-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ma1nQKb5/Pi68k9bqdkJ4ynwhup2Lt+uEoLdaLuf/9btkf5lNmaz9BHyZfXJeeGK 2EfekSCU4oFtsIT6UGtTIA== 0000950133-99-001882.txt : 19990518 0000950133-99-001882.hdr.sgml : 19990518 ACCESSION NUMBER: 0000950133-99-001882 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990517 GROUP MEMBERS: I.G. INVESTMENT MANAGEMENT, LTD. GROUP MEMBERS: INVESTORS GLOBAL FUND GROUP MEMBERS: INVESTORS GROUP INC GROUP MEMBERS: INVESTORS GROUP TRUST CO. LTD. GROUP MEMBERS: INVESTORS GROUP TRUSTCO INC. GROUP MEMBERS: INVESTORS U.S. GROWTH FUND GROUP MEMBERS: INVESTORS U.S. OPPORTUNITIES FUND SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PRESIDENTIAL LIFE CORP CENTRAL INDEX KEY: 0000080124 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 132652144 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-31681 FILM NUMBER: 99626775 BUSINESS ADDRESS: STREET 1: 69 LYDECKER ST CITY: NYACK STATE: NY ZIP: 10960 BUSINESS PHONE: 9143582300 MAIL ADDRESS: STREET 1: 69 LYDECKER ST CITY: NYACK STATE: NY ZIP: 10960 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: INVESTORS GROUP INC CENTRAL INDEX KEY: 0001074226 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 000000000 STATE OF INCORPORATION: A2 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: ONE CANADA CENTRE 447 PORTAGE AVENUE STREET 2: WINNIPEG MANITOBA CITY: WINNIPEG BUSINESS PHONE: 2049568444 MAIL ADDRESS: STREET 1: ONE CANADA CENTRE STREET 2: 447 PORTAGE AVENUE CITY: WINNIPEG STATE: A2 SC 13D/A 1 AMENDMENT NO. 1 TO SCHEDULE 13D 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 1)* PRESIDENTIAL LIFE CORP. (Name of Issuer) COMMON STOCK (Title of Class of Securities) 740884101 (CUSIP Number) JAMES LAWSON MANAGER, INVESTMENT ADMINISTRATION I.G. INVESTMENT MANAGEMENT, LTD. ONE CANADA CENTRE 447 PORTAGE AVENUE WINNIPEG, MANITOBA CANADA R3C 3B6 TELEPHONE: (204) 956-8224 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) JANUARY 30, 1998 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [ ]. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 2 CUSIP NO. 740884101 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Investors U.S. Growth Fund Reporting Person, a non-U.S. entity, has no I.R.S. Identification Number. 2. Check the Appropriate Box if a member of a Group (See Instructions) (a) [ ] (b) [ ] 3. SEC Use Only 4. Source of Funds (See Instructions) 00 -- Funds from time to time committed to Investors Group Trust Co. Ltd. by Unitholders for investment in Units of the Fund. 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] 6. Citizenship or Place of Organization Manitoba, Canada Number of Shares 7. Sole Voting Power 0 Beneficially Owned 8. Shared Voting Power 1,019,100 by Each Reporting 9. Sole Dispositive Power 0 Person With 10. Shared Dispositive Power 1,019,100 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,019,100 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] 13. Percent of Class Represented by Amount in Row (11): 3.1% 14. Type of Reporting Person (See Instructions) 00 (Open-end mutual fund trust governed by the laws of the Province of Manitoba, Canada) 2A 3 CUSIP NO. 740884101 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Investors Global Fund Reporting Person, a non-U.S. entity, has no I.R.S. Identification Number. 2. Check the Appropriate Box if a member of a Group (See Instructions) (a) [ ] (b) [ ] 3. SEC Use Only 4. Source of Funds (See Instructions) 00 -- Funds from time to time committed to Investors Group Trust Co. Ltd. by Unitholders for investment in Units of the Fund. 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] 6. Citizenship or Place of Organization Manitoba, Canada Number of Shares 7. Sole Voting Power 0 Beneficially Owned 8. Shared Voting Power 431,900 by Each Reporting 9. Sole Dispositive Power 0 Person With 10. Shared Dispositive Power 431,900 11. Aggregate Amount Beneficially Owned by Each Reporting Person 431,900 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] 13. Percent of Class Represented by Amount in Row (11): 1.3% 14. Type of Reporting Person (See Instructions) 00 (Open-end mutual fund trust governed by the laws of the Province of Manitoba, Canada) 2B 4 CUSIP NO. 740884101 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Investors U.S. Opportunities Fund Reporting Person, a non-U.S. entity, has no I.R.S. Identification Number. 2. Check the Appropriate Box if a member of a Group (See Instructions) (a) [ ] (b) [ ] 3. SEC Use Only 4. Source of Funds (See Instructions) 00 -- Funds from time to time committed to Investors Group Trust Co. Ltd. by Unitholders for investment in Units of the Fund. 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] 6. Citizenship or Place of Organization Manitoba, Canada Number of Shares 7. Sole Voting Power 0 Beneficially Owned 8. Shared Voting Power 547,860 by Each Reporting 9. Sole Dispositive Power 0 Person With 10. Shared Dispositive Power 547,860 11. Aggregate Amount Beneficially Owned by Each Reporting Person 547,860 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] 13. Percent of Class Represented by Amount in Row (11): 1.7% 14. Type of Reporting Person (See Instructions) 00 (Open-end mutual fund trust governed by the laws of the Province of Manitoba, Canada) 2C 5 CUSIP NO. 740884101 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). I.G. Investment Management, Ltd. Reporting Person, a non-U.S. entity, has no I.R.S. Identification Number. 