HughesLittle
Investment Management Ltd.

We are an employee owned investment management firm based in Vancouver, BC.  We offer two pooled funds and segregated portfolio management services for individuals, corporations, foundations and pension plans.  The firm started in 2005.

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Updates

HughesLittle Value Fund distribution and year-end timetable
Value Fund's distribution is currently estimated at $4.25 per unit – all capital gains, and is a taxable event

Key dates and deadlines for the 2025 year-end:
Monday, December 15 – Last day to complete transactions (purchases and redemptions) for 2025
Monday, January 5 – Annual distribution is finalized by the Funds’ auditors - KPMG
Wednesday, January 7 – Instructions will be given to RBC Investor Services to begin sending cash distributions (for those electing cash instead of reinvestment/units)
Friday, January 9 to Tuesday, January 13 - Unit holders should start to see the cash distributions in their bank accounts

Please also note: No transactions other than distributions are processed on December 31st. RBC Investor Services processes a large volume of cash requests from all their clients during January. These volumes may impact our timing estimates of cash receipt by unit holders.
Personnel Announcements
After seventeen years with HughesLittle Investment Management Ltd. (“HughesLittle”), Barb Rogers will be retiring effective December 31st, 2025. Barb was our first employee and has been instrumental in the operation and growth of HughesLittle.

We are pleased to announce that Craig Mervin joined us on June 1st, 2025, as Chief Operating Officer. In addition to taking over some of Barb’s responsibilities Craig will be involved with HughesLittle’s client services. Craig has over 15 years of experience in the asset management industry, most recently with Leith Wheeler Investment Counsel in their operations department. Craig is a graduate of Capilano University and holds the Chartered Investment Manager designation.

For Balanced Fund questions you can still contact Thompa and for Value Fund questions you can still contact Kitty at admin@hugheslittle.com.
2024 Tax Documents
2024 T3 Tax Slips for the HughesLittle Value Fund: There was no distribution from the HughesLittle Value Fund for 2024. No T3 supplementary slips will be sent to unit holders for 2024.

Olympia Trust long wait times and system issues for registered account tax slips (e.g. T4RIF): We have spoken to Olympia Trust, and they have advised us that their system issues and high call volumes are expected to be resolved starting April 1st. Olympia is currently dealing with high call volumes and staff shortage.
Conflict of Interest Disclosure
Our Conflict of Interest disclosure has been updated.

Conflict of Interest Disclosure
RRSP and RRIF Tax slips
Olympia Trust will not be mailing out tax slips. You can retrieve the slips by logging into the Olympia Client Portal,
selecting Forms and Resources and then selecting Tax Forms.
Olympia Trust redemptions and withdrawals (for Balanced Fund)
Olympia Trust takes 7 - 10 business days after the valuation date to deliver the funds by direct deposits to clients. Kindly allow more time if withdrawals are requested by cheque. Olympia Trust will charge a fee for issuing cheques. Depending on the withdrawal amount, Olympia Trust may call clients for confirmation before they release the funds.

Contact us if you have any questions. Fee schedule for Olympia Trust can be found here.
Olympia Trust Annual Administration Fees
Clients may have received an email from Olympia Trust about Annual Admin fee due for RRSP accounts. Please note that Olympia's system automatically charges the fee to all accounts and sends out an automated email to all account holders. These fees are paid on your behalf by the HughesLittle Balanced Fund and have been reversed by Olympia.