| Addenda Capital Inc. | 542,907 | $45,927,913 | 2.00% |
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| Townsend & Associates, Inc | 163,942 | $9,097,083 | 1.92% |
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| INTACT INVESTMENT MANAGEMENT INC. | 697,789 | $43,091,027 | 1.86% |
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| GUARDIAN CAPITAL ADVISORS LP | 272,484 | $16,642,781 | 1.86% |
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| Regency Capital Management Inc.\DE | 35,113 | $2,168,579 | 1.84% |
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| SIG North Trading, ULC | 606,900 | $37,482,144 | 1.79% |
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| TD Waterhouse Canada Inc. | 2,133,168 | $171,426,624 | 1.78% |
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| BERKLEY W R CORP | 437,080 | $26,994,061 | 1.75% |
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| Robertson Opportunity Capital, LLC | 60,000 | $3,705,600 | 1.75% |
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| Euro Pacific Asset Management, LLC | 116,387 | $7,197 | 1.68% |
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| CIBC Asset Management Inc | 6,361,084 | $394,046,542 | 1.63% |
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| Goehring & Rozencwajg Associates, LLC | 103,826 | $6,412,293 | 1.57% |
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| Walter Public Investments Inc. | 106,836 | $6,596,489 | 1.56% |
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| BANK OF NOVA SCOTIA TRUST CO | 210,720 | $13,014,067 | 1.55% |
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| Lorne Steinberg Wealth Management Inc. | 64,297 | $3,988,675 | 1.54% |
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| Beutel, Goodman & Co Ltd. | 4,186,455 | $259,733 | 1.54% |
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| Triasima Portfolio Management inc. | 269,252 | $16,704,776 | 1.53% |
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| Covea Finance | 435,280 | $27,187,782 | 1.53% |
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| MILLER HOWARD INVESTMENTS INC /NY | 671,195 | $41,452,985 | 1.52% |
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| PARNASSUS INVESTMENTS, LLC | 10,057,019 | $621,121,493 | 1.52% |
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