2. Check the Appropriate Box if a member of a Group (See Instructions) (a) [ ] (b) [ ] 3. SEC Use Only 4. Source of Funds (See Instructions) 00 -- Funds from time to time committed to Investors Group Trust Co. Ltd. by Unitholders of Investors U.S. Growth Fund, Investors Global Fund and Investors U.S. Opportunities Fund for investment in Units of each of Investors U.S. Growth Fund, Investors Global Fund and Investors U.S. Opportunities Fund, respectively. 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] 6. Citizenship or Place of Organization Canada Number of Shares 7. Sole Voting Power 0 Beneficially Owned 8. Shared Voting Power 1,998,860 by Each Reporting 9. Sole Dispositive Power 0 Person With 10. Shared Dispositive Power 1,998,860 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,998,860 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] 13. Percent of Class Represented by Amount in Row (11): 6.1% 14. Type of Reporting Person (See Instructions) CO (Corporation governed by the Canada Business Corporations Act), IA (Canadian) 2D 6 CUSIP NO. 740884101 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Investors Group Trust Co. Ltd. Reporting Person, a non-U.S. entity, has no I.R.S. Identification Number. 2. Check the Appropriate Box if a member of a Group (See Instructions) (a) [ ] (b) [ ] 3. SEC Use Only 4. Source of Funds (See Instructions) 00 -- Funds from time to time committed to Investors Group Trust Co. Ltd. by Unitholders of Investors U.S. Growth Fund, Investors Global Fund and Investors U.S. Opportunities Fund for investment in Units of each of Investors U.S. Growth Fund, Investors Global Fund and Investors U.S. Opportunities Fund, respectively. 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] 6. Citizenship or Place of Organization Manitoba, Canada Number of Shares 7. Sole Voting Power 0 Beneficially Owned 8. Shared Voting Power 1,998,860 by Each Reporting 9. Sole Dispositive Power 0 Person With 10. Shared Dispositive Power 1,998,860 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,998,860 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] 13. Percent of Class Represented by Amount in Row (11): 6.1% 14. Type of Reporting Person (See Instructions) CO (Corporation governed by the Manitoba Corporations Act) 2E 7 CUSIP NO. 740884101 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Investors Group Inc. Reporting Person, a non-U.S. entity, has no I.R.S. Identification Number. 2. Check the Appropriate Box if a member of a Group (See Instructions) (a) [ ] (b) [ ] 3. SEC Use Only 4. Source of Funds (See Instructions) 00 -- Funds from time to time committed to Investors Group Trust Co. Ltd. by Unitholders of Investors U.S. Growth Fund, Investors Global Fund and Investors U.S. Opportunities Fund for investment in Units of each of Investors U.S. Growth Fund, Investors Global Fund and Investors U.S. Opportunities Fund, respectively. 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] 6. Citizenship or Place of Organization Canada Number of Shares 7. Sole Voting Power 0 Beneficially Owned 8. Shared Voting Power 1,998,860 by Each Reporting 9. Sole Dispositive Power 0 Person With 10. Shared Dispositive Power 1,998,860 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,998,860 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] 13. Percent of Class Represented by Amount in Row (11): 6.1% 14. Type of Reporting Person (See Instructions) CO (Corporation governed by the Canada Business Corporations Act), HC 2F 8 CUSIP NO. 740884101 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Investors Group Trustco Inc. Reporting Person, a non-U.S entity, has no I.R.S. Identification Number. 2. Check the Appropriate Box if a member of a Group (See Instructions) (a) [ ] (b) [ ] 3. SEC Use Only 4. Source of Funds (See Instructions) 00 -- Funds from time to time committed to Investors Group Trust Co. Ltd. by Unitholders of Investors U.S. Growth Fund, Investors Global Fund and Investors U.S. Opportunities Fund for investment in Units of each of Investors U.S. Growth Fund, Investors Global Fund and Investors U.S. Opportunities Fund, respectively. 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] 6. Citizenship or Place of Organization Canada Number of Shares 7. Sole Voting Power 0 Beneficially Owned 8. Shared Voting Power 1,998,860 by Each Reporting 9. Sole Dispositive Power 0 Person With 10. Shared Dispositive Power 1,998,860 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,998,860 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] 13. Percent of Class Represented by Amount in Row (11): 6.1% 14. Type of Reporting Person (See Instructions) CO (Corporation governed by the Canada Business Corporations Act), HC 2G 9 - 3 - This Amendment 1 supplements and amends the original joint statement filed on April 20, 1999 by and on behalf of the following Reporting Persons signing this Amendment 1 to Schedule 13D and are hereafter referred to as the "Reporting Persons": Investors Group Inc. ("IGI"), Investors Group Trustco Inc. ("Trustco"), Investors Group Trust Co. Ltd. (the "Trustee"), I.G. Investment Management, Ltd. (the "Management Company"), and Investors U.S. Opportunities Fund, Investors U.S. Growth Fund and Investors Global Fund (collectively, the "Funds"). ITEM 1. SECURITY AND ISSUER. Not Amended. ITEM 2. IDENTITY AND BACKGROUND. Not amended, except with respect to the amended Schedule 1 annexed hereto, which sets forth the name, principal occupation or employment and address of each of the recently appointed executive officers and