Ronald Stern

FP Newspapers Income Fund is an unincorporated open-ended limited purpose trust. The activities of the Fund includes the indirect ownership of interests in other newspapers and media businesses. The Fund has a wholly owned subsidiary, FPCN Holdings Trust. It owns a 49% interest in FP Canadian Newspapers Limited Partnership. FPLP publishes, prints and distributes daily and weekly newspapers and specialty publications, delivers advertising materials in the Manitoba and Northwestern Ontario markets and provides commercial printing services.

FP Canadian Newspapers LP engages in the distribution of newspapers. The firm owns Winnipeg Free Press, Brandon Sun and community newspapers. The company is headquartered in Vancouver, Canada.

West Linn Paper Co. manufactures coated free sheet web paper. Its products are sold throughout North America and are used for advertising materials, direct mail, magazines, catalogs and book publishing. The company was founded in 1889 and is headquartered in West Linn, OR.

West Fraser Mills Ltd. produces and offers lumber and forest products. The company was founded in 2005 and is headquartered in Vancouver, Canada.

Forest Products Association of Canada operates as a wood, pulp and paper producer. The company was founded in 1913 and is headquartered in Ottawa, Canada.

Stern Partners, Inc. is a private equity firm headquartered in Vancouver, British Columbia.

Greenstar Plant Products, Inc. manufactures and distributes garden and growing products and services to commercial operators. The firm serves to vineyards, landscapers, greenhouses, municipalities, nurseries, organic farms, golf courses and retail indoor and outdoor garden centers. The company was founded in 1995 and is headquartered in Langley, Canada.

National Energy Equipment, Inc. manufactures and distributes energy equipment and energy related products. It provides green energy, fireplace products, home comfort heating and air conditioning products, petroleum, propane, and fabrication and facility maintenance services. The company was founded in 1947 and is headquartered in Mississauga, Canada.