THE ROYAL INSTITUTION FOR THE ADVANCEMENT OF LEARNING/McGILL UNIVERSITY Canadian Equities │ As at June 30, 2019

Canadian Equities Above $500,000 Publicly Traded and Held in Segregated Accounts (in Cdn $)

TORONTO DOMINION BANK 13,733,197 FIRSTSERVICE CORP 1,659,294 13,015,723 PARKLAND FUEL CORP 1,645,629 BROOKFIELD ASSET MGMT INC 7,992,574 CANADIAN UTILITIES LTD 1,603,694 INC 7,867,220 INC 1,491,082 ALIMENTATION COUCHE-TARD INC 7,832,082 PRAIRIESKY ROYALTY LTD 1,423,314 CGI INC 7,217,749 COLLIERS INTL GROUP INC 1,406,323 INC 6,737,771 ATS AUTOMATION TOOLING SYS INC 1,396,556 LTD 6,388,511 ENGHOUSE SYSTEMS LTD 1,304,928 INC 5,735,652 CORP 1,272,776 CANADIAN NATIONAL RAILWAY CO 5,382,007 WINPAK LTD 1,260,576 CCL INDUSTRIES INC 5,326,792 ALTUS GROUP LTD 1,237,934 INTACT FINANCIAL CORP 4,991,954 RICHELIEU HARDWARE LTD 1,186,307 INC 4,647,728 ENERFLEX LTD 1,092,138 CANADIAN APARTMENT PPTYS REIT 4,603,485 LASSONDE INDUSTRIES INC 1,035,324 CANADIAN NATURAL RESOURCES LTD 4,392,811 NORBORD INC 1,029,664 TC ENERGY CORP 4,254,987 EQUITABLE GROUP INC 957,898 INC 4,055,502 GDI INTEGRATED FACILITY SVCS 956,393 FRANCO-NEVADA CORP 3,716,078 INC 892,761 CORP 3,286,075 LTD 842,238 PEMBINA PIPELINE CORP 3,179,573 SECURE ENERGY SERVICES INC 832,917 RESTAURANT BRANDS INTL INC 3,097,928 RECIPE UNLIMITED CORP 826,241 LTD 3,072,883 LEON'S FURNITURE LTD 813,316 INC 2,967,157 POWER FINANCIAL CORP 795,409 FORTIS INC 2,895,501 RUSSEL METALS INC 777,854 QUEBECOR INC 2,380,795 PAREX RESOURCES INC 767,285 METRO INC 2,311,496 MULLEN GROUP LTD 760,456 ONEX CORP 2,291,816 STANTEC INC 703,969 GREAT WEST LIFECO INC 2,249,823 CI FINANCIAL INC 670,204 COGECO COMMUNICATIONS INC 2,074,597 TUCOWS INC 651,320 LTD 1,996,280 KELT EXPLORATION LTD 628,926 AGNICO EAGLE MINES LIMITED 1,923,762 K-BRO LINEN INC 614,560 TOROMONT INDUSTRIES LTD 1,796,244 SAVARIA CORP 592,130 STELLA-JONES INC 1,791,910 EXCO TECHNOLOGIES LTD 544,965 CORP 1,711,245 MAJOR DRILLING GROUP INTL INC 528,458 CANADIAN WESTERN BANK 1,676,812 WSP GLOBAL INC 520,778

Total Canadian equities above $500,000 (publicly traded and held in segregated accounts) 193,319,334

THE ROYAL INSTITUTION FOR THE ADVANCEMENT OF LEARNING/McGILL UNIVERSITY Canadian Equities │ As at June 30, 2019

Canadian Equities Below $500,000 Publicly Traded and Held in Segregated Accounts (in Cdn $)

NEW LOOK VISION GROUP INC TRICAN WELL SERVICE LTD HORIZON NORTH LOGISTICS INC MAV BEAUTY BRANDS INC NUVISTA ENERGY LTD POWER CORP CANADA KNIGHT THERAPEUTICS INC LOGISTEC CORP AUTOCANADA INC INTERTAPE POLYMER GROUP INC CES ENERGY SOLUTIONS CORP INC WESTON (GEORGE) LTD CANADA GOOSE HOLDINGS INC CERVUS EQUIPMENT CORPORATION ANDREW PELLER LTD CLASS'A' NPV 5N PLUS INC XENON PHARMACEUTICALS INC IBI GROUP INC SOCIETE COOPERATIVE AGRICOLE ARITZIA INC PRESIDENT BRAND GOLD MINING CO IPL PLASTICS INC

Total Canadian equities below $500,000 (publicly traded and held in segregated 7,038,086 accounts)

Canadian Equities Pooled and Exchange Traded Funds (in Cdn $)

ISHARES S&P/TSX60 Index ETF 2,979,224

Total Canadian Equities Pooled and Exchange Traded Funds 2,979,224

Total 203,336,643