Charles Dillingham Homburg Invest Inc. (B) HII.B-T COMMENT Apr 11, 2007

Basically a Dutch company. About 60% of their assets are in Germany and Holland. Have assets of West, Montreal and Halifax. Likes the European exposure. Have too much debt right now and are planning to go to the market.

Charles Dillingham

Owned

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$6.450

Stock price when the opinion was issued

property mngmnt investment

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Real estate. 8.5% dividend. Listed on the European exchange and probably better known in Europe. Excellent management.

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Charles Dillingham Homburg Invest Inc. (B) HII.B-T COMMENT Apr 11, 2007

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Homburg Invest Inc. (B)(HII.B-T)

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