Investment Advisor

Connor, Clark & Lunn Investment Management Ltd. (“CCLIM”) acts as the Investment Advisor and provides Investment Advisory and portfolio management services to the Partnership. The Investment Advisor, part of the Connor, Clark & Lunn Financial Group, was established in 1982 and has offices in Vancouver and Toronto. The Investment Advisor has of assets under its management, of which approximately $4.4 billion was invested in energy and materials sector investments. Connor, Clark & Lunn Capital Markets Inc. is the Manager of the Partnership. The Manager has in assets under management and is also part of the Connor, Clark & Lunn Financial Group, a group of affiliated companies with aggregate assets under management of .

The portfolio management team members are:

Mark Bridges. Mark is a member of CC&L’s equity team responsible for energy research. Prior to joining CC&L, Mark was a top-ranked analyst covering junior oil & gas companies and energy trusts at CIBC World Markets for eight years. Prior to CIBC, Mark worked in investment banking at energy boutique Peters & Co.

Gary Baker. Gary is the leader of the fundamental Canadian equity team, responsible for overall portfolio strategy and fundamental research. Gary has more than 20 years of investment experience and was previously a petroleum engineer at Gulf Canada.

John P. Novak. John is a Portfolio Manager responsible for fundamental Canadian equities research and analysis in the metals and materials sectors. Prior to joining CC&L, John was a top-ranked equity research analyst on the sell side for 13 years at TD Securities, Westwind Partners and CIBC World Markets.

Samba Chunduri. Samba is a member of CC&L’s equity team responsible for fundamental Canadian equities research and analysis in the metals and materials sectors. Prior to joining CC&L, Samba was an equity analyst at Raymond James and Orion Securities.