LONDON LIFE - REAL ESTATE FUND - Q3 BULLETIN 2023 1998 CORE

LONDON LIFE REAL ESTATE FUND - Q3 BULLETIN 2023 LONDON LIFE Key Facts REAL ESTATE FUND Date established Q3 BULLETIN 2023 1998 Through three quarters of 2023, the total gross return for the London Life Real Estate Fund was -0.11%. [...] Financing Initiatives: The Fund was Notable News: In Q3, North York Centre Net Fund Value successful in completing a number of financing was awarded a Fitwel 1 Star Rating by the $2.9B initiatives in Q3, moving its debt strategy Center for Active Design – a certification forward and improving the overall fund that illustrates management’s commitment level loan-to-value by 150bps to 22.2%. [...] Utilizing CMHC insured in the 2023 Michelin Guide, one of the very 85 financing to achieve the overall lowest cost of first in Canada to be recognized by the world’s capital remains a priority which was highlighted foremost food critic. [...] YTD FUND GROWTH ($ Millions) 2018 2019 2020 2021 2022 30-Sept Real estate $ 2,888 $ 2,144 $ 3,066 $ 3,520 $ 3,536 $ 3,444 Cash $ 259 $ 308 $ 355 $ 366 $ 269 $ 305 Short term assets & liabilities $ (75) $ (94) $ (91) $ (94) $ (82) $ (88) Gross fund value $ 2,072 $ 3,359 $ 3,329 $ 3,791 $ 3,722 $ 3,661 Net fund value $ 2,587 $ 2,724 $ 2,603 $ 2,061 $ 2,952 $ 2,850 Debt/gross fund value 15.8% 18.9% 2. [...] gwlra.com LONDON LIFE REAL ESTATE FUND - Q3 BULLETIN 2023 GROSS RETURN FUND GROWTH DIVERSIFICATION BY REGION DIVERSIFICATION BY TYPE VACANCY AS % OF TOTAL – BY REGION VACANCY AS % OF TOTAL – BY TYPE.