"January, 2011"										
Canoe 'Go Canada' Income Fund Combined Units	GCI.A	I	IPO		"4,600,000"			$12.00	"$55,200,000"	
Angle Energy Inc. 5.75% Debentures	NGL.DB	O	SUP		"60,000"			"$1,000.00"	"$60,000,000"	
Exchange Income Corporation 5.75% Debentures	EIF.DB.C	I	SUP		"35,000"			"$1,000.00"	"$35,000,000"	
First National Financial Corporation Cl A Pr 1	FN.PR.A	I	SUP		"4,000,000"			$25.00	"$100,000,000"	
IBI Group Inc. 6% Debentures	IBG.DB.B	I	SUP		"50,000"			"$1,000.00"	"$50,000,000"	
Premium Brands Holding Corporation 5.75% Deb	PBH.DB.A	I	SUP		"57,500"			"$1,000.00"	"$57,500,000"	
RioCan Real Estate Investment Trust Pr A	REI.PR.A	I	SUP		"4,000,000"			$25.00	"$100,000,000"	
Southern Pacific Resource Corp. 6% Debentures	STP.DB	O	SUP		"172,500"			"$1,000.00"	"$172,500,000"	
Strongco Corporation Rt	SQP.RT	I	RIGHTS		"2,619,910"			$3.00	"$7,859,730"	
TransGlobe Apartment REIT Trust Sub Receipts	TGA.R	I	SUP		"9,271,800"			$10.30	"$95,499,540"	
Uni-Select Inc. 5.90% Debentures	UNS.DB	I	SUP		"51,750"			"$1,000.00"	"$51,750,000"	
Uni-Select Inc. Subscription Receipts	UNS.R	I	SUP		"1,725,000"			$26.10	"$45,022,500"	
American Bonanza Gold Corp. J	BZA	M	PO		"50,000,000"	Y		$0.35	"$17,500,000"	
Bengal Energy Ltd. J	BNG	O	PO		"7,525,000"			$1.20	"$9,030,000"	
Canada Lithium Corp. J	CLQ	M	PO		"73,350,000"			$1.50	"$110,025,000"	
Stornoway Diamond Corporation J	SWY	M	PO		"57,400,000"			$0.61	"$35,014,000"	
Timbercreek Mortgage Investment Corp. Cl A	TMC	I	PO		"4,887,500"			$10.00	"$48,875,000"	
Alexis Minerals Corporation J	AMC	M	PP	Y 	"50,774,998"	 		$0.24	"$12,186,000"	
Armistice Resources Corp. J	AZ	M	PP	 	"5,035,777"	Y 		$0.45	"$2,266,100"	
Armistice Resources Corp. J	AZ	M	PP	Y 	"6,190,000"	 		$0.50	"$3,095,000"	
Canada Lithium Corp. J	CLQ	M	PP	 	"12,500,000"	 		$0.80	"$10,000,000"	
Canadian Zinc Corporation J	CZN	M	PP	Y 	"3,571,429"	 		$0.70	"$2,500,000"	
Dejour Enterprises Ltd. J	DEJ	O	PP	Y	"2,339,315"	 		$0.38	"$888,940"	
Eastmain Resources Inc. J	ER	M	PP	Y	"65,000"	 		$2.75	"$178,750"	
Franconia Minerals Corporation J	FRA	M	PP	 	"3,906,250"	 		$0.64	"$2,500,000"	
Grandview Gold Inc. J	GVX	M	PP	Y	"8,066,666"	Y 		$0.075	"$605,000"	
Ivernia Inc. J	IVW	M	PP	 	"52,900,000"	 		$0.34	"$17,986,000"	
Lydian International Limited Ordinary J	LYD	M	PP	 	"1,527,282"	 		$2.13	"$3,253,111"	
Macquarie Power & Infrastructure Corporation	MPT	I	PP	 	"9,079,250"	 		$7.60	"$69,002,300"	
Marathon Gold Corporation J	MOZ	M	PP	 	"2,570,000"	 		$1.31	"$3,366,700"	
Northcore Technologies Inc. J	NTI	I	PP	 	"7,816,397"	Y 		$0.08	"$625,312"	
Nuinsco Resources Limited J	NWI	M	PP	Y	"2,433,228"	Y		$0.18	"$437,981"	
Nuinsco Resources Limited J	NWI	M	PP	Y	"3,125,000"	Y		$0.16	"$500,000"	
Olympus Pacific Minerals Inc.	OYM	M	PP		"37,000,000"	 		$0.4486	"$16,598,200"	
Ondine Biomedical Inc.	OBP	I	PP		"1,027,000"	Y		$0.65	"$667,550"	
Peyto Exploration & Development Corp.	PEY	O	PP		"655,581"	 		$18.95	"$12,423,260"	
Timbercreek Mortgage Investment Corp Cl A	TMC	I	PP		"788,000"	 		$10.00	"$7,880,000"	
Tranzeo Wireless Technologies Inc.	TZT	I	PP		"763,733"	 		$0.40	"$305,493"	
"United Mining Group, Inc. J"	UMG	M	PP		"9,234,778"	Y		$0.90	"$8,311,300"	
Ventana Gold Corp. J	VEN	M	PP		"6,500,000"	 		$10.00	"$65,000,000"	
Victory Nickel Inc. J	NI	M	PP		"5,000,000"	Y		$0.10	"$500,000"	
Yorbeau Resources Inc. Cl A J	YRB	M	PP		"2,015,237"	Y		$0.21	"$423,200"	
Yorbeau Resources Inc. Cl A J	YRB	M	PP		"8,992,857"	Y		$0.21	"$1,888,500"	
										
										
										
										
											
											
											
											
											
											
											
											
											
											
											
											
											
											
											
											
									
									
			 						"$243,388,696"
Total