PROXY GUIDELINES

How the HOOPP Proxy works

HOOPP, as an owner of shares in corporations in Canada and around the world, is entitled to vote on issues put forth by management and shareholders. These votes are cast, in most instances, by use of a proxy.

A proxy, which is a legal transfer to another party of a shareholder's right to vote, allows shareholders who cannot physically attend meetings to participate.

Following the proxy guidelines

The proxy voting guidelines are used to determine how votes attached to shares owned by HOOPP will be cast on various types of proposals that are brought to shareholders for a vote.

These guidelines are intended to provide a general indication of how HOOPP will vote on proxy issues. Issues will be examined on a case-by-case basis with consideration of all factors involved.

The primary principle of the guidelines is that proxies will be voted so as to maximize the long-term value of HOOPP's investments, which is in accordance with HOOPP's overriding fiduciary duty to the Plan's beneficiaries.

Please read HOOPP's proxy guidelines.