To MATRIX Income Fund Unitholders:

MATRIX Income Fund's Distribution Reinvestment Plan (the itPlanlt) provides eligible unitholders with a convenient and economical way to maximize their investment in MATRIX. The Plan provides participants an opportunity to reinvest distributions into trust units and make optional trust unit purchases, at a discount to the prevailing market price whenever the market price exceeds the net asset value.

If you are an eligible unitholder, and you wish to participate in the MATRIX Distribution Reinvestment Plan, simply fill out the enrolment forms provided in this booklet. If you require more information about the Plan, contact our Plan Agent.

Sincerely,

W. Garth Jestley
President and Chief Executive Officer