The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ACCENTURE PLC IRELAND SHS CLASS A G1151C101 6,161 35,000 SH   SOLE N/A 0 0 35,000
ADOBE INC COM 00724F101 3,251 12,200 SH   SOLE N/A 0 0 12,200
AERCAP HOLDINGS NV SHS N00985106 3,723 80,000 SH   SOLE N/A 0 0 80,000
ALPHABET INC CAP STK CL A 02079K305 9,062 7,700 SH   SOLE N/A 0 0 7,700
ALPHABET INC CAP STK CL C 02079K107 2,918 1,861 SH   DFND N/A 0 0 1,861
AMAZON COM INC COM 023135106 3,586 1,507 SH   DFND N/A 0 0 1,507
AMERICAN INTL GROUP INC COM NEW 026874784 3,100 72,000 SH   SOLE N/A 0 0 72,000
AMERICAN TOWER CORP NEW COM 03027X100 2,400 9,113 SH   DFND N/A 0 0 9,113
APPLE INC COM 037833100 16,716 88,000 SH   SOLE N/A 0 0 88,000
ARES CAP CORP COM 04010L103 5,801 253,267 SH   SOLE N/A 0 0 253,267
BANK AMER CORP COM 060505104 8,884 322,000 SH   SOLE N/A 0 0 322,000
BANK N S HALIFAX COM 064149107 20,647 294,500 SH   SOLE N/A 0 0 294,500
BARRICK GOLD CORPORATION COM 067901108 192 10,454 SH   DFND N/A 0 0 10,454
BERRY GLOBAL GROUP INC COM 08579W103 3,022 56,100 SH   SOLE N/A 0 0 56,100
BLACKROCK INC COM 09247X101 6,624 15,500 SH   SOLE N/A 0 0 15,500
BOEING CO COM 097023105 3,433 9,000 SH   SOLE N/A 0 0 9,000
BOSTON SCIENTIFIC CORP COM 101137107 4,606 120,000 SH   SOLE N/A 0 0 120,000
BRISTOL MYERS SQUIBB CO COM 110122108 3,053 64,000 SH   SOLE N/A 0 0 64,000
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 8,281 133,000 SH   SOLE N/A 0 0 133,000
BROOKFIELD PPTY PARTNERS L P UNIT LTD PARTN G16249107 2,612 95,000 SH   SOLE N/A 0 0 95,000
CANADIAN NAT RES LTD COM 136385101 17,824 485,800 SH   SOLE N/A 0 0 485,800
CANADIAN NATL RY CO COM 136375102 12,992 108,600 SH   SOLE N/A 0 0 108,600
CANADIAN PAC RY LTD COM 13645T100 1,377 5,000 SH   SOLE N/A 0 0 5,000
CARLISLE COS INC COM 142339100 5,873 47,900 SH   SOLE N/A 0 0 47,900
CARNIVAL CORP UNIT 99/99/9999 143658300 4,565 90,000 SH   SOLE N/A 0 0 90,000
CDN IMPERIAL BK COMM TORONTO COM 136069101 10,095 95,600 SH   SOLE N/A 0 0 95,600
CHECK POINT SOFTWARE TECH LT ORD M22465104 311 1,837 SH   DFND N/A 0 0 1,837
CHEESECAKE FACTORY INC COM 163072101 9,295 190,000 SH   SOLE N/A 0 0 190,000
CITIGROUP INC COM NEW 172967424 8,400 135,000 SH   SOLE N/A 0 0 135,000
CLOROX CO DEL COM 189054109 2,809 13,100 SH   DFND N/A 0 0 13,100
COCA COLA CO COM 191216100 2,089 33,367 SH   DFND N/A 0 0 33,367
COMCAST CORP NEW CL A 20030N101 7,036 176,000 SH   SOLE N/A 0 0 176,000
CONAGRA BRANDS INC COM 205887102 2,439 65,800 SH   DFND N/A 0 0 65,800
COSTCO WHSL CORP NEW COM 22160K105 6,296 26,000 SH   SOLE N/A 0 0 26,000
CROWN CASTLE INTL CORP NEW COM 22822V101 5,120 40,000 SH   SOLE N/A 0 0 40,000
