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The Company’s outstanding Class A Preferred Shares, Series 1 are listed on the TSX, and is a reporting issuer in each of the provinces and territories of Canada.

Each Class A Preferred Shares, Series 1 (the "Preferred Shares") entitles the holder thereof to fixed, non-cumulative  dividends, if, as and when declared by the board of directors of the Company, with an annual dividend yield of 5.40%. Such dividends, if, declared, will be paid on the last day of March, June, September and December in each year at a rate equal to $0.3375 per Preferred Share.

The Company has filed an election under Part VI.1 of the Tax Act so that a corporation holding Series 1 Preferred Shares will not be subject to tax under Part IV.1 of the Tax Act on dividends received (or deemed to be received) on the Series 1 Preferred Shares.

Sagen MI Canada Inc. designates any and all dividends paid or deemed for Canadian federal, provincial or territorial income tax purposes to be paid on its Preferred Shares as “eligible dividends”, unless indicated otherwise in respect of dividends paid subsequent to this notification, and hereby notifies all recipients of such dividends of this designation.

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