REAL ESTATE EQUITY AND DEBT FINANCING

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PRESENTS REAL ESTATE EQUITY AND DEBT FINANCING PROGRAM CO-CHAIRS Canaccord Adams

2006 Casino Nova Scotia Halifax Join your colleagues and hear from our panel of

are Canadian REITs and real estate operating companies being valued by investors?

Corporate governance and the REITs leading role in the income trust sector Income

management: identify, understand and mitigate the risks involved with each

Emerging new players who are they and what opportunities are there in the small

Future Outlook on the Redevelopment of Halifax and the Maritimes as a Whole

1 PRESENTS REAL ESTATE EQUITY AND DEBT FINANCING PROGRAM CO-CHAIRS Canaccord Adams (Toronto) Goodmans LLP (Toronto) Meeting Your Evolving Information Needs May 24, 2006 Casino Nova Scotia Halifax Join your colleagues and hear from our panel of leading experts who will discuss the latest developments and updates such as: How are Canadian REITs and real estate operating companies being valued by investors? What and where are the niches in the marketplace? Corporate governance and the REITs leading role in the income trust sector Income tax issues related to financing and structuring REITs Property finance risk management: identify, understand and mitigate the risks involved with each transaction Are real estate organizations financial needs being met? Emerging new players who are they and what opportunities are there in the small cap arena? Future Outlook on the Redevelopment of Halifax and the Maritimes as a Whole SPONSOR KEYNOTE LUNCHEON ADDRESS John Lindsay, Jr. East Port Properties (Dartmouth, NS) MEDIA PARTNERS ENROLL TODAY! Call or fax or register online at and much more

2 WHO SHOULD ATTEND CEOs, CFOs and other management of real estate companies Canadian, U.S. and International Real Estate Executives Developers Market Consultants and Valuators Private Equity Professionals Brokers Mortgage Lenders and Investors Mezzanine Financiers Hedge Funds Manager Investment Bankers Accountants Corporate, Commercial, Securities and Real Estate Lawyers Tax Professionals Dear Colleague, The Real Estate Equity and Debt Financing Conference will provide you with an in-depth understanding of some of the latest insights into real estate trends and finance in Canada. This Insight Information conference has been developed with extensive input from a wide range of industry experts to address the key issues and opportunities across the real estate private and public markets. Speakers will include leading investment and corporate bankers, real estate executives, institutional investors and professional advisors. Whether you re a real estate owner or developer, an issuer, borrower, lender or investor, or an analyst, broker, lawyer, accountant or other advisor involved in the real estate sector, the sessions offer valuable insights and advice to assist in your own real estate initiatives and the conference represents a great opportunity to network with your peers. We look forward to seeing you in May! Yours sincerely, Delegates will receive a set of original materials as well as online access to fully searchable conference papers through Insight s that will serve as an invaluable reference source.

3 WEDNESDAY MAY 24, :30 Registration and Continental Breakfast 8:00 Welcoming Remarks from Insight Information 8:15 Co-Chairs Opening Remarks 8:30 Expected Trends and Developments in the Canadian Equity Real Estate Market Shant Poladian, CA, CPA Real Estate/REIT Analyst Stephen Sender, Industry Head Real Estate Scotia Capital Inc. (Toronto) Craig Shannon, Corporate and Investment Banking National Bank Financial Inc. (Montreal) Michael Smith, CFA Real Estate and Hospitality Analyst National Bank Financial (Toronto) Our panel will discuss the drivers behind the Canadian equity market for REITs and real estate companies. Canadian real estate entities have enjoyed a great run over the past few years, to the benefit of investors as well as vendors of real estate. Is this sustainable given the fundamentals? How are Canadian REITs and real estate operating companies being valued by investors? Can we continue to expect large volumes of equity financing activity? Should we be looking to M&A activity given how pricey real estate has become in private markets? What can we expect going forward? 9:30 Corporate Governance and the REITs Leading Role in the Income Trust Sector Michael Brooks Executive Director Real Property Association of Canada (Toronto) Kenneth Mader Mader Consulting Ltd. Al W. Mawani, LLM, MBA, CA Exponent Capital Partners Inc. (Toronto) Stephen Pincus Partner and Chair, Income Funds Group Goodmans LLP Chair, Governance Committee, CAIF (Toronto) How are Income Trust boards different than corporate boards? How do their governance standards stack up? What are current issues facing REIT Boards and how are they managing? Is there a need for a business trusts act that prescribes governance and structural standards? How are REITs dealing with the criticism over the varying definitions of Distributable Income? How will Realpac s FFO definition play with non-reit income trusts? How will REITs manage continued growth, and how can the REIT Boards positively influence that process? 10:15 Coffee Break 10:30 Canadian Emerging Market Players Bill Gorman Partner Armin Martens & CEO Westfield REIT (Winnipeg, MB) Sandy McIntyre Senior Vice & Senior Portfolio Manager Sentry Select Capital Corp. (Toronto) Vinnie Patel Northampton Group Inc. (Mississauga, ON) Jason Underwood Chief Executive Officer Whiterock Real Estate Capital (Toronto)