DAVE & BUSTERS ENTMT INC COM 238337109 2,494 50,000 SH   SOLE N/A 0 0 50,000
DELPHI TECHNOLOGIES PLC SHS G2709G107 8,128 422,000 SH   SOLE N/A 0 0 422,000
DOWDUPONT INC COM 26078J100 5,498 103,126 SH   SOLE N/A 0 0 103,126
ECOLAB INC COM 278865100 3,130 13,269 SH   DFND N/A 0 0 13,269
ELECTRONIC ARTS INC COM 285512109 9,655 95,000 SH   SOLE N/A 0 0 95,000
ENBRIDGE INC COM 29250N105 16,771 346,500 SH   SOLE N/A 0 0 346,500
EOG RES INC COM 26875P101 4,854 51,000 SH   SOLE N/A 0 0 51,000
EXXON MOBIL CORP COM 30231G102 2,208 20,447 SH   DFND N/A 0 0 20,447
FEDEX CORP COM 31428X106 7,801 43,000 SH   SOLE N/A 0 0 43,000
FIRST REP BK SAN FRANCISCO C COM 33616C100 1,697 12,641 SH   DFND N/A 0 0 12,641
FRANKLIN RES INC COM 354613101 7,307 220,500 SH   SOLE N/A 0 0 220,500
GENERAL MLS INC COM 370334104 4,834 69,900 SH   DFND N/A 0 0 69,900
HDFC BANK LTD SPONSORED ADS 40415F101 6,231 40,228 SH   DFND N/A 0 0 40,228
HOME DEPOT INC COM 437076102 3,393 13,230 SH   DFND N/A 0 0 13,230
HOME DEPOT INC COM 437076102 6,716 35,000 SH   SOLE N/A 0 0 35,000
HORMEL FOODS CORP COM 440452100 2,283 51,000 SH   SOLE N/A 0 0 51,000
HORMEL FOODS CORP COM 440452100 2,871 48,000 SH   DFND N/A 0 0 48,000
HP INC COM 40434L105 2,522 129,800 SH   SOLE N/A 0 0 129,800
JPMORGAN CHASE & CO COM 46625H100 9,111 90,000 SH   SOLE N/A 0 0 90,000
KIMBERLY CLARK CORP COM 494368103 4,470 27,000 SH   DFND N/A 0 0 27,000
L BRANDS INC COM 501797104 7,171 260,000 SH   SOLE N/A 0 0 260,000
LAMB WESTON HLDGS INC COM 513272104 1,285 12,833 SH   DFND N/A 0 0 12,833
LAUDER ESTEE COS INC CL A 518439104 3,973 24,000 SH   SOLE N/A 0 0 24,000
M & T BK CORP COM 55261F104 9,264 59,000 SH   SOLE N/A 0 0 59,000
MAGNA INTL INC COM 559222401 6,832 105,000 SH   SOLE N/A 0 0 105,000
MANULIFE FINL CORP COM 56501R106 10,606 469,300 SH   SOLE N/A 0 0 469,300
MEDTRONIC PLC SHS G5960L103 7,162 78,636 SH   SOLE N/A 0 0 78,636
MERCK & CO INC COM 58933Y105 3,909 47,000 SH   SOLE N/A 0 0 47,000
MERCK & CO INC COM 58933Y105 4,268 38,400 SH   DFND N/A 0 0 38,400
METHANEX CORP COM 59151K108 11,765 155,000 SH   SOLE N/A 0 0 155,000
MICROSOFT CORP COM 594918104 2,393 15,184 SH   DFND N/A 0 0 15,184
MICROSOFT CORP COM 594918104 12,025 101,960 SH   SOLE N/A 0 0 101,960
MOGO FIN TECHNOLOGY INC COM 608008108 488 147,341 SH   SOLE N/A 0 0 147,341
MOLSON COORS BREWING CO CL B 60871R209 7,158 120,000 SH   SOLE N/A 0 0 120,000
MONDELEZ INTL INC CL A 609207105 1,294 19,400 SH   DFND N/A 0 0 19,400
NEWELL BRANDS INC COM 651229106 2,347 153,000 SH   SOLE N/A 0 0 153,000
NEXTERA ENERGY INC COM 65339F101 5,413 28,000 SH   SOLE N/A 0 0 28,000
NEXTERA ENERGY PARTNERS LP COM UNIT PART IN 65341B106 2,332 50,000 SH   SOLE N/A 0 0 50,000
