Corporate Profile

Overview
Founded in August 2000, Sprott Asset Management Inc. (SAM) a wholly owned subsidiary of Sprott Inc. (SII), is a fund company dedicated to achieving superior returns for its investors over time. SAM is registered with the Investment Dealers Association (IDA) as an investment dealer, equities and managed accounts and is also a member of the Canadian Investor Protection Fund (CIPF). In 2004, SAM became a member of the Alternative Investment Management Association (AIMA) Canada.

SAM has a history of offering investment management services to corporations, institutions and high net worth individuals for over 27 years under the umbrella of Sprott Securities Inc. (see Management History), prior to its permanent separation into an independent asset management company. Currently, SAM manages various long/short equity strategies, mutual funds and managed accounts.

With the input from our investment professionals, the decision making process at SAM encompasses a rigorous set of standards. Our team of portfolio managers, together with the support of our research team, consider themselves “investment opportunists”, committed to seeking out the “best ideas” for our investors. Taking a consistent, disciplined approach to investing, based on sound fundamental analysis and independent research, the investment team at SAM carefully explores, analyzes and selects what they consider to be a portfolio of the “best ideas” that equity markets have to offer.

SAM attracts only top professionals to its firm with knowledge, judgement, experience and understanding, to discover superior investment opportunities and to ensure its customers receive the highest level of service. Furthermore, SAM continues to increase its talent pool of award winning investment strategists and product offerings in an effort to better serve its clients in a continuously evolving financial landscape.

Management History 
In 1981, Eric Sprott, CA founded Sprott Securities Ltd. (now Cormark Securities Inc.), an institutional brokerage boutique focused on small-to-mid capitalization companies, servicing Canadian corporate and institutional investors. By the end of the 1990s, it became one of the largest and most successful independent brokerage firms in the Canadian investment industry with three Canadian offices (Toronto, Montreal and Calgary).

In the year 2000, Eric Sprott made the decision to focus solely on the investment management business. Accordingly, the “investment management division” of Sprott Securities Inc. (now Cormark Securities Inc.), was spun-off to form a separate entity now known as Sprott Asset Management Inc. Consequently, SAM was founded with an already established successful historical track record of managing assets through Sprott Managed Accounts since 1981 and the Sprott Canadian Equity Fund since 1997. Sprott Securities Inc. was sold to its employees in 2002, leaving Eric Sprott and the directors and officers of SAM with no remaining interest in the firm.

On May 15, 2008, Sprott Inc. successfully completed its initial public offering by way of a secondary offering of common shares. Pursuant to the offering, certain shareholders of Sprott Inc. sold 20,000,000 common shares at an offering price of $10.00 per share for aggregate proceeds of $200 million. Sprott Inc.’s common shares are listed on the Toronto Stock Exchange under the symbol “SII”. Immediately prior to the closing of the offering, Sprott Inc. acquired 100% of the outstanding shares of SAM.

Highlights & Achievements

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