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| The primary objectives
of SAGE Income Fund are: |
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| Distributions |
| To provide unitholders
with a high level of sustainable income distributed quarterly over the life of
the Fund. Current distributions are $0.30 per unit per quarter and are expected
to remain at that level for 2003. |
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| Capital
Repayment |
| To return the original
issue price of the units to unitholders upon termination of the trust, as well
as to provide unitholders with capital appreciation above the original issue
price. |
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