March 18, 2020

We are closely monitoring the ongoing developments surrounding COVID-19. Our priority is the health and well-being of our employees, clients, and business partners.

We have already implemented several measures including the following:

o All business air travel has been restricted
o Employees are encouraged to work remotely
o We have closed our offices to external visitors

We are also following the recommendations from public health authorities regarding self-monitoring and self-isolation.

From a business perspective, we have implemented our business continuity plans to ensure that our operations remain fully functional during this difficult period.

Our clients and business partners can continue to reach us via telephone or email. Contact information for all employees is available on our website.

Finally, our investment team continues to monitor and actively manage our investment strategies and client portfolios. We are working to diligently position investment portfolios amid this increased market volatility.

As always, we thank you for your continued partnership and hope for your continued health and wellness during this period.

Sincerely,

Luc Gaudet, CFA
President and Chief Executive Officer