4 Over the past two years the investment returns of small cap and other emerging real estate equities has significantly outpaced that of their larger cap peers. Our panel will discuss the opportunities and drivers behind the recent surge in the emerging and small cap real estate arena. What are the attributes of the newer players and the reasons for their success? What are the alternatives to access the market? What is on the horizon for the next generation REITs and is there room to play? What are the challenges for the new players product, financing, governance? Financial, accounting and tax issues related to financing and structuring REITs 11:30 Networking Luncheon 12:00 Luncheon Address Future Outlook on the Redevelopment of Halifax and the Maritimes as a Whole John Lindsay, Jr. East Port Properties (Dartmouth, NS) 12:45 Eliminating the Roadblocks in the Deal Process Jeff White, CA Vice Deloitte (Saint John, NB) Paul W. Festeryga Partner John Roy, FCA Office Managing Partner Grant Thornton LLP (Halifax) Our experienced panelists will address common issues that arise when doing a real estate financing deal. They will also provide techniques on how to best identify these issues, and what are the best practices in resolving and overcoming these obstacles. 1:30 Refreshment Break 1:45 Capital for Debt and Equity Financing James M. Dickson Partner Brydon Cruise Managing Partner Brascan Financial Real Estate Group (Toronto) Ian MacLure, CA RBC Capital Markets (Toronto) The availability of capital for investment in real estate has never been greater while product availability remains a challenge. Our panel will discuss capital raising alternatives, who the various providers of capital are and their return expectations and the overall cost of capital equation. Supply of equity and hybrid equity securities what is the outlook Debt and how this influences the cost of capital What property classes and markets are attracting the most demand? Credit Tenant Loan Securitizations Outlook for new sources of capital 2:45 CEO Roundtable: What s on the Horizon for the Canadian Real Estate Market? J. Stuart Blair & Chief Executive Officer Crombie REIT Michael Cooper CEO Dundee Real Estate Investment Trust ("Dundee REIT") Paul Dykeman Chief Operating Officer Summit REIT (Dartmouth)

5 Philip D. Fraser & CEO Killam Properties Inc. (Halifax) Glenn Squires Pacrim Hospitality Services Inc. (Halifax) In this final session, the market perspective for 2006 and potential issues on the horizon, together with new issues that have been raised during the course of today s conference will be discussed. 3:45 Closing Remarks from Co-Chairs and Conference Ends UPCOMING INSIGHT EVENTS ENVIRONMENTAL LAW IN ATLANTIC CANADA May 15 16, 2006 Halifax HEDGE FUNDS May 16 17, 2006 Toronto 3 rd Annual LAND DEVELOPMENT AND PLANNING IN ONTARIO May 30 31, 2006 Toronto PRIVATE PLACEMENTS May 31, 2006 Chicago FACULTY J. Stuart Blair Crombie REIT Michael Brooks Real Property Association of Canada (Toronto) Michael Cooper Dundee Real Estate Investment Trust ("Dundee REIT") Brydon Cruise Brascan Financial Real Estate Group (Toronto) James M. Dickson Paul Dykeman Summit REIT (Dartmouth) Paul W. Festeryga Philip D. Fraser Killam Properties Inc. (Halifax) Bill Gorman John Lindsay, Jr. East Port Properties (Dartmouth, NS) Ian MacLure, CA RBC Capital Markets (Toronto) Kenneth Mader Mader Consulting Ltd. Armin Martens Westfield REIT (Winnipeg, MB) Al W. Mawani, LLM, MBA, CA Exponent Capital Partners Inc. (Toronto) Sandy McIntyre Sentry Select Capital Corp. (Toronto) Vinnie Patel Northampton Group Inc. (Mississauga, ON) Stephen Pincus Goodmans LLP CAIF (Toronto) Shant Poladian, CA, CPA John Roy, FCA Grant Thornton LLP (Halifax) Stephen Sender Scotia Capital Inc. (Toronto) Craig Shannon National Bank Financial Inc. (Montreal) Michael Smith, CFA National Bank Financial (Toronto) Jason Underwood Whiterock Real Estate Capital (Toronto) Jeff White, CA Deloitte (Saint John, NB) Glenn Squires Pacrim Hospitality Services Inc. (Halifax)

