| 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 through participation in the Distribution Reinvestment
Plan. |
| |
| Distribution Enhancement |
| The Fund can utilize
its loan facility when necessary to assist in earning distributable income. The
Fund can borrow up to an amount not exceeding 30% 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
MID.UN. |
| |
| Market Purchase
Program To enhance liquidity and provide market support for the units, the
Fund will be obligated in certain circustances to purchase 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 amended and restated Trust Agreement 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 last business day of the month 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 reasonable costs of funding 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. |
