Research shows that over 75 per cent of returns of successful funds are generated as a result of active ownership. We will not be the managers of the companies we invest in. Rather, working in tandem with the management team, Canterbury Park seeks to leverage its own strategic, operational and financial expertise to unlock the intrinsic value of the business and create future growth. Our confidence in management and its ability to grow the company, with Canterbury Park's active support, is at the core of our approach.

Active ownership is a strategic approach that involves:

• Looking deep into the prospective target company and developing a keen understanding of the value that might be unlocked by our investment;
• Crafting a value creation plan and rigorously reviewing it;
• Building relationships with management and defining personal responsibilities;
• Strengthening management teams if required; and
• Instituting substantial and focused incentives for performance.

Applying this strategy consistently lays a solid foundation for company out-performance over time.