Raymond Philip Apsey

Middlefield Canadian Income PCC is a closed-end fund, which invests in a diversified portfolio composed of equity income securities and real estate investment trust. Its investment strategy is investing on larger capitalization Canadian and U.S. high yield equities with a focus on companies that pay and grow dividends. The company was founded on May 24, 2006 and is headquartered in St. Helier, the United Kingdom.

Japan Residential Investment Co. Ltd. is a closed-end investment fund/investment trust. It seeks to provide shareholders with stable income together with capital growth. The company intends to invest in and hold Japanese residential property predominantly situated in major conurbations, which offer attractive yields and the potential for capital growth. The company was founded on September 15, 2006 and is headquartered in St. Peter Port, Guernsey.

Speymill Deutsche Immobilien Co. Plc provides real estate and property development services. The Company was founded on March 1, 2006 and is headquartered in Douglas, Isle of Man.