6 Yes! Please register the following delegate(s) (photocopy for additional delegates) PRIORITY CODE: 979-PDF PRESENTS Mr. Ms. Name: Title: REAL ESTATE EQUITY AND DEBT FINANCING Company: Business Address: City: Province: Postal Code: Telephone: ( ) Fax: ( ) Type of Business: #of Employees: May 24, 2006 Casino Nova Scotia Halifax You may receive by mail, telephone, facsimile or information regarding products and services from either Insight Information or third parties with whom we partner. If you do not wish to receive such information from either Insight Information or third parties, please inform us by at privacy@insightinfo.com or by telephone at ext.173 and we will take the necessary action to fulfill your request. We occasionally mail to selected lists which cannot be cross-checked against our files. If you receive another copy of this brochure, please pass it along to an interested associate. Need additional information? Subscribe to Conference Code: REC06979 Gain online access to valuable conference papers and reports from any Insight conferences whether it s energy, environment, finance, legal, or any of the other sectors covered at Insight conferences by subscribing today to. To find out more, or to receive a free trial subscription, call or order@insightinfo.com. FIVE EASY WAYS TO REGISTER 1. Call: Fax: I Mail: u Insight Information, 214 King Street West, Suite 300, Toronto, Ontario M5H 3S6 4. ! order@insightinfo.com 5. Internet: U HOTEL RESERVATIONS: The Casino Nova Scotia is conveniently located at 1983 Upper Water Street, Halifax, NS. For overnight accommodation, please contact the Casino Nova Scotia Hotel located at 1919 Upper Water Street. Tel: (902) or by fax (902) CANCELLATION AND REFUND POLICY: Refunds will be given for cancellations received in writing by May 3, 2006 subject to an administration fee of $ plus $30.00 HST for a total of $ If your fees have not been paid and you are canceling, you are still liable for the cancellation fees of $ plus $30.00 HST for a total of $ Please note that if you register for the conference and do not attend, you are liable for the full registration fee unless you cancel within the period stated above. If you register after May 3, 2006, your order is firm. A refund will not be given; however a delegate substitution is welcome at any time. SPONSORSHIP OPPORTUNITIES: If you are interested in dispalaying your company's products or services to high level key decision makers within your target audience, please call Daniel Moskowitz at ext. 110 or dmoskowitz@insightinfo.com for details. REGISTRATION FEE: (Includes meals, documentation and, fully searchable online access to this conference s papers*) Please check your choice: SPECIAL PRICE for Real Estate Brokers and Property Managers : $ HST ($149.25) = $1, Conference Price: $1, HST ($194.25) = $ Payment enclosed. Payment to follow. (GST Reg. # RT0001) Charge to my VISA AMEX MC Card Number: Card Holder s Name: Signature: ORDER FORM Expiry Date: Date: PLEASE NOTE: Full payment is required in advance of conference dates. Please make all cheques payable to Insight Information. * Please allow 4-6 weeks after conference for activation of login and password. SPECIAL OFFER: Send 4 people for the price of 3! Register 3 delegates for the main conference at regular price at the same time and you re entitled to register a fourth person from your organization at no charge. To take advantage of this special offer, payment for all delegates must be made with one cheque or credit card charge. INSIGHT reserves the right to change program date, meeting place or content without further notice and assumes no liability for these changes Insight Information

PRESENTS. 5 th Annual. Advanced Securities Course and Advanced Corporate and Commercial Law. Monday January 30, 2006 Advanced Securities Course

PRESENTS. 5 th Annual. Advanced Securities Course and Advanced Corporate and Commercial Law. Monday January 30, 2006 Advanced Securities Course PRESENTS 5 th Annual LAW CLERKS FORUM Advanced Securities Course and Advanced Corporate and Commercial Law DAY ONE CO-CHAIRS January 30-31, 2006 St. Andrew s Club and Conference Centre 150 King Street