investment strategies via a group of funds – in farmland, SME PE, energy and non-bank lending – and currently have approximately $300M in unlevered AUM.

1. March 23, 2016
Equicapita Income Trust Announces Milestone of $100M in Capital Raised
FOR IMMEDIATE RELEASE, ATTENTION INVESTMENT EDITORS – March 22 2016, Calgary
Equicapita Income Trust announces it has completed the raise of $100M in subscribed
preferred trust capital.
Stephen Johnston, a partner at Equicapita reports, "Equicapita is pleased to have passed the
$100M mark in subscribed capital. Equicapita is part of a group of innovative Calgary based
alternative funds seeking alternative investments. As managers we seek to deliver superior
investment returns with lower volatility than public markets through private equity investing that
combines strong underlying asset fundamentals and a disciplined value style. In practice we
look for investments with: established macro drivers (typically in the form of a favourable
supply/demand situation) and: a margin of safety (in the form of discounted asset prices, ability
to acquire cash flow cheaply). To date, we have successfully deployed capital in multiple
investment strategies via a group of funds – in farmland, SME PE, energy and non-bank lending
– and currently have approximately $300M in unlevered AUM. Equicapita has found a receptive
investment audience because of the obvious and, we believe, compelling mismatch between
the number of business owners seeking exits in relation to the amount of dedicated SME private
equity capital in the Canadian market. We believe this capital supply/demand dynamic will drive
superior returns over the next decade as the imbalance is rectified and the demographic
pressures begin to ease.”
About Equicapita
Founded in 2013, Equicapita is a private company buyout fund based in Calgary, Alberta with
over $100 million in AUM focused on acquiring private, Western Canadian businesses with
enterprise values ranging from $5 million to $30+ million.
For more information please contact:
Michael Cook
Director
Tel: 587.887.1538
E-mail: mcook@equicapita.com
Greg Tooth
Director
Tel: 587.887.1527
E-mail: gtooth@equicapita.com
Stephen Johnston
Director
Tel: 403.218.6506
E-mail: sjohnston@equicapita.com
Forward looking information

2. This news release may contain certain information that is forward looking and, by its nature, such
forward-looking information is subject to important risks and uncertainties. The words "anticipate,"
"expect," "may," "should" "estimate," "project," "outlook," "forecast" or other similar words are used
to identify such forward looking information. Those forward-looking statements herein made by
Equicapita, if any, reflect Equicapita's beliefs and assumptions based on information available at
the time the statements were made. Actual results or events may differ from those anticipated or
predicted in these forward-looking statements, and the differences may be material. Factors which
could cause actual results or events to differ materially from current expectations include, among
other things: risks associated with the ownership and operation of businesses, including
fluctuations in interest rates; general economic conditions; supply and demand for businesses;
competition for available businesses; changes in legislation and the regulatory environment; and
international trade and global political conditions. Readers are cautioned not to place undue
reliance on any forward-looking information contained in this news release (if any), which is given
as of the date it is expressed herein. Equicapita undertakes no obligation to update publicly or
revise any forward-looking information, whether as a result of new information, future events or
otherwise.