| Tax-Efficient Income |
| Depending on the
characteristics of income received by the trust, 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 |
| Unitholders have the
opportunity to elect to reinvest monthly cash distributions made by the Trust
in additional units and to purchase additional units for cash through
participation in the Distribution Reinvestment Plan. |
| |
| Distribution Enhancement |
| The Trust can utilize
its loan facility when necessary to assist in earning distributable income, as
well as effecting market purchases of units, maintaining liquidity and funding
redemptions. The Trust can borrow up to an amount not exceeding 20% of the
value of the assets within the portfolio. |
| |
| Liquidity |
| TSX Listing. The
trust's units can be bought and sold on the TSX under the symbol
IDX.UN. |
| |
| Mandatory Market
Purchase Program. To enhance liquidity and provide market support for the
units, the Trust 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 then offered for sale is less than 95% of the Net Asset Value per
Unit, subject to some limitations. See the Trust's prospectus for
details. |
| |
| Redemptions.
Units may be surrendered for redemption at any time in the month of March of
each year to MFL Management Limited, the Trust's registrar and transfer agent,
but will be redeemed only on March 31 of each year commencing in 2004.
Unitholders whose units are redeemed will be entitled to receive a redemption
price per unit equal to the net asset value(NAV) per unit. Any unpaid
distribution declared on or before a valuation date in respect of units
redeemed on such valuation date will be paid to the unitholder redeeming such
units on the applicable distribution date. For further information, please
refer to the Trust's prospectus. |
| |
| Eligibility For Investment |
| The Trust's units are
considered Canadian property for RRSPs, RRIFs, DPSPs and RESPs. |
