JFT Strategies Fund filed a Notice of Intention and received approval from the Toronto Stock Exchange to commence a normal course issuer bid on June 28, 2013. Under the program, the company will repurchase up to 842,015 Class A units representing approximately 10 per cent of the public float and outstanding units. The fund will not purchase in any given 30-day period, in total, more than 168,403 Class A units, representing approximately 2 per cent of the issued and outstanding Class A units as of the close of business of June 24, 2013.

The fund believes that such purchases are in the best interests of the fund and are a desirable use of the fund's funds. All purchases will be made through the facilities of the TSX in accordance with its rules and policies. All Class A units purchased by the fund pursuant to the normal course issuer bid will be cancelled.

Purchases of Class A units under the NCIB may commence on July 3, 2013 and expire on July 2, 2014. As of June 24, 2013, fund has 8,420,153 units outstanding.