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Guardian Capital LP ("GCLP) is wholly owned by Guardian Capital Group Limited. GCLP was established in 1962 and currently manages approximately $17.4 billion in client assets. GCLP provides a comprehensive range of domestic and global investment management services to institutional investment managers spanning equity, fixed income and balanced investment mandates. In addition, GCLP has significant experience in the income trust sector.
 
Middlefield Capital Corporation ("MCC") is a specialty investment manager with over $4.0 billion in assets under management. Middlefield has developed particular expertise in small capitalization, oil and gas and mining and the real estate sectors. Its investment style is value-oriented with a bias toward capital preservation. In addition, Middlefield provides strong administrative and marketing support for numerous public and private investment vehicles.
 
THE MIDDLEFIELD/GUARDIAN PORTFOLIO MANAGEMENT TEAM
Middlefield / Guardian Portfolio Management Team
Left To Right
W. Garth Jestley is President and Chief Executive Officer of Middlefield Capital Corporation. Prior to joining Middlefield in 1985, he was a Vice-President of Bank of Montreal and head of an international project finance unit responsible for non-recourse lending primarily in the natural resource sector and, prior to that, was a Vice-President in the Corporate Banking division of Citibank N.A. Mr. Jestley holds the Chartered Financial Analyst designation.
Dean C. Orrico is a Managing Director and Chief Investment Officer of Middlefield Capital Corporation and a senior member of Middlefield's fund management and merchant banking divisions. Mr. Orrico is a member of Middlefield's investment committee and is involved in the creation and ongoing management of all of Middlefield's funds focused on the income trust sector. Mr. Orrico joined Middlefield in 1996 and prior to that was a commercial account manager with Toronto Dominion Bank. Mr. Orrico is an MBA graduate of the Schulich School of Business.
Richard L. Faiella is a Managing Director, Corporate Finance of Middlefield Capital Corporation. He joined Middlefield in 1998 and spent two years as an oil and gas analyst in Middlefield's resource group. He has held his current title since February 2004. Mr. Faiella holds the Chartered Financial Analyst designation.
Michele Robitaille is a Portfolio Manager, Canadian Equities with GCLP and is a member of its Strategic Investment Committee. Prior to joining GCLP in 2003, Ms. Robitaille has, since 1997, held Equity Analyst positions at various Canadian investment dealers including National Bank Financial and Scotia Capital Inc. Ms. Robitaille holds the Chartered Financial Analyst designation. In addition, she is a Chartered Accountant and holds the Chartered Business Valuators designation.
John G. Priestman is a Managing Director, Canadian Equities with GCLP and is a member of its Strategic Investment Committee. He is responsible for managing a monthly high income fund which is a leading investor in the real estate investment trust, oil and gas royalty trust and income fund market sectors. He joined GCLP in 1985 and, prior to that, was a Portfolio Manager, Canadian Equities with Hospitals of Ontario Pension Plan.
Kevin R. Hall is a Portfolio Manager with GCLP. He is also a member of GCLP's Strategic Investment Committee and has been with Guardian Group of Companies since 1994. Mr. Hall holds the Chartered Financial Analyst designation.
 
     
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