Distributions from the capital units may have tax benefits which result in higher after-tax cash flow than if the income had been earned as interest income. It is expected that distributions on the Capital units will be mainly comprised of capital gains or return of capital. Distributions on the Preferred securities are expected to be interest income.

The impact of a return of capital is that this portion of the distribution is tax deferred and reduces the adjusted cost base of the unitholder's trust units. The reduction in the adjusted cost base of the units is ultimately taxed as a capital gain when the unit is sold for investors who hold their units as capital property.

The annual breakdown of capital units distributions for tax purposes will be provided to unitholders annually in March as soon as possible following receipt of the information from the Fund's individual holdings. This information will also be posted on the website as soon as it is available.

This information is of a general nature only and does not constitute legal or tax advice to any particular investor. Accordingly, prospective investors are advised to consult their own tax advisors with respect to their individual circumstances.

2007 Tax Information

The following information is applicable to holders who, for the purpose of the Income Tax Act (Canada), are resident in Canada and hold Fund units as capital property outside of an RRSP, RRIF or DPSP. Unitholders should receive a T3 slip (for Capital Units) or a T5 slip (for Preferred Securities) from their investment dealer providing this information.

T3 supplementary slips for holdings of the Fund will indicate Foreign Non-Business Income in Box 25, Investment Income in Box 26, Capital Gains in Box 21 and Dividend Income in Box 23 and Box 49. Dividend income is subject to the standard gross-up and federal dividend tax credit rules.

The return of capital component is a non-taxable amount that serves to reduce the adjusted cost base of Fund units and is reported on the T3 supplementary slips in Box 42.

T5 supplementary slips will indicate Interest from Canadian Sources in Box 13.

The following table outlines the breakdown of the Fund's distributions declared in 2007 on a per unit basis.

Please select year to display the breakdown of the cash distributions payable in 2007200620052004 on a per unit basis.

Capital Unit

Capital Unit