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First Quarter Letter 2019

April-25-19

First Quarter Letter 2019

We are pleased to present our 2019 first quarter results. The quarter was an exceptionally good one for our Canadian Equity strategy with a gross return (before fees) of +15%, ranking us #1 versus 82 other Canadian Equity managers in the Pavilion Performance Appraisal Report published by consulting firm Mercer Global Investments. Also, our 10-year gross annualized return of +15.7% continues to rank us #1 versus 69 peers.