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| As a result of the federal government's previously announced changes to income tax legislation, starting January 1, 2011, the Fund will be taxed as if it were a corporation. We expect that we will recommend to Fund unitholders a tax-deferred transaction to convert from an income trust to a corporation under the conversion rules enacted into law on March 12, 2009. We anticipate that the conversion would be effective on or by January 1, 2011. We are carefully considering our particular circumstances and the alternatives available to us in order to determine how best to structure the conversion. We do not expect the conversion will affect our business model or operating plans. Details about the conversion process and our anticipated dividend policy going forward are expected to be released by mid 2010.
These forwarding looking statements are qualified by the cautionary language contained in the "Forward-looking information" sections of the Fund's 2008 Annual Management Discussion and Analysis (MD&A) and 2009 quarterly MD&A's. |
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