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| TSX-Listed Funds |
| OilSands Canada Corporation |
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| Liquidity |
| TSX Listing. The
Fund's units can be bought and sold on the TSX under the symbol
OCF. |
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| Market Purchase
Program To enhance liquidity and to provide market support for the Equity
Shares, the Fund will have a mandatory market purchase program under which the
Fund will, subject to the following exceptions and to compliance with any
applicable regulatory requirements, be obligated to purchase any Equity Shares
offered in the market at the then prevailing market price if, at any time, the
price at which Equity Shares are then offered for sale is less than 95% of the
NAV per Equity Share as at the close of business in Toronto, Ontario on the
immediately preceding business day. See the Fund's prospectus for
details. |
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| Redemptions
Equity Share may be surrendered for redemption in any month by 5:00 p.m.
(Toronto time) on a date that is at least 20 business days prior to the last
day of such month in order for the Equity Share to be redeemed on the last day
of such month (a “Valuation Date”), by giving proper notice thereof
to MFL Management Limited (the registrar and transfer agent). In respect of any
December Valuation Date in 2008 or 2009, Shareholders must concurrently
surrender for redemption one-half of one Warrant (as defined under
“Description of Securities and Shareholder Matters – Warrants”)
with each Equity Share surrendered for redemption, provided that if a
Shareholder surrenders for redemption a number of Equity Shares that is not
evenly divisible by two then the Shareholder must concurrently surrender that
number of Warrants that is equal to the number of Equity Shares surrendered for
redemption divided by two and rounded up to the nearest whole Warrant (the
“Applicable Warrants”). If certificates have been issued in
registered form representing the Equity Shares and/or Applicable Warrants to be
redeemed, such certificates must accompany the notice of redemption and must be
duly completed with the signature guaranteed. For further information, please
refer to the Fund's prospectus. |
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| Eligibility For Investment |
| Provided the Equity
Shares and the Warrants are listed on a prescribed stock exchange (which
includes the Toronto Stock Exchange) such Equity Shares and Warrants will be
qualified investments for trusts governed by registered retirement savings
plans, registered retirement income funds or deferred profit sharing plans.
Registered education savings plans should consult their own advisors as to
eligibility. See the Fund's prospectus for details. |
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