The Public Sector Pension Investment Board (“PSP Investments”) is a Canadian crown corporation established to invest the amounts transferred by the federal government equal to the proceeds of the net contributions since April 1, 2000, for the pension plans of the Public Service, the Canadian Forces and the Royal Canadian Mounted Police, and since March 1, 2007, for the Reserve Force Pension Plan (the “Plans”).

Its statutory objectives are to manage the funds entrusted to it in the best interests of the contributors and beneficiaries of the Plans and to maximize investment returns without undue risk of loss, having regard to the funding, policies and requirements of the Plans and their ability to meet their financial obligations.

Annual net contributions are expected to total more than $4 billion per year in the near future, and net contributions are expected to remain positive for the next two decades.

Amounts are invested in fixed income instruments, Canadian and foreign equities, real estate, private equities, infrastructure and other permissible investments through in-house and external managers.

The head office of PSP Investments is located in Ottawa. Its principal business office is in Montreal.