Enhanced Investments - Financial Portal

Published: 2022-09-26


	FORM 13-501F1
		CLASS 1 REPORTING ISSUERS AND CLASS 3B REPORTING ISSUERS –
	PARTICIPATION FEE
			MANAGEMENT CERTIFICATION
David Moore
I, ____________________, an officer of the reporting issuer noted below have examined this Form 13-501F1 (the Form) being submitted hereunder to the Alberta Securities Commission and certify that to my knowledge, having exercised reasonable diligence, the information provided in the Form is complete and accurate.
(s) David Moore
_________________________________				_________________________________
Name:				Date:	David Moore		September 26, 2022
Title:		Chief Financial Officer
	Sangoma Technologies Corporation
Reporting Issuer Name:
	June 30, 2022
End date of previous financial year:
Type of Reporting Issuer:	[ ] Class 1 reporting issuer				[ ] Class 3B reporting issuer	x
	TSX
Highest Trading Marketplace:
Market value of listed or quoted equity securities:
						STC
Equity Symbol
						01/07/21 30/09/21
1st Specified Trading Period (dd/mm/yy)						_______________ to ______________
Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace
					3.39
					$ ______________________ (i)

Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period
	133,151,508
	________________________(ii)
	451,383,612
		(i) x (ii)	$ ______________________ (A)
Market value of class or series
			01/10/21 31/12/21
2nd Specified Trading Period (dd/mm/yy)			_______________ to ______________
Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace
	$ ______________________ (iii)	21.82
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period
	19,061,208
	______________________ (iv)
	415,915,559
		(iii) x (iv)	$ ______________________(B)
Market value of class or series
			01/01/22 31/03/22
3rd Specified Trading Period (dd/mm/yy)			_______________ to ______________
Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace
	$ ______________________ (v)	17.78
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period
	______________________ (vi)	20,565,164
		(v) x (vi)	$ ______________________ (C)	365,648,616
Market value of class or series

	01/04/22 30/06/22
4th Specified Trading Period (dd/mm/yy)	_______________ to ______________
Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace
		10.88
		$ ______________________ (vii)
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period
		21,439,632
		______________________ (viii)
		233,263,196
			(vii) x (viii) $ ______________________
Market value of class or series		(D)
5th Specified Trading Period (dd/mm/yy)	_______________ to ______________
Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace
		$ ______________________ (ix)
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period
		______________________ (x)
			(ix) x (x)	$ ______________________ (E)
Market value of class or series
Average Market Value of Class or Series (Calculate the simple average of the market value of the class or series of security for each applicable specified trading period (i.e. A through E above))
		366,552,746
		$ ______________________ (1)
(Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary, if applicable) that was listed or quoted on a marketplace at the end of the previous financial year)

Fair value of outstanding debt securities:
(Provide details of how value was determined)	$ ______________________ (2)	0
	366,552,746
Capitalization for the previous financial year		(1) + (2)	$ ______________________
	14,000
Participation Fee	$ ______________________
	0
Late Fee, if applicable	$ ______________________
	14,000
Total Fee Payable	$ ______________________
(Participation Fee plus Late Fee)

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.