Investment Manager

Macquarie Capital Investment Management LLC, an indirect, wholly-owned subsidiary of Macquarie Bank Limited, provides investment advisory and portfolio management services to the Fund.

The Portfolio Manager is part of the Macquarie Funds Group (“MFG”), Macquarie Group’s funds management business. MFG is Australia’s largest asset manager with over $300 billion globally in assets under management (as at September 30, 2010) of which $93 billion (inclusive of MCIM’s affiliates) is invested in both listed and private or direct infrastructure mandates (as at September 30, 2010). MFG is a full-service asset manager, offering a diverse range of products including securities investment management, infrastructure and real asset management and fund and equity-based structured products.

The Portfolio Manager was established in January 2004 and is registered as an investment adviser with the U.S. Securities and Exchange Commission.

Connor, Clark & Lunn Capital Markets Inc. acts as manager of the Fund. The Manager performs or arranges for the performance of management services for the Fund including portfolio management services.