Lincluden Management Limited

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Lincluden Investment Management has provided discretionary investment management for institutional and private clients since 1982. We do this by employing traditional, value-based investment principles across a range of equity, fixed income and balanced portfolios. Lincluden clients have benefited from 27 years of solid risk-adjusted performance. Through superior security selection, effective risk management, diligent research and a rigorous portfolio management process, we strive to maintain this high level of performance for our clients each and every day. As an independent member of Boston-based Old Mutual Asset Management , Lincluden offers clients the best of both worlds: the investment focus of a boutique manager with the financial stability and resources of a $200 billion organization. With access to best practices in risk management, legal, compliance, technology and human resources from our partner, the investment professionals at Lincluden can focus their time and energy on what matters most: our clients' portfolios. As of September 30, 2010, Lincluden managed clients assets of $2.85 billion dollars. Member of

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