Press Release

SAGE ANNOUNCES FIRST QUARTER 2002 DISTRIBUTION

SAGE is pleased to announce that a distribution of $0.30 per trust unit will be payable on April 26, 2002 to unitholders of record on March 28, 2002 which is consistent with the quarterly distributions paid in 2001. This equates to an annualized yield of 9.4% based on a unit market price of $12.70.

Unitholders of SAGE can acquire additional units by participating in the Distribution Reinvestment Plan. The Plan enables unitholders to reinvest their quarterly distributions in additional units of SAGE thereby achieving the benefit of compounding returns. In order to take advantage of the Plan, unitholders should contact their investment advisor or Middlefield.

SAGE trades on the Toronto Stock Exchange under the symbol "BBB.UN".

For further information visit our website at www.middlefield.com or contact the undersigned:

Nancy Tham
Vice President
(416) 362-0714, Ext. 277

March 14, 2002

This press release contains forward-looking information. Actual future results may differ materially. The risks, uncertainties and other factors that could influence actual results are described in SAGE’s annual report to unitholders and other documents filed with regulatory authorities.