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Taxation Of Distributions
Under Canadian tax laws, a component of the Fund's cash distributions are taxable in the hands of the unitholder, with the remaining portion treated as a return of capital unless held in a tax-deferred account. Based on current operations, the Fund estimates that approximately 80% of cash to be distributed in 2007 and to be distributed 2008 will be included in the income of unitholders for tax purposes. The remaining 20% of cash distributed represents the non-taxable return of capital.