| 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 |
| Unitholders have 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. |
| |
| Distribution Enhancement |
| The Fund 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 Fund can borrow up to an amount not exceeding 20% of the value
of the assets within the portfolio. |
| |
| Liquidity |
| TSX Listing. The
Fund'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 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 then 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 20
business days 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 20
business days prior to November 30 of any year will receive payment on or
before the 10th 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
associated with the redemption. 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. |
