Hexavest Inc.

Q1 2016 13F Holdings Report, Stock Holdings

Signature - Title: Lucille Leonard - Chief Accountant
Location: Montreal, Quebec, Canada
Holdings as of: March 31, 2016
Value $: $6.71B
Num holdings: 501
Date filed: 4/12/2016, 03:25 PM
Form type: 13F-HR
Description: All US holdings of this investor are reported in this report. Top holdings included GDX, T, VZ, SO, and PFE.
Previous filing: Q4 2015 - Jan 28, 2016
Next filing: Q2 2016 - Jul 14, 2016
SEC: View on sec.gov

Sym	Weight	Trade Impact	Company	Class	Shares Change	Activity	Value Change $	Value $	* Price $	Shares	Principal
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* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name	Title	City, State	Date
Lucille Leonard	Chief Accountant	Montreal, Quebec, Canada	4/12/2016