| Tax-Efficient Income |
| Units are intended to
be tax-efficient when compared to distributions on units of a trust that
depends solely on interest, dividends and/or other investment income to fund
distributions. 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 that is characterized as a return of capital, and the amount of
net capital gains realized by, and other income of, the Fund. |
| |
| 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
MGZ.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.
Commencing in 2007, Units may be surrendered for redemption on any business day
that is at least 20 business days prior to August 31 and will be redeemed on
August 31 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 August 31 of any year will receive payment on
or before the 15th business day following August 31. 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 August 31 date less any costs associated
with the redemption. Any unpaid distribution declared on or before August 31 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. |