NUTRIEN LTD COM 67077M108 8,951 127,000 SH   SOLE N/A 0 0 127,000
NVIDIA CORP COM 67066G104 5,028 28,000 SH   SOLE N/A 0 0 28,000
NXP SEMICONDUCTORS N V COM N6596X109 302 2,556 SH   DFND N/A 0 0 2,556
PFIZER INC COM 717081103 2,900 51,100 SH   DFND N/A 0 0 51,100
PFIZER INC COM 717081103 3,950 93,000 SH   SOLE N/A 0 0 93,000
PROCTER AND GAMBLE CO COM 742718109 1,924 13,839 SH   DFND N/A 0 0 13,839
PROCTER AND GAMBLE CO COM 742718109 7,700 74,000 SH   SOLE N/A 0 0 74,000
ROYAL BK CDA MONTREAL QUE COM 780087102 21,453 212,790 SH   SOLE N/A 0 0 212,790
SHAW COMMUNICATIONS INC CL B CONV 82028K200 8,565 308,000 SH   SOLE N/A 0 0 308,000
SHERWIN WILLIAMS CO COM 824348106 2,713 6,300 SH   SOLE N/A 0 0 6,300
STANTEC INC COM 85472N109 3,663 116,000 SH   SOLE N/A 0 0 116,000
SUN LIFE FINL INC COM 866796105 10,299 200,600 SH   SOLE N/A 0 0 200,600
SUNCOR ENERGY INC NEW COM 867224107 17,350 400,600 SH   SOLE N/A 0 0 400,600
SYNCHRONY FINL COM 87165B103 5,902 185,000 SH   SOLE N/A 0 0 185,000
TECK RESOURCES LTD CL B 878742204 6,617 214,000 SH   SOLE N/A 0 0 214,000
TEMPLETON GLOBAL INCOME FD COM 880198106 15,137 1,797,938 SH   SOLE N/A 0 0 1,797,938
TEXAS INSTRS INC COM 882508104 7,425 70,000 SH   SOLE N/A 0 0 70,000
THERMO FISHER SCIENTIFIC INC COM 883556102 3,085 8,435 SH   DFND N/A 0 0 8,435
THERMO FISHER SCIENTIFIC INC COM 883556102 6,022 22,000 SH   SOLE N/A 0 0 22,000
THL CREDIT INC COM 872438106 639 72,894 SH   SOLE N/A 0 0 72,894
THOR INDS INC COM 885160101 5,925 95,000 SH   SOLE N/A 0 0 95,000
TJX COS INC NEW COM 872540109 5,773 108,500 SH   SOLE N/A 0 0 108,500
TORONTO DOMINION BK ONT COM NEW 891160509 22,090 304,600 SH   SOLE N/A 0 0 304,600
TRANSCANADA CORP COM 89353D107 10,088 168,070 SH   SOLE N/A 0 0 168,070
UNION PACIFIC CORP COM 907818108 4,648 27,800 SH   SOLE N/A 0 0 27,800
UNITEDHEALTH GROUP INC COM 91324P102 2,967 12,000 SH   SOLE N/A 0 0 12,000
VALERO ENERGY CORP NEW COM 91913Y100 11,537 136,000 SH   SOLE N/A 0 0 136,000
VISA INC COM CL A 92826C839 7,109 34,058 SH   DFND N/A 0 0 34,058
VISA INC COM CL A 92826C839 7,966 51,000 SH   SOLE N/A 0 0 51,000
VULCAN MATLS CO COM 929160109 3,315 28,000 SH   SOLE N/A 0 0 28,000
WASTE MGMT INC DEL COM 94106L109 1,430 10,300 SH   DFND N/A 0 0 10,300
WASTE MGMT INC DEL COM 94106L109 4,364 42,000 SH   SOLE N/A 0 0 42,000
WELLS FARGO CO NEW COM 949746101 1,594 24,689 SH   DFND N/A 0 0 24,689
WESTROCK CO COM 96145D105 2,378 62,000 SH   SOLE N/A 0 0 62,000
WEYERHAEUSER CO COM 962166104 3,477 132,000 SH   SOLE N/A 0 0 132,000
WHEATON PRECIOUS METALS CORP COM 962879102 3,976 125,000 SH   SOLE N/A 0 0 125,000
XYLEM INC COM 98419M100 4,742 60,000 SH   SOLE N/A 0 0 60,000