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Quarterly Review & Strategy ("Austerity: Strenge, Austerità, Strengheid, Austeridade…") [Q2]
Quarterly Review & Strategy ("Debt and Growth") [Q1]
Quarterly Review & Strategy ("History Lessons") [Q4]
Quarterly Review & Strategy ("Shapes And Forecasts") [Q3]
Quarterly Review & Strategy ("Time That") [Q2]
Quarterly Review & Strategy ("Reflating The Economy") [Q1]
Value Investors Pay Their Dues 
Quarterly Review & Strategy ("Maintaining A Systematic Approach") [Q4]
Quarterly Review & Strategy ("Unprecedented Times") [Q3]
September 19, 2008 Fund Distributions
Acker Finley Select US Value 50 Fund - Series A - $0.00311 per unit.
As of September 19, 2008, record date, the Acker Finley Select US Value 50 - Series A fund will pay a distribution of $0.00311 cents per unit. This payment will be made on September 22, 2008.
As of September 19, 2008, record date, the Acker Finley Select US Value 50 - Series F fund will pay a distribution of $0.00588 cents per unit. This payment will be made on September 22, 2008.
No distribution for AF Select Canada Focus and AF Canada Focus.
These distributions represent REALIZED CAPITAL GAINS for the quarter. These distributions will result in either additional units or cash in your account. Remember the NAV (net asset value) will be reduced by the amount of the distribution.
Quarterly Review & Strategy ("Swans and Fat Tails") [Q2]
June 20, 2008 Fund Distributions
Acker Finley Select US Value 50 Fund - Series A - $0.00168 per unit.
As of June 20, 2008, record date, the Acker Finley Select US Value 50 - Series A fund will pay a distribution of $0.00168 cents per unit. This payment will be made on June 23, 2008.
As of June 20, 2008, record date, the Acker Finley Select US Value 50 - Series F fund will pay a distribution of $0.00317 cents per unit. This payment will be made on June 23, 2008.
No distribution for AF Select Canada Focus and AF Canada Focus.
These distributions represent REALIZED CAPITAL GAINS for the quarter. These distributions will result in either additional units or cash in your account. Remember the NAV (net asset value) will be reduced by the amount of the distribution.
March 20, 2008 Fund Distributions
Acker Finley Select Canada Focus Fund - Series A - $0.00189 per unit.
As of March 20, 2008, record date, the Acker Finley Select Canada Focus - Series A fund will pay a distribution of $0.00189 cents per unit. This payment will be made on March 24, 2008.
As of March 20, 2008, record date, the Acker Finley Select Canada Focus - Series F fund will pay a distribution of $0.00185 cents per unit. This payment will be made on March 24, 2008.
As of March 20, 2008, record date, the Acker Finley Select US Value 50 - Series A fund will pay a distribution of $0.00442 cents per unit. This payment will be made on March 24, 2008.
As of March 20, 2008, record date, the Acker Finley Select US Value 50 - Series F fund will pay a distribution of $0.00833 cents per unit. This payment will be made on March 24, 2008.
These distributions represent REALIZED CAPITAL GAINS for the quarter. These distributions will result in either additional units or cash in your account. Remember the NAV (net asset value) will be reduced by the amount of the distribution.
December 14, 2007 Fund Distributions
Acker Finley Select Canada Focus Fund - Series A - $0.15758 per unit.
As of December 14, 2007, record date, the Acker Finley Select Canada Focus - Series A fund will pay a distribution of $0.15758 cents per unit. This payment will be made on December 17, 2007.
As of December 14, 2007, record date, the Acker Finley Select Canada Focus - Series F fund will pay a distribution of $0.14964 cents per unit. This payment will be made on December 17, 2007.
As of December 14, 2007, record date, the Acker Finley Select US Value 50 - Series A fund will pay a distribution of $0.28699 cents per unit. This payment will be made on December 17, 2007.
As of December 14, 2007, record date, the Acker Finley Select US Value 50 - Series F fund will pay a distribution of $0.53274 cents per unit. This payment will be made on December 17, 2007.
Over the past few months the above noted fund’s net asset value (NAV) has reflected losses. Due to the systematic process and discipline applied within this fund, these losses have not been realized and therefore cannot be used to offset the realized gains. To the extent that any unrealized losses are eventually captured, this will reduce future capital gains distributions and thereby reduce future tax obligations.
These distributions represent REALIZED CAPITAL GAINS for the quarter. These distributions will result in either additional units or cash in your account. Remember the NAV (net asset value) will be reduced by the amount of the distribution.
June 25, 2007 Fund Distributions
Acker Finley Select Canada Focus Fund - Series A - $0.38095 per unit.
As of June 22, 2007, record date, the Acker Finley Select Canada Focus - Series A fund will pay a distribution of $0.38095 cents per unit. This payment will be made on June 25, 2007.
As of June 22, 2007, record date, the Acker Finley Select Canada Focus - Series F fund will pay a distribution of $0.36230 cents per unit. This payment will be made on June 25, 2007.
As of June 22, 2007, record date, the Acker Finley Select US Value 50 - Series A fund will pay a distribution of $0.55294 cents per unit. This payment will be made on June 25, 2007.
As of June 22, 2007, record date, the Acker Finley Select US Value 50 - Series F fund will pay a distribution of $1.02345 cents per unit. This payment will be made on June 25, 2007.
These distributions represent REALIZED CAPITAL GAINS for the quarter. These distributions will result in either additional units or cash in your account. Remember the NAV (net asset value) will be reduced by the amount of the distribution.
Gordon Pape reviews our funds and our response.
Globe & Mail ... "You can't beat barbarians, so why not join the invasion?"
As of November 30, Morningstar Canada, has awarded Acker Finley Select US Value 50, (out of 5 stars), for its’ performance for the preceding three years.
September 26, 2006 Fund Distributions
Acker Finley Select Canada Focus Fund - $0.27096 per unit
As of September 25, 2006 the Acker Finley Select Canada Focus fund will pay a distribution of $0.27096 cents per unit to unitholders of record September 22, 2006.
These distributions represent REALIZED CAPITAL GAINS for the quarter. These distributions will result in either additional units or cash in your account. Remember the NAV (net asset value) will be reduced by the amount of the distribution.
Globe & Mail ... "When going gets tough, the tough just go shopping."
Important Notice Effective May 18, 2006, the QSA Funds has changed its name to Acker Finley Funds.
Effective May 18, 2006, the QSA Funds has changed its name to Acker Finley Funds.
| Old Name | New Name |
| QSA Canada Focus Fund | Acker Finley Canada Focus Fund |
| QSA Select Canada Focus Fund | Acker Finley Select Canada Focus Fund |
| QSA Select US Value 50 Fund | Acker Finley Select US Value 50 Fund |
Note: Please allow two months for all the name changes to take effect on the Acker Finley Inc. website. Sorry for the inconvenience.
Acker Finley Offering Memorandum Funds are now available across Canada. Acker Finley Prospectus Fund is available in all provinces except Quebec. Call your financial advisor or discount broker for details.
Acker Finley Inc. now registered in Manitoba, Saskatchewan, Alberta and British Columbia...
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