directors of IGI, Trustco, the Management Company, and the Trustee and is incorporated herein by reference. All such executive officers and directors are Canadian citizens except as indicated on Schedule 1. During the last five years, none of the Reporting Persons, nor to the best knowledge of any of them, any of the executive officers and directors listed on Schedule 1 hereto, has (a) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (b) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of which was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal (U.S.A.) or state securities laws or finding any violation with respect to such laws. 10 - 4 - ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The Reporting Persons used an aggregate of approximately $37,519,640.69 to purchase the Issuer's Common Stock reported as beneficially owned in Item 5 below. The Issuer's Common Stock was purchased with funds of Unitholders of each Fund from time to time committed to the Trustee for investment in Units of the Fund. ITEM 4. PURPOSE OF TRANSACTION. Not amended. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a) The aggregate number and percentage of Securities to which this Schedule 13D relates is 1,998,860 shares of Common Stock, representing 6.1% of the 32,621,161 shares of the Issuer's Common Stock outstanding, as reported as being outstanding in the Issuer's Form 10-Q for the quarter ended September 30, 1997. The Reporting Persons beneficially own those Securities as follows:
Shares of % of Common Class of Name Stock Common Stock ---- ----- ------------ Investors Group Inc. 1,998,860 6.1% Investors Group Trustco Inc. 1,998,860 6.1% Investors Group Trust Co. Ltd. 1,998,860 6.1% I.G. Investment Management, Ltd. 1,998,860 6.1% Investors U.S. Opportunities Fund 547,860 1.7% Investors U.S. Growth Fund 1,019,100 3.1% Investors Global Fund 431,900 1.3%
(b) Under Sections 5.1 and 7.1 of the Declaration of Trust, the Trustee may be deemed to direct the disposition and voting of the shares of Issuer's Common Stock held by the Funds. However, IGI, Trustco, the Trustee and the Management Company may be deemed to beneficially own the subject 1,998,860 shares of the Issuer's Common Stock by virtue of the common officers and/or directors among IGI, Trustco, the Trustee and the Management Company, as indicated on Schedule I annexed hereto, and thus directly and indirectly share voting power and share dispositive power within the meaning of Rule 13d-3 under Section 13(d) of the Securities Exchange Act of 1934 with respect to the subject 1,998,860 shares of Issuer's Common Stock. (c) The table below sets forth purchases of the Issuer's Common Stock by the Reporting Persons during the last sixty days. All of such purchases were effected by the Management Company on the NASDAQ National Market System. 11 - 5 -
Approximate Price Per Share ($) Amount of Shares (exclusive of Date Of Common Stock commissions) December 22, 1997 7,800 $19.94 December 22, 1997 3,900 $19.94 January 5, 1998 4,000 $20.00 January 5, 1998 2,000 $20.00 January 6, 1998 7,900 $20.00 January 6, 1998 4,000 $20.00 January 7, 1998 7,300 $19.98 January 7, 1998 3,700 $19.98 January 8, 1998 12,900 $19.97 January 8, 1998 6,500 $19.97 January 9, 1998 16,100 $19.98 January 9, 1998 4,000 $19.73 January 9, 1998 29,000 $20.04 January 9, 1998 8,000 $19.98 January 9, 1998 2,000 $19.73 January 12, 1998 15,400 $19.74 January 12, 1998 7,700 $19.74 January 13, 1998 31,500 $19.70 January 13, 1998 15,700 $19.70 January 14, 1998 15,800 $19.74 January 14, 1998 7,900 $19.74 January 16, 1998 11,700 $19.45 January 16, 1998 5,800 $19.45 January 20, 1998 55,000 $19.36 January 20, 1998 27,500 $19.36 January 21, 1998 48,300 $19.22 January 21, 1998 96,700 $19.22 January 22, 1998 11,100 $18.98 January 22, 1998 5,500 $18.98 January 23, 1998 36,100 $19.00 January 23, 1998 18,100 $19.00 January 26, 1998 22,800 $18.88 January 26, 1998 11,400 $18.88 January 29, 1998 50,000 $18.14 January 30, 1998 106,000 $17.99
(d) Each Fund has the right to receive and the power to direct the receipt of dividends from, and the proceeds from the sale of, the Common Stock held by it. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Not amended. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. The following Exhibit I is attached hereto. Exhibit I: Power of Attorney to Edwin R. Buss, James Lawson or David M.R. Cheop, as Attorney-in-Fact for Alexander Scott Penman, President and Chief Executive Officer of I.G. Investment Management, Ltd. 12 - 6 - SIGNATURE --------- After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. April 22, 1999 INVESTORS GROUP INC. By: /s/ Edwin R. Buss ----------------------------------- Edwin R. Buss, as Attorney-in-Fact for Hugh Sanford Riley, President and Chief Executive Officer of Investors Group Inc. April 22, 1999 INVESTORS GROUP TRUSTCO INC. By: /s/ Edwin R. Buss ----------------------------------- Edwin R. Buss, as Attorney-in-Fact for Richard Elliot Archer, President of Investors Group Trustco Inc. April 22, 1999 INVESTORS GROUP TRUST CO. LTD. By: /s/ Edwin R. Buss ----------------------------------- Edwin R. Buss, as Attorney-in-Fact for Wayne Stanley Walker, President and Chief Executive Officer Investors Group Trust Co. Ltd. April 22, 1999 I.G. INVESTMENT MANAGEMENT, LTD. By: /s/ Edwin R. Buss ----------------------------------- Edwin R. Buss, as Attorney-in-Fact for Alexander Scott Penman, President and Chief Executive Officer of I.G. Investment Management, Ltd. 13 