Managed Future Notes - Historical Performence

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Historical Performance

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Tricycle* vs. Equities (Sep. 2000 to Mar. 2007)

* Market weighted average performance of the Business Development Bank of Canada Managed Futures Notes, Series N-2 to N-8 and The Canadian Wheat Board Managed Futures Notes, Series N-9 to N-12. Note that the performance of a particular series depends, in part, on the starting date of that series. Value of all Tricycle series at inception equals 100.


	CWB Managed Futures Notes are only offered for sale in the provinces and territories of Canada. CWB Managed Futures Notes are only offered for sale in those jurisdictions where they may be lawfully offered for sale and therein only by persons permitted to sell such securities.

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