FIRM DESCRIPTION PCJ Investment Counsel Ltd., (“PCJ” or the “Firm”) is a discretionary asset manager registered as an investment adviser with the SEC under the U.S. Investment Advisers Act of 1940. PCJ was founded in 1996. Registration as an investment adviser does not imply a certain level of skill or training. The Firm provides investment management to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations and private investment funds. Advice is provided through consultation with the Client and may include: determination of financial objectives, and investment management. As of the date of this Brochure, the Adviser renders advisory services primarily to clients outside of the United States. Accordingly, the description of the Adviser’s advisory business contained herein relates primarily to its business outside of the United States. However, consistent with prior SEC precedent, the substantive provisions of the United States Investment Advisers Act of 1940, as amended (the “Advisers Act”) generally will not apply to the Adviser’s relationship with its non-U.S. clients, except to the extent otherwise required by applicable law. PRINCIPAL OWNERS PCJ Investment Counsel Partnership (“Partnership”) is the sole shareholder of the Firm. The Partnership interests are held by the Directors and Officers of the Firm and the Connor, Clark & Lunn Financial Group Ltd. (“CCLFG”). CCLFG is the only individual or company owning greater than 25% of the Firm. TYPES OF ADVISORY SERVICES The Firm provides investment advice and management on a discretionary basis. The Firm provides professional management of financial assets for a variety of clients which currently and in the future may include pension fund sponsors, capital accumulation plans (defined contribution pension, group RRSPs

and DPSPs), corporation, foundations, private investment funds and individual investors. As of December 31, 2023, the Firm manages approximately U.S. $0.6 billion in assets under management. All assets are managed on a discretionary basis. TAILORED RELATIONSHIPS The Firm acts as a discretionary investment adviser to one private investment fund, the fund’s investment strategy, which is set out in the governing document for the fund, is not customizable. In addition to managing a private fund (the “PCJ Fund”), the Firm also offers discretionary advisory services to managed accounts (the “Client Accounts”), which may be owned by private investment funds sponsored by third party or affiliated advisers or other clients. The goals and objectives for each client are documented Firm Brochure 6 in our client relationship management system. The terms, nature and scope of such advisory services may be negotiated by the Firm and the applicable client, based on the client’s specific financial and investment objectives, risks and goals. TYPES OF AGREEMENTS The following agreements define the typical client relationships. INVESTMENT MANAGEMENT AGREEMENT OR MANAGED ACCOUNT AGREEMENT An Investment Management Agreement or Managed Account Agreement (“MAA”) is executed between the Firm and its clients. The annual fee for an Investment Management Agreement or MAA is negotiable, and depends on the investment mandate for which the Firm is retained. TERMINATION OF AGREEMENT A Client may terminate any of the aforementioned agreements at any time by notifying the Firm in writing. If the client made an advance payment, the Firm will refund any unearned portion of the advance payment. The Firm may terminate any of the aforementioned agreements at any time by notifying the client in writing. If the client made an advance payment, the Firm will refund any unearned portion of the advance payment.