April 22, 1999 INVESTORS U.S. OPPORTUNITIES FUND By: /s/ Edwin R. Buss ----------------------------------- Edwin R. Buss, as Attorney-in-Fact for Wayne Stanley Walker, President and Chief Executive Officer of Investors Group Trust Co. Ltd., as Trustee for Investors U.S. Opportunities Fund April 22, 1999 INVESTORS U.S. GROWTH FUND By: /s/ Edwin R. Buss ----------------------------------- Edwin R. Buss, as Attorney-in-Fact for Wayne Stanley Walker, President and Chief Executive Officer of Investors Group Trust Co. Ltd., as Trustee for Investors U.S. Growth Fund April 22, 1999 INVESTORS GLOBAL FUND By: /s/ Edwin R. Buss ----------------------------------- Edwin R. Buss, as Attorney-in-Fact for Wayne Stanley Walker, President and Chief Executive Officer of Investors Group Trust Co. Ltd., as Trustee for Investors Global Fund 14 Schedule 1 The following sets forth certain information about directors and executive officers of Investors Group Inc., Investors Group Trustco Inc., Investors Group Trust Co. Ltd. and I.G. Investment Management, Ltd. - ---------------------------------------------------------------------------------------------------------- Name and Residence or Employment Present Principal Occupation or Office and Directorship(s) Address and Citizenship, if not a Employment; Name, Principal Held in Reporting Persons Canadian Citizen Business, and Address in Which Such Employment is Conducted (if Different from Business Address of Employer) - ---------------------------------------------------------------------------------------------------------- James W. Burns, O.C. Deputy Chairman Director 751 Victoria Square Power Corporation of Canada Investors Group Inc. Montreal, Quebec H2Y 2J3 (business) - ---------------------------------------------------------------------------------------------------------- Andre Desmarais President & Co-Chief Executive Director 751 Victoria Square Officer Investors Group Inc. Montreal, Quebec Power Corporation of Canada H2Y 2J3 (business) - ---------------------------------------------------------------------------------------------------------- Paul Desmarais, Jr. Chairman & Co-Chief Executive Officer Director 751 Victoria Square Power Corporation of Canada Investors Group Inc. Montreal, Quebec H2Y 2J3 (business) - ---------------------------------------------------------------------------------------------------------- Paul G. Desmarais, P.C., C.C. Chairman of the Executive Committee Director 751 Victoria Square Power Corporation of Canada Investors Group Inc. Montreal, Quebec H2Y 2J3 (business) - ---------------------------------------------------------------------------------------------------------- J. David A. Jackson Chairman Director 22nd Floor, P.O. Box 25 Blake, Cassels & Graydon Investors Group Inc. Commerce Court West Toronto, Ontario M5L 1A9 (business) - ---------------------------------------------------------------------------------------------------------- Wanda M. Dorosz President, Chief Executive Officer & Director 150 King Street West Managing Partner Investors Group Inc. Suite 1505, SunLife Tower Quorum Group of Companies P.O. Box 5 Toronto, Ontario M5H 1J9 (business) - ---------------------------------------------------------------------------------------------------------- Robert G. Graham Company Director Director 77 Avenue Road Investors Group Inc. Toronto, Ontario M5R 3R8 (business) - ---------------------------------------------------------------------------------------------------------- Robert Gratton President & Chief Executive Officer Director 751 Victoria Square Power Financial Corporation Investors Group Inc. Montreal, Quebec H2Y 2J3 (business) - ---------------------------------------------------------------------------------------------------------- Rt. Hon. Donald F. Mazankowski, P.C. Company Director Director P.O. Box 1350 Investors Group Inc. 5238 - 45 B. Avenue Vegreville, Alberta T9C 1S5 (business) - ---------------------------------------------------------------------------------------------------------- John S. McCallum Professor of Finance Director Drake Centre, Room 462 Faculty of Management Investors Group Inc. Winnipeg, Manitoba University of Manitoba R3T 2N2 (business) Director Investors Group Trust Co. Ltd. - ---------------------------------------------------------------------------------------------------------- Roy W. Piper Self-employed farmer Director Box 160 Investors Group Inc. Elrose, Saskatchewan S0L 0Z0 (business) - ----------------------------------------------------------------------------------------------------------
15 - ---------------------------------------------------------------------------------------------------------- Susan Sherk Senior Consultant Director Bonaventure Place AGRA Earth & Environmental Investors Group Inc. 95 Bonaventure Avenue P.O. Box 2035, Station C St. John's, Newfoundland A1C 5R6 (business) - ---------------------------------------------------------------------------------------------------------- Hon. P. Michael Pitfield, P.C., Q.C. Vice-Chairman Director 751 Victoria Square Power Corporation of Canada Investors Group Inc. Montreal, Quebec H2Y 2J3 (business) - ---------------------------------------------------------------------------------------------------------- Michel Plessis-Belair, F.C.A. Vice-Chairman & Chief Financial Director 751 Victoria Square Officer Investors Group Inc. Montreal, Quebec Power Corporation of Canada H2Y 2J3 (business) - ---------------------------------------------------------------------------------------------------------- Gerard Veilleux, O.C., D.U. President Director 751 Victoria Square Power Communications Inc. Investors Group Inc. Montreal, Quebec H2Y 2J3 (business) - ---------------------------------------------------------------------------------------------------------- Hugh Sanford Riley President & Chief Executive Officer President & Chief Executive 447 Portage Avenue and Director Officer and Director Winnipeg, Manitoba Investors Group Inc. Investors Group Inc. Canada R3C 3B6 (business) Director Director Investors Group Trust Co. Ltd. Investors Group Trust Co. Ltd. Director Director I.G. Investment Management, Ltd. I.G. Investment Management, Ltd. Director Investors Group Trustco Inc. Director Investors Group Trustco Inc. - ---------------------------------------------------------------------------------------------------------- Michael A. Miller Executive Vice-President, Products Executive Vice-President, 447 Portage Avenue and Distribution Products and Distribution Winnipeg, Manitoba Investors Group Inc. Investors Group Inc. R3C 3B6 (business) - ---------------------------------------------------------------------------------------------------------- Richard Elliot Archer Executive Vice-President, Investments Executive Vice-President, 447 Portage Avenue Investors Group Inc. Investments Winnipeg, Manitoba Investors Group Inc. Canada Director R3C 3B6 (business) Investors Group Trust Co. Ltd. Director Investors Group Trust Co. Ltd. Chairman of the Board and Director I.G. Investment Management, Ltd. Chairman of the Board and Director I.G. Investment Management, Director and President Ltd. Investors Group Trustco Inc. Director and President Investors Group Trustco Inc. - ----------------------------------------------------------------------------------------------------------
16 - ---------------------------------------------------------------------------------------------------------- Dale Alwyn George Parkinson Executive Vice-President Executive Vice-President 447 Portage Avenue Investors Group Inc. Investors Group Inc. Winnipeg, Manitoba Canada Chairman of the Board and Director Chairman of the Board and R3C 3B6 (business) Investors Group Trust Co. Ltd. Director Investors Group Trust Co. Ltd. Director Director I.G. Investment Management, Ltd. I.G. Investment Management, Ltd. Director and Chairman Investors Group Trustco Inc. Director and Chairman Investors Group Trustco Inc. - ---------------------------------------------------------------------------------------------------------- W. Gary Wilton Executive Vice-President, Client and Executive Vice-President, 447 Portage Avenue Information Services Client and Information Winnipeg, Manitoba Investors Group Inc. Services R3C 3B6 (business) Investors Group Inc. - ---------------------------------------------------------------------------------------------------------- William Terrence Wright, Q.C. Senior Vice-President, General Senior Vice-President, 447 Portage Avenue Counsel & Secretary General Counsel & Secretary Winnipeg, Manitoba Investors Group Inc. Investors Group Inc. R3C 3B6 (business) Secretary Secretary I.G. Investment Management, Ltd. I.G. Investment Management, Ltd. Vice President and General Counsel Vice President and General Investors Group Trust Co. Ltd. Counsel Investors Group Trust Co. Ltd. Director, Senior Vice-President, Director, Senior General Counsel & Secretary Vice-President, General Investors Group Trustco Inc. Counsel & Secretary Investors Group Trustco Inc. - ---------------------------------------------------------------------------------------------------------- Gregory D. Tretiak Senior Vice-President, Finance Senior Vice-President, Finance 447 Portage Avenue Investors Group Inc. Investors Group Inc. Winnipeg, Manitoba R3C 3B6 (business) Senior Vice-President, Finance Senior Vice-President, Finance Investors Group Trustco Inc. Investors Group Trustco Inc. - ---------------------------------------------------------------------------------------------------------- Jean-Guy Gourdeau Senior Vice-President, Strategic Senior Vice-President, 447 Portage Avenue Initiatives Strategic Initiatives Winnipeg, Manitoba Investors Group Inc. Investors Group Inc. R3C 3B6 (business) - ---------------------------------------------------------------------------------------------------------- Sandra A. Metraux Senior Vice-President, Marketing Senior Vice-President, 447 Portage Avenue Investors Group Inc. Marketing Winnipeg, Manitoba Investors Group Inc. R3C 3B6 (business) Vice-President, Marketing Investors Group Trustco Inc. Vice-President, Marketing Citizen of the United States of Investors Group Trustco Inc. America - ---------------------------------------------------------------------------------------------------------- Kevin E. Regan Senior Vice-President, Sales Senior Vice-President, Sales 447 Portage Avenue Investors Group Inc. Investors Group Inc. Winnipeg, Manitoba R3C 3B6 (business) Vice-President, Sales Administration Vice-President, Sales Investors Group Trustco Inc. Administration Investors Group Trustco Inc. - ---------------------------------------------------------------------------------------------------------- Glen A. Torgerson Senior Vice-President, Sales Senior Vice-President, Sales 447 Portage Avenue Investors Group Inc. Investors Group Inc. Winnipeg, Manitoba R3C 3B6 (business) Vice-President, Sales Vice-President, Sales Investors Group Trustco Inc. Investors Group Trustco Inc. - ----------------------------------------------------------------------------------------------------------
