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| Closed-end Funds |
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| Alberta
Focused Income
& Growth Fund |
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| Tax-Efficient Income |
| Distributions are
intended to be tax-efficient when compared to distributions on units of a trust
that depends solely on interest, dividends and/or other investment income to
fund distributions. |
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| Distribution Reinvestment Plan |
| The Trust has adopted a
distribution reinvestment plan which will provide that all monthly cash
distributions made by the Trust shall, at the election of each Unitholder, be
automatically reinvested in additional Units. |
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| Liquidity |
| TSX Listing. The
trust's units can be bought and sold on the TSX under the symbol
AFZ.UN. |
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| Mandatory Market
Purchase Program. To enhance liquidity and to provide market support for
the Units, the Trust will have a mandatory market purchase program under which
the Trust will, be obligated to purchase any Units offered in the market at the
then prevailing market price if, at any time, the price at which Units are then
offered for sale is less than 95% of the NAV per Unit as at the close of
business in Toronto, Ontario on the immediately preceding business day, subject
to some limitations. See the Trust's prospectus for details. |
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| Redemptions.
Commencing in 2007, Units may be surrendered for redemption on any business day
that is at least 20 business days prior to October 31 and will be redeemed on
October 31 of such year, subject to the Trust's right to suspend redemptions in
certain circumstances. A Unitholder who surrenders Units for redemption at
least 20 business days prior to October 31 of any year will receive payment on
or before the 15th business day following October 31. 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 Trust (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 October 31 date less any costs
associated with the redemption, including, without limitation, if the Manager
determines that it is not practicable or necessary for the Trust to sell
Portfolio securities to fund such redemption, the aggregate of all brokerage
fees, commissions and other transaction costs that the Manager estimates would
have resulted from such a sale. Any unpaid distribution declared on or before
October 31 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 Trust's
prospectus. |
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| Eligibility For Investment |
| The Trust's units are
considered Canadian property for RRSPs, RRIFs, DPSPs and RESPs. |
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