| Tax-Efficient Income |
| Depending on the
characteristics of income received by the Fund, unitholders may receive a
portion of the distributions as a return of capital under Canadian tax rules.
The return of capital component reduces the adjusted cost base of the trust
units for purposes of calculating capital gains tax when the units are sold. A
portion of the distributions is deemed a return on capital and taxable as
income. |
| |
| Distribution Reinvestment Plan |
| The Fund provides
Unitholders with the opportunity to elect to reinvest monthly cash
distributions made by the Fund in additional Units and to purchase additional
Units for cash through participation in the distribution reinvestment plan of
the Fund. |
| |
| Monthly
Distributions |
| The Fund intends to
provide Unitholders with monthly cash distributions funded from the
distributions, dividends and capital gains received on the Portfolio. Such
distributions will be payable to Unitholders of record on the last day of each
month and will be paid on or before the last business day of the following
month. |
| |
| Liquidity |
| TSX Listing. The
Fund's units can be bought and sold on the TSX under the symbol
AEU.UN. |
| |
| Mandatory Market
Purchase Program. To enhance liquidity and provide market support for the
units, the Fund will be required, subject to certain limitations and
exceptions, to purchase Units offered in the market if, at any time following
the closing of this Offering, the price at which Units are offered in the
market is less than 95% of the NAV per Unit as at the close of business in
Toronto, Ontario on the immediately preceding business day. In addition, the
Fund will have the right, but not the obligation, to purchase Units in the
market at its sole discretion, subject to applicable regulatory requirements
and limitations. See the Fund's prospectus for details. |
| |
| Redemptions.
Units may be surrendered for redemption on any business day that is at least 20
business days prior to September 30 and will be redeemed on September 30 of
such year, subject to the Fund's right to suspend redemptions in certain
circumstances. A Unitholder who surrenders Units for redemption at least 20
business days prior to September 30 of any year will receive payment on or
before the 15th business day following September 30. Unitholders whose Units
are redeemed will be entitled to receive a redemption price per Unit calculated
with reference to the net asset value of the Fund (NAV) (however, at the sole
option of the Manager, the redemption price may be calculated by using a 3-day
volume weighted average trading price of a security instead of the closing
price) determined as of the applicable September 30 date less any costs of
funding the redemption, including commissions. Any unpaid distribution declared
on or before September 30 in respect of Units redeemed on such date will be
paid to the Unitholder redeeming such Units on the date on which such
distribution is payable to Unitholders. For further information, please refer
to the Fund's prospectus. |
| |
| Eligibility For Investment |
| The Fund's units are
considered Canadian property for RRSPs, RRIFs, DPSPs and RESPs. |
