Distributions were fixed and cumulative and were paid quarterly. For
historical distribution amounts, please see distribution information
All Capital Shares and Preferred Shares were redeemed by the Company on June 3, 2011. The Preferred Shares were redeemed at a price per share equal to US$10.25. Capital Shares were redeemed at US$3.9418 per share.
Holders of 93,800 Capital Shares requested delivery of and received their pro rata share of portfolio shares in payment for their Capital Shares.
Dividends other than the capital gains dividends received by individuals
on the Preferred or Capital Shares will be subject to the normal
gross-up and dividend tax credit rules applicable to dividends received
on shares of a taxable Canadian corporation.
Return of capital payments to a holder of Preferred Shares will not be
subject to tax but will reduce the adjusted cost base of the Preferred
Shares to the holder.
The amount of any capital gains dividend received by a holder of
Preferred Shares or Capital Shares will be considered to be a capital
gain of the holder in the taxation year in which the capital gain is
The Company qualifies as a "mutual fund corporation" and a
"financial intermediary corporation" as defined in the
Income Tax Act (Canada). As a result thereof and after deduction of
expenses in computing its income, the Company does not anticipate that
it will be subject to any material non-refundable income tax liability.