SERVICES INVESTOR RELATIONS LEASING PORTFOLIO NEWS & KNOWLEDGE COMPANY Services Back to Home Page Equities and Fixed Income Morguard offers institutional clients and private investors the opportunity to participate in a broad range of global investment products across equity, fixed income and balanced portfolios. We specialize in creating portfolio outcomes for clients through a tailored asset mix or through the creation of new products and funds to address unique needs. Our mature business platform has generated a 33 year history of solid investment performance. Today, we manage $3.9 billion in assets through our equities and fixed income securities group, Lincluden Investment Management. Lincluden Investment Management Lincluden manages broadly-diversified portfolios using a fundamental, value-based approach. We manage assets for a variety of institutions including pension funds, insurance companies, foundations, endowments, first nation trusts and long-term health and disability funds. LEARN MORE Phil Evans President and CEO E phil.evans@lincluden.net

Company Back to Home Page About Morguard is a fully integrated real estate company. We own, manage and invest in high-quality, well-located, geographically diversified assets across North America. We have built our business with strong leadership and a proven management platform that have generated substantial, risk-adjusted returns – and significant long-term growth. With 40 years of experience and a dynamic team of 1,500 professionals, our commitment is to realize the potential of real estate through value creation and operational excellence. Today, our total assets owned and under management is valued at more than $19.0 billion. Morguard operates three diversified lines of business: Investments in Real Property Morguard owns and manages a diversified portfolio of office, industrial, retail, multi-unit residential, and hotel properties in North America. Real Estate Investment Trusts Morguard owns a significant interest in two real estate investment trusts (REITs): Morguard REIT (TSX: MRT.UN), a closed-end Trust with a diversified portfolio of Canadian commercial real estate assets; and Morguard North American Residential REIT (TSX: MRG.UN), an open-end Trust with a diversified portfolio of multi-unit residential assets across North America. Advisory and Investment Services Morguard provides real estate advisory services and portfolio management services, specializing in publicly traded equities and fixed-income securities, to institutional clients and private investors. We believe that we have a unique ability and responsibility to contribute to a sustainable future in the communities where we operate. Morguard embeds the principles of sustainability into our business to create better places for people to live, work and play. Learn more about our commitment to sustainability. VIEW ALL CASE STUDIES