Update from Burgundy on COVID-19 Response

The health and safety of our clients and our employees are of the utmost importance to us during this challenging period. Given the concern associated with the spread of COVID-19, effective immediately, Burgundy has implemented a remote working policy. As a result, our Toronto, Vancouver and Montreal offices will have restricted access.

We have long had business continuity plans in place to deal with an event such as this, and are well equipped to carry on business as usual. Please be assured that we will continue to serve our clients and partners in the highest possible manner during this period.

In order to help alleviate any concerns during this uncertain period, we have outlined the below details:

INVESTMENT TEAM: As our primary duty is to preserve and grow the capital of our clients over the long term, we wanted to assure you that our Investment and Trading teams are well equipped to work remotely. Our Portfolio Managers and Analysts will continue to conduct the same in-depth research following our quality value investment philosophy, and applying our margin of safety discipline. They will continue to function as a team, and to interact with management teams from our portfolio or Dream Team companies, albeit remotely.

CONTACTING BURGUNDY: Clients can remain in contact with their Investment Counsellor, Relationship Manager and other members of our service team using their current phone number and email address.

Although these are uncertain times, it is important to reiterate that we remain steadfast in our mission. All of Burgundy – Investments, Trading, Client Service and Operations – remains committed to working together and continuing to put the interests of our clients first, as we shift to this virtual setting. We are proactively seeking solutions to any challenges that may arise during this period.

Our clients and our employees remain our top priority, and it is during such times that we are reminded of the importance of community. We must all work together as we each have a role to play in resolving this unprecedented situation; Burgundy is proud to do its part.

We value the continued confidence our clients and partners have shown in Burgundy. As always, if you have any questions or concerns, please reach out to us directly.

Sincerely,

Burgundy Asset Management

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