Distribution Reinvestment Plan (DRIP) Terminated December 29, 2010

On June  2, 2004, the Fund implemented the distribution reinvestment plan (the "DRIP") pursuant to which Unitholders who are Canadian residents are entitled to elect to have all cash distributions paid on any Units automatically reinvested in additional Units to be issued from treasury at a price equal to the 10-day weighted average trading price of the Units, or purchased on the open market at the prevailing market price.  No additional fees or commissions are payable in connection with the purchase of Units under the DRIP, and all administrative costs are borne by the Fund.  Unitholders residing outside of Canada are not entitled to participate in the DRIP, and upon ceasing to be a resident of Canada, Unitholders must terminate their participation in the DRIP.

The Trustees retain the discretion to determine the criteria for participation in the DRIP and to suspend the operation of the DRIP from time to time. The Fund is permitted to terminate the DRIP at any time in the Trustees' sole discretion.  For the period from January 1, 2009 to December 31, 2009, the Fund did not issue any additional Units pursuant to the DRIP.

As announced in the Management Information Circular dated November 1, 2010, the Fund's intention was to terminate the DRIP upon approval of the Arrangement to convert the Fund from an income trust structure to a corporate structure (the "Arrangement").  On December 1, 2010, Unitholders of the Fund approved of the Arrangement and the final order of the Ontario Superior Court of Justice to approve the Arrangement was received on December 6, 2010.  

The last distribution declared by the Fund was in December 2010 in the amount of $0.08927 per unit to Unitholders of record on December 15, 2010 and paid on December 22, 2010.  Participants of the DRIP received additional Units purchased on the open market at the prevailing market price on December 22, 2010.  Any fractional units were paid in cash based on the prevailing market price on December 22, 2010.  Cheques reflecting the cash payment of fractional units were mailed by the Transfer Agent no later than December 31, 2010.  Effective December 29, 2010, the Fund's DRIP program was terminated.