| Tax-Efficient Income |
| Units are intended to
provide Unitholders with tax efficient participation in returns on the
Portfolio. The proportion of distributions characterized as a return of capital
for Unitholders will be affected by the amount received by the Fund on the
Portfolio. |
| |
| 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 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
MTZ.UN. |
| |
| Market
Purchase. 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. |
| |
| Redemptions.
Units may be surrendered for redemption on any business day that is at least 15
business days prior to April 30 and will be redeemed on April 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 15 business days prior
to April 30 of any year will receive payment on or before the 15th business day
following April 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 April 30 date less any costs of funding the redemption, including
commissions. Any unpaid distribution declared on or before April 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. |
