As
founder of Kinnear Financial Limited and its related companies, Pengrowth
Management Limited and Caledonian Royalty Corporation, Jim Kinnear has
provided vision and leadership to one of North America’s oldest, largest and
most successful energy royalty trusts for over 20 years. Formed in 1988 with
a Cdn$12.5 million offering, Pengrowth Energy Trust has a current enterprise
value of approximately $4.3 billion and more than 600 team members. Revenues
in 2008 totaled approximately $1.9 billion and cash flow totaled
approximately $900 million.
Since inception, Pengrowth has completed more than 50 acquisitions with a
total value of over $5 billion and has evolved into a major oil and natural
gas producer. In addition, Pengrowth Energy Trust has raised over $3.5
billion in equity and $1.0 billion of private placement debt over its
20-year history. The Trust has provided an average compound rate of return
of over 15 percent annually to investors over the past two decades.
Jim graduated from the University of Toronto in 1969 with a Bachelor of
Science degree and received his CFA designation in 1979. Prior to moving to
Calgary in 1980 and founding Pengrowth Management Limited in 1982, Jim
worked in the securities industry in Toronto and Montreal as well as London,
England.
Jim currently serves on a number of charitable boards and committees and has
received numerous awards for his business and community accomplishments. Jim
was recently awarded an Honorary Doctorate of Commerce from St. Mary’s
University, Halifax, Nova Scotia.