<PAGE> 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).
<PAGE> 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
<PAGE> 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
<PAGE> 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
<PAGE> 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
<PAGE> 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
<PAGE> 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
<PAGE> 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
<PAGE> 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.
<PAGE> 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:
<TABLE>
<CAPTION>
Shares of % of
Common Class of
Name Stock Common Stock
---- ----- ------------
<S> <C> <C>
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%
</TABLE>
(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.
<PAGE> 11
- 5 -
<TABLE>
<CAPTION>
Approximate Price
Per Share ($)
Amount of Shares (exclusive of
Date Of Common Stock commissions)
<S> <C> <C>
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
</TABLE>
(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.
<PAGE> 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.
<PAGE> 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
<PAGE> 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.
<TABLE>
- ----------------------------------------------------------------------------------------------------------
<S> <C> <C>
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)
- ----------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 15
<TABLE>
- ----------------------------------------------------------------------------------------------------------
<S> <C> <C>
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.
- ----------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 16
<TABLE>
- ----------------------------------------------------------------------------------------------------------
<S> <C> <C>
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.
- ----------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 17
<TABLE>
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C>
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.
- --------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 18
<TABLE>
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C>
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)
- -------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 19
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C>
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.
- --------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 20
<TABLE>
<S> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------
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.
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 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
