Michael Walter Freund

HBanc Capital Securities Trust is a closed ended investment fund. The Fund's investment objectives are to provide unit holders with monthly, tax-advantaged distributions consisting primarily of returns of capital, and to provide exposure to the Capital Securities. The company was founded on August 25, 2010 and is headquartered in Toronto, Canada.

Australian Banc Capital Securities Trust closed-end investment fund/investment trust. It provides financial services to the investment companies and funds. The company was founded on November 23, 2010 and is headquartered in Toronto, Canada.

Purpose Global Financials Income Fund is a closed-end investment fund. Its investment objectives are to provide unit holders with quarterly distributions, opportunity for capital appreciation and lower overall volatility of portfolio returns than would be experienced by owning common shares of the banks directly. The company was founded on February 24, 2011 and is headquartered in Toronto, Canada.

U.S. Agency Mortgage-Backed REIT Advantaged Fund is a closed-end and real estate investment fund. It provides tax-advantaged quarterly cash distributions consisting primarily of returns of capital, and to provide low-cost exposure to a notional portfolio comprised of the various publicly traded U.S. Agency Mortgage REITS through a forward purchase agreement. The company founded on October 23, 2012 and is headquartered in Toronto, Canada.

Connor, Clark & Lunn Financial Group Ltd. is a multi-boutique asset management firm that offers a wide range of investment management products and services to institutional investors, high net worth individuals, and advisors. The private company centralizes all operational and distribution functions to allow investment managers to focus on their core competencies. With offices across Canada and subsidiaries in the United Kingdom, Cayman Islands, United States, Ireland, and Canada, CC&L Financial Group manages over CAD $100 billion in assets.

Banyan Capital Partners (Banyan) is a private equity firm founded in 1999. The firm is headquartered in Toronto, Canada.

Connor, Clark & Lunn Capital Markets Inc. (CC&L Capital Markets) is a structured financial products investment firm that is focused on creating and managing high quality investment vehicles. The company was founded in 2001 and is headquartered in Toronto, Canada.

Connor, Clark & Lunn Conservative Income & Growth Fund is an investment trust. It intends to provide unitholders with an attractive yield through receipt of monthly distributions initially targeted to yield approximately 6.0% per annum; downside protection through diversification across multiple asset classes and a conservative approach to security selection; and growth that outpaces inflation by investing in securities that provide both a high yield and capital appreciation potential. The fund was founded on November 29, 2001 and is headquartered in Toronto, Canada.

Connor, Clark & Lunn Financial Opportunities Fund is a closed-end investment fund. The investment objectives of the fund are to achieve long-term capital growth principally through investment in equities of financial sector companies on an international basis and to provide holders of units with cash distributions. The fund is managed by Jupiter Asset Management Ltd. The company was founded on October 4, 2011 and is headquartered in Toronto, Canada.

Connor, Clark & Lunn Financial Group LP provides a broad range of investment management solutions and services to high net worth individuals, advisors, and institutional investors. The company is headquartered in Toronto, Canada.

Connor, Clark & Lunn Infrastructure Ltd. (CC&L Infrastructure) is a private equity subsidiary of Connor, Clark & Lunn Financial Group Ltd founded in 2003 The firm is headquartered in Toronto Canada.