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Profile

Canadian Resources Income Trust was created to provide investors with a high current yield and low cost diversification through the investment in a fixed portfolio of high yielding Canadian equity securities focused on the natural resource industry.

Summary Statistics as at September 09, 2010

Units
Net Asset Value (NAV) per Unit $12.72
Units Outstanding 2,372,102
Market Capitalization $29,532,670
MER 1.52%
IPO Date 11/28/1996
Redemption Date 03/31/2015
Ticker Symbol RTU.UN
Issue Price $10.00
Market Price (TSX) $12.45
Trailing 12-Month Distribution $0.8390

Net Asset Value

Date Basic NAV per Unit ($) Diluted NAV per Unit ($)

08/19/10

12.54

12.27

08/12/10

12.59

12.30

08/05/10

12.86

12.43

07/29/10

12.83

12.83

07/22/10

12.83

12.83

07/15/10

12.66

12.66

07/08/10

12.61

12.61


Distribution Policy

Distributions are declared and paid monthly to the extent of forecasted distributions received by the Trust plus interest income less estimated administration and operating expenses. For historical distribution amounts, please see distribution information.

Retraction Rights


The following provides a summary of the retraction rights available to shareholders. Please refer to the prospectus for complete details.

Unlike most mutual funds the Units are listed allowing holders to exit by selling their Units. In addition, they are also retractable at any time. Because of the manner in which the retraction prices are calculated, investors are almost always better off selling their Units on the market rather than retracting them. It should be noted that all the retractions listed below constitute a taxable disposition of the Units at the time of the retraction.

Regular Retraction

Units may be surrendered for retraction at any time for payment on the last day of each month or the preceding business day. Unitholders are entitled to receive 95% of the net realized proceeds less $0.25.

Special Annual Retraction

The special annual retraction date occurs on November 30th of each year. On that date unitholders are entitled to receive 100% of the net realized proceeds per Unit retracted.

Redemption


The Trust is scheduled to wind up on March 31, 2015, and at that time, the Trust will distribute to unitholders their pro rata portion of each of the portfolio securities and any remaining assets of the Trust. Unitholders may elect to receive a cash payment in which case their pro rata portion of the portfolio securities will be sold following the termination of the Trust and the net proceeds realized from such sale will be distributed to them.

Taxation

Distributions received by the Trust from the portfolio securities will be distributed to the Unitholders monthly. Distributions received from issuers in the portfolio securities have various tax treatments: some are taxed as dividends, some as interest income and others as a return of capital. Amounts received as a return of capital are not taxable but must be used to reduce the adjusted cost base of an investor’s Units. Dividends received by an individual are generally subject to the normal gross-up and dividend tax-credit rules applicable to dividends received on securities of a taxable Canadian Corporation.

The tax treatment and classification of revenue of distributions received are reported by the underlying issuers in the portfolio securities either at the time of declaration or on an annual basis.

A Unitholder will generally be required to include in the calculation of income the net income and the net realized taxable capital gains of the Trust paid or payable to the Unitholder in the year. If the distributions by the Trust to a Unitholder in any year exceed the net income and net realized capital gains of the Trust for the year paid or payable to the Unitholder, such distributions will not be taxable but will reduce the adjusted cost base of the Unitholder’s Units. For a historical breakdown of distribution amounts, please see distribution information.

Directors and Officers

The following are the names, office(s) held and principal occupations of the directors and officers of the Trustee:

Name Office(s) Held Principal Occupation
Brian D. McChesney President, Chief Executive Officer and Director Managing Director, Scotia Capital Inc.
Stephen D. Pearce Chief Financial Officer, Secretary and Director Director, Scotia Capital Inc.
Stephens B. Lowden Director & Chairman of the Audit Committtee President, SBL Capital Corporation
John B. Newman Director & Chairman of the Board Chairman,
Multibanc Financial Holdings Limited
Robert C. Williams Director Chief Executive Officer,
Headwater Investments Ltd.
J. Nicholas Ross Director & Chairman of the IRC Chairman & CEO,
Rover Capital Corp.

Michael K. Warman

Director

Corporate Director

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