Quarterly Update Call

¹ Units of Neighbourhood Holdings Income Trust I (“NHIT”) are sold through registered dealers. Neighbourhood Holdings Capital Management Ltd. (“NHCM”), a captive dealer of NHIT, is an exempt market dealer in Alberta, British Columbia, Manitoba, Ontario, and Saskatchewan. If you are resident of any of these provinces, NHCM can assist you with any questions you might have about the investment opportunity. If you reside outside of these provinces, we would be pleased to connect you with a registered dealer in your province.

Past performance is not an indication of future returns. Net returns will differ by Series. Fund performance discussed in the Quarterly Update Call reflects the performance of Neighbourhood Holdings Income Trust 1 ("NHIT") Series F units and assumes reinvestment of distributions. Performance is calculated using a time-weighted method.  Performance of Series A units reflects an additional embedded 1% trailer fee, with performance of Series I units varying by the ten levels of embedded trailer fees. All fees are detailed in the Offering Memorandum. Personalized performance is provided on monthly investor statements.

NHIT is not suitable for investors who cannot afford to assume medium risks in conjunction with their investment. There is no secondary market for trading these units, and redemptions are subject to restrictions and conditions. All subscriptions for the purchase of units are made pursuant to available prospectus exemptions such as the Accredited Investor exemption. Investors should read the offering memorandum, especially the risk factors relating to the securities offered, before making an investment.