Mutual fund unitholders are required to include in computing their income for Canadian tax purposes, the amount of the net income and net realized taxable capital gains that are distributed to them, whether the distribution is paid in cash or reinvested in additional units. (This generally does not apply to units that are held in registered plans, such as registered retirement savings plans, registered retirement income funds and tax-free savings accounts.)

Each fund will distribute to its unitholders, at least annually, sufficient of its net income and net realized capital gains such that the fund will not have any liability for ordinary Canadian income tax. In addition to the distribution dates noted within the calendar above, additional distributions may be necessary to satisfy this above distribution requirement. Please see Income Tax Considerations for Investors in the prospectus for additional information on tax.

Distribution policies for mutual funds are outlined in the prospectus, located in the Fund Literature section.