Board of Directors

Michael R. Lambert
Executive Vice President and Chief Financial
Officer, Canadian Pacific Railway
Director, Trustee of the Fund

Michael Lambert is President of Mark’s Work Wearhouse Ltd., a casual apparel and footwear retailer, and Executive Vice President of Canadian Tire Corporation since February 2003. Mr. Lambert is a Chartered Accountant and joined Mark’s Work Wearhouse Ltd. as Chief Financial Officer in 1994. Mr. Lambert spent 15 years in progressive financial positions with major Canadian public companies including Loblaw Companies, George Weston Limited and the Southam Newspaper Group.

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