Trustees
The Fund is governed by a board of five trustees, three of whom are independent
of the Fund or its manager.
The Board oversees the business and affairs of the Fund. The independent trustees
also monitor the performance of the fund manager, Brookfield Real Estate Services
Limited, a subsidiary of Brookfield Asset Management Inc., on behalf of the Fund
and ensure compliance with the terms of the Management Services Agreements.
The trustees have adopted formal terms of reference regarding their responsibilities
and all matters of governance. They have agreed to formal distribution and disclosure
policies, which are reviewed on an ongoing basis.
Lorraine Bell - Trustee and Chair of the Audit Committee
Since 1996, Ms. Bell has been a self-employed consultant. She is a chartered accountant
with over 20 years of experience in the financial sector. Ms. Bell is a member of
the Board of Directors and the Audit Committee of the Ontario Financing Authority.
Prior to being self-employed, she was the founder and responsible for General Re
Financial Products Canada, a derivatives services company, which she ran from 1993
until 1996.
Simon Dean - Trustee
Since April, 2005 Mr. Dean has been a self-employed consultant. Previously, he was
Chief Executive Officer of the Manager (and its predecessor RL RES) since January
1995 and Managing Partner of Brookfield Business Services since 2001. Prior to joining
RL RES, he was President and Chief Executive Officer of three retail organizations
owned by Rogers Communications Inc. from 1988 to 1993 and Executive Vice President
of Rogers Cantel Mobile Communications Inc., a national cellular service provider
from 1993 to 1994.
Allen Karp - Trustee and Chair of the Governance Committee
Mr. Karp resides in Toronto, Ontario. Mr. Karp was a partner in the law firm of
Goodman and Carr LLP, where he practiced law from 1966 to 1986. Mr. Karp had been
with Cineplex Odeon Corporation since 1986, where he retired as President and C.E.O.
in 2002; and as Chairman Emeritus in 2005. Mr. Karp also sits on the Board of Directors
of Alliance Atlantis Communications Inc.; Teknion Corporation; Tucows Inc.; is a
Trustee and Chairman of IBI Income Fund; and is Chairman of the Toronto International
Film Festival Group.
Gail Kilgour - Trustee
Ms. Kilgour brings more than 25 years of experience in the financial services industry
to the Board. She currently serves on the Board of Governors at the University of
Guelph and chairs their Audit Committee. She also serves on the Board of Directors
for the Ontario Realty Corporation and chairs their Human Resources Committee. A
self employed consultant since 2005 and Corporate Director, Ms. Kilgour was prior
to 2004 employed by the Canadian Imperial Bank of Commerce ("CIBC"), in a number
of senior management roles including, Senior Vice President, Government Sponsored
Student Loans, President and Chief Executive Officer, EDULINX Canada Corporation,
a subsidiary of CIBC and Senior Vice-President, CIBC's e-Business Strategy.
George Myhal - Trustee and Chairman
Mr. Myhal is Managing Partner of Brookfield Asset Management Inc. He has held a number of senior positions within Brookfield since joining the company in 1981, and has been instrumental in the development and growth of Brookfield's asset management business. Mr. Myhal is a Chartered Accountant and industrial engineering graduate of the University of Toronto.