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Taxation Of Distributions
Under Canadian tax laws, a component of the Fund’s cash distributions is 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 90% of cash distributed in 2008 and 80% to be distributed in 2009 will be included in the income of unitholders for income tax purposes. The remaining amount distributed in both years represents a non-taxable return of capital.