| Tax-Efficient Income |
| Units are intended to
provide Unitholders with tax efficient participation in returns on the
Portfolio. 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 intends to
provide 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. |
| |
| Liquidity |
| TSX Listing. The
Fund's units can be bought and sold on the TSX under the symbol
COZ.UN |
| |
| Mandatory Market
Purchase Program. To enhance liquidity and provide market support for the
units, the Fund will be obligated to purchase for cancellation any units
offered in the market at the then prevailing market price if the price at which
units are offered for sale is less than 95% of the Net Asset Value per Unit,
subject to some limitations. See the Fund's prospectus for details. |
| |
| Redemptions.
Units may be surrendered for redemption on any business day that is at least
one month prior to November 30 and will be redeemed on November 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 one
month prior to November 30 of any year will receive payment on or before the
15th business day following November 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 November 30 date less any costs of funding the
redemption, including commissions. Any unpaid distribution declared on or
before November 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. |