17 - -------------------------------------------------------------------------------------------------------------- Alexander Scott Penman Senior Vice-President, Equities Senior Vice-President, Equities 447 Portage Avenue Investors Group Inc. Investors Group Inc. Winnipeg, Manitoba R3C 3B6 (business) President and Managing Partner President and Managing Partner and Director and Director I.G. Investment Management, Ltd. I.G. Investment Management, Ltd. - -------------------------------------------------------------------------------------------------------------- Alan Brownridge Senior Vice-President, Bonds Senior Vice-President, Bonds 447 Portage Avenue Investors Group Inc. Investors Group Inc. Winnipeg, Manitoba R3C 3B6 (business) Managing Partner Managing Partner I.G. Investment Management, Ltd. I.G. Investment Management, Ltd. - -------------------------------------------------------------------------------------------------------------- Robert G. Darling Senior Vice-President, Securities Senior Vice-President, 447 Portage Avenue Investors Group Inc. Securities Winnipeg, Manitoba Investors Group Inc. R3C 3B6 (business) Vice-President Investors Group Trust Co. Ltd. Vice-President Investors Group Trust Co. Ltd. Managing Partner and Director I.G. Investment Management, Ltd. Managing Partner and Director I.G. Investment Management, Ltd. - -------------------------------------------------------------------------------------------------------------- Domenic Grestoni Senior Vice-President, Corporate Senior Vice-President, 447 Portage Avenue Investments Corporate Investments Winnipeg, Manitoba Investors Group Inc. Investors Group Inc. R3C 3B6 (business) Vice-President, Corporate Investments Vice-President, Corporate Investors Group Trustco Inc. Investments Investors Group Trustco Inc. Assistant Secretary Investors Group Trust Co. Ltd. Assistant Secretary Investors Group Trust Co. Ltd. Managing Partner Managing Partner I.G. Investment Management, Ltd. I.G. Investment Management, Ltd. - -------------------------------------------------------------------------------------------------------------- Brian C. Weatherby Senior Vice-President, Taxation Senior Vice-President, 447 Portage Avenue Investors Group Inc. Taxation Winnipeg, Manitoba Investors Group Inc. R3C 3B6 (business) Vice-President, Taxation Investors Group Trustco Inc. Vice-President, Taxation Investors Group Trustco Inc. - -------------------------------------------------------------------------------------------------------------- Murray Kilfoyle Senior Vice-President, Client Senior Vice-President, 447 Portage Avenue Services Client Services Winnipeg, Manitoba Investors Group Inc. Investors Group Inc. R3C 3B6 (business) Vice-President, Client Administration Vice-President, Client Investors Group Inc. Administration Investors Group Inc. - --------------------------------------------------------------------------------------------------------------
18 - ------------------------------------------------------------------------------------------------------------- Ronald D. Saull Senior Vice-President and Chief Senior Vice-President and 447 Portage Avenue Information Officer Chief Information Officer Winnipeg, Manitoba Investors Group Inc. Investors Group Inc. R3C 3B6 (business) - ------------------------------------------------------------------------------------------------------------- Richard W. Irish Associate Secretary Associate Secretary 447 Portage Avenue Investors Group Inc. Investors Group Inc. Winnipeg, Manitoba R3C 3B6 (business) - ------------------------------------------------------------------------------------------------------------- Wayne Stanley Walker President, Chief Executive Officer President, Chief Executive 447 Portage Avenue and Director Officer and Director Winnipeg, Manitoba Investors Group Trust Co. Ltd. Investors Group Trust Co. Ltd. Canada R3C 3B6 (business) - ------------------------------------------------------------------------------------------------------------- Honourable Otto Lang, P.C., Q.C. Chief Executive Officer Director 570 - 444 St. Mary Avenue Centra Gas Investors Group Trust Co. Winnipeg, Manitoba Ltd. R3C 3T1 (business) - ------------------------------------------------------------------------------------------------------------- Sterling James McLeod Retired Director 447 Portage Avenue Investors Group Trust Co. Winnipeg, Manitoba Ltd. Canada R3C 3B6 (business) - ------------------------------------------------------------------------------------------------------------- D.A.A. Ammeter Vice President, Financial Planning Vice President, Financial 447 Portage Avenue Investors Group Trustco Inc. Planning Winnipeg, Manitoba Investors Group Trustco Inc. Canada R3C 3B6 (business) - ------------------------------------------------------------------------------------------------------------- J. Wiltshire Vice President, Marketing Vice President, 447 Portage Avenue Investment Products Marketing Investment Winnipeg, Manitoba Investors Group Trustco Inc. Products Canada Investors Group Trustco Inc. R3C 3B6 (business) - ------------------------------------------------------------------------------------------------------------- S. Fitzhenry Vice President, Product Marketing Vice President, Product 447 Portage Avenue Investors Group Trustco Inc. Marketing Winnipeg, Manitoba Investors Group Trustco Inc. Canada R3C 3B6 (business) - ------------------------------------------------------------------------------------------------------------- L. Perreault Vice President, Communications Vice President, Communications 447 Portage Avenue Investors Group Trustco Inc. Investors Group Trustco Inc. Winnipeg, Manitoba Canada R3C 3B6 (business) - ------------------------------------------------------------------------------------------------------------- Brian Victor Jones Vice President, Client Services Vice President, 447 Portage Avenue Investors Group Trustco Inc. Client Services Winnipeg, Manitoba Investors Group Trustco Inc. Canada Vice-President R3C 3B6 (business) Investors Group Trust Co. Ltd. Vice-President Investors Group Trust Co. Ltd. - ------------------------------------------------------------------------------------------------------------- J.B. McKay Vice President, Human Resources Vice President, Human 447 Portage Avenue Investors Group Trustco Inc. Resources Winnipeg, Manitoba Investors Group Trustco Inc. Canada R3C 3B6 (business) - -------------------------------------------------------------------------------------------------------------
19
- -------------------------------------------------------------------------------------------------------------- A.J. Knowles Vice President, Training and Vice President, 447 Portage Avenue Development Training and Development Winnipeg, Manitoba Investors Group Trustco Inc. Investors Group Trustco Canada Inc. R3C 3B6 (business) - -------------------------------------------------------------------------------------------------------------- J. Hunek Vice President, Application Vice President, 447 Portage Avenue Development Services Application Development Winnipeg, Manitoba Investors Group Trustco Inc. Services Canada Investors Group Trustco R3C 3B6 (business) Inc. - -------------------------------------------------------------------------------------------------------------- Rod DeVos Vice President, Financial Vice President, 447 Portage Avenue Services Systems Financial Services Systems Winnipeg, Manitoba Investors Group Trustco Inc. Investors Group Trustco Canada Inc. R3C 3B6 (business) - -------------------------------------------------------------------------------------------------------------- Robert C. Murdoch Vice President, Sales Automation Vice President, 447 Portage Avenue Investors Group Trustco Inc. Sales Automation Winnipeg, Manitoba Investors Group Trustco Canada Inc. R3C 3B6 (business) - -------------------------------------------------------------------------------------------------------------- David Cheop, Q.C. Vice President, Corporate Vice President, 447 Portage Avenue Compliance Corporate Compliance Winnipeg, Manitoba Investors Group Trustco Inc. Investors Group Trustco Canada Inc. R3C 3B6 (business) - -------------------------------------------------------------------------------------------------------------- Craig Johnston Vice President, Internal Audit Vice President, Internal Audit 447 Portage Avenue Investors Group Trustco Inc. Investors Group Trustco Inc. Winnipeg, Manitoba Canada R3C 3B6 (business) - -------------------------------------------------------------------------------------------------------------- Betty Jane Wylie Author Director R.R. #1 Investors Group Trust Co. Mactier, Ontario Ltd. P0C 1H0 - -------------------------------------------------------------------------------------------------------------- Jean-Claude Bachand Lawyer Director Suite 3900 Byers Casgrain Investors Group Trust Co. 1, Place Ville-Marie Ltd. Montreal, Quebec H3B 4M7 (business) - -------------------------------------------------------------------------------------------------------------- Sylvie Bernier Director Director 616 Cote du Rhone Investors Group Trust Co. Rosemere, Quebec Ltd. J7A 4N5 (business) - -------------------------------------------------------------------------------------------------------------- Roger George Joseph Blanchette Treasurer Treasurer 447 Portage Avenue Investors Group Trustco Inc. Investors Group Trustco Winnipeg, Manitoba Inc. Canada Vice-President, Finance and R3C 3B6 (business) Compliance Officer Vice-President, Finance and Investors Group Trust Co. Ltd. Compliance Officer Investors Group Trust Co. Ltd. - --------------------------------------------------------------------------------------------------------------
20 - -------------------------------------------------------------------------------------------------------------------------- Audrey Joan Penner Secretary Secretary 447 Portage Avenue Investors Group Trustco Inc. Investors Group Trustco Inc. Winnipeg, Manitoba Canada Assistant Secretary Assistant Secretary R3C 3B6 (business) I.G. Investment Management, Ltd. I.G. Investment Management, Ltd. Secretary Secretary Investors Group Trust Co. Ltd. Investors Group Trust Co. Ltd. - -------------------------------------------------------------------------------------------------------------------------- Manfred Proch Director, Trust Administration Director, Trust 447 Portage Avenue and Assistant Secretary Administration and Winnipeg, Manitoba Investors Group Trust Co. Ltd. Assistant Secretary Canada Investors Group Trust R3C 3B6 (business) Co. Ltd. - -------------------------------------------------------------------------------------------------------------------------- William Donald Chornous Partner Partner 447 Portage Avenue I.G. Investment Management, Ltd. I.G. Investment Management, Winnipeg, Manitoba Ltd. Canada R3C 3B6 (business) - -------------------------------------------------------------------------------------------------------------------------- Tighe Alan McManus Partner Partner 447 Portage Avenue I.G. Investment Management, Ltd. I.G. Investment Management, Winnipeg, Manitoba Ltd. Canada R3C 3B6 (business) - -------------------------------------------------------------------------------------------------------------------------- Geoff Barth Partner Partner 447 Portage Avenue I.G. Investment Management, Ltd. I.G. Investment Management, Winnipeg, Manitoba Ltd. Canada R3C 3B6 (business) - -------------------------------------------------------------------------------------------------------------------------- Paul Hancock Partner Partner 447 Portage Avenue I.G. Investment Management, Ltd. I.G. Investment Management, Winnipeg, Manitoba Ltd. Canada R3C 3B6 (business) - -------------------------------------------------------------------------------------------------------------------------- Jeff Hall Partner Partner 447 Portage Avenue I.G. Investment Management, Ltd. I.G. Investment Management, Winnipeg, Manitoba Ltd. Canada R3C 3B6 (business) - -------------------------------------------------------------------------------------------------------------------------- Kevin Nyysola Partner Partner 447 Portage Avenue I.G. Investment Management, Ltd. I.G. Investment Winnipeg, Manitoba Management, Ltd. Canada R3C 3B6 (business) - -------------------------------------------------------------------------------------------------------------------------- Allan Patrick Brown Partner Partner 447 Portage Avenue I.G. Investment Management, Ltd. I.G. Investment Winnipeg, Manitoba Management, Ltd. Canada R3C 3B6 (business) - -------------------------------------------------------------------------------------------------------------------------- Donald Bruce Smith Vice-President, Mortgage Sales Vice-President, Mortgage Sales 447 Portage Avenue I.G. Investment Management, Ltd. I.G. Investment Management, Winnipeg, Manitoba Ltd. Canada R3C 3B6 (business) - -------------------------------------------------------------------------------------------------------------------------- Murray James Mitchell Vice-President, Real Estate and Portfolio Vice-President, Real Estate and 447 Portage Avenue Manager Portfolio Manager Winnipeg, Manitoba I.G. Investment Management, Ltd. I.G. Investment Management, Canada Ltd. R3C 3B6 (business) - -------------------------------------------------------------------------------------------------------------------------- Michele Helen Peterson Vice-President, Mortgages, Ontario Region Vice-President, Mortgages, Suite 210 I.G. Investment Management, Ltd. Ontario Region 200 Yorkland Blvd I.G. Investment Management, Toronto ON Ltd. M2J 5C1 - -------------------------------------------------------------------------------------------------------------------------- Barry Schaefer Regional Vice-President, Mortgages, Regional Vice- 447 Portage Avenue Western Canada President, Mortgages, Winnipeg, Manitoba I.G. Investment Management, Ltd. Western Canada Canada I.G. Investment R3C 3B6 (business) Management, Ltd. - -------------------------------------------------------------------------------------------------------------------------- Andre Goudreau Regional Vice-President, Mortgages, Regional Vice- 447 Portage Avenue Eastern Canada President, Mortgages, Winnipeg, Manitoba I.G. Investment Management, Ltd. Eastern Canada Canada I.G. Investment R3C 3B6 (business) Management, Ltd. - --------------------------------------------------------------------------------------------------------------------------
21 Exhibit I Power of Attorney ----------------- KNOW ALL MEN BY THESE PRESENTS, THAT I, Alexander Scott Penman President of I.G. Investment Management, Ltd., have made, constituted and appointed, and by these presents do make, constitute and appoint, Edwin R. Buss, James Lawson or David M.R. Cheop, and any one of them acting separately, my true and lawful attorneys for me and in my name, place and stead solely for the purpose of executing, filing or delivering on behalf of I.G. Investment Management, Ltd. any and all statements on Schedule 13D under the Securities Exchange Act of 1934, and any amendments thereof and any filing agreement relating thereto, giving and granting unto said attorneys full power and authority to do and perform all and every such act as fully, to all intents and purposes, as I might or could do if personally present, with full power of substitution and revocation, hereby ratifying and confirming all that said attorneys or their substitute shall lawfully do or cause to be done by virtue hereof. This instrument may not be changed orally. IN WITNESS WHEREOF, I have hereunto set my hand and seal this 19th day of March, 1999. /s/ Alexander Scott Penman ------------------------------------ Alexander Scott Penman BE IT KNOWN, that on this 19th day of March, 1999, before me Douglas E. Jones, a Notary Public in and for the Province of Manitoba, duly commissioned and sworn, personally came and appeared Alexander Scott Penman, to me known, and known to me to be the same person described in and who executed the Power of Attorney, and acknowledged the within Power of Attorney to be his act and deed. IN TESTIMONY WHEREOF, I have hereunto subscribed my name and affixed my seal of office, the day and year last above written. /s/ Douglas E. Jones ------------------------------------ Notary Public -----END PRIVACY-ENHANCED MESSAGE-----