The Aventine Stable Income Fund rose 0.2% in April (F Class) as 3 of Fund’s 4 investment strategies generated positive returns. Year to date the Fund has returned 2.8% which includes paying $1.20 per unit in distributions. Canadian markets were shaken in late April as a large non-bank mortgage lender buckled under allegations of fraud brought by the OSC. Many investors, particularly foreigners, are questioning if this will crack the Canadian housing market and are losing their appetite for Canadian assets. As a result, the TSX index is the worst performing major equity index in the world year to date. Still, our economy remains strong and corporate earnings have been solid. We see this Canadian risk premium perhaps lingering into the summer, but ultimately leading to some great opportunities in income producing assets.