Canadian Warrants

CDS Clearing and Depository Services Inc. will record the CDS participants who hold units and warrants on behalf of owners who have purchased or transferred units and warrants in accordance with the book-based system. Certificates evidencing units or warrants will not be issued unless a request for a certificate is made to the fund. As the units and warrants will trade in the book-based system of CDS, shareholders need not take any action with respect to receiving the units and warrants upon the separation of the combined units. Additional information on the units and the warrants can be found in the fund's prospectus dated Jan. 29, 2009, which is available at www.sedar.com. Capitalized terms not otherwise defined herein are as defined in the prospectus.

Warrants: Each whole warrant will entitle the holder to purchase one unit of the fund at a subscription price of $12 on or before 5 p.m. (Toronto time) on March 31, 2010. Warrants not exercised by that time will become void and of no value.

The warrants are governed by the terms of a warrant indenture dated as of Feb. 27, 2009, between the fund and Computershare Trust Company of Canada. A fee of 18 cents per warrant will be payable to the broker whose client is exercising the warrant and 12 cents per warrant will be payable by the fund to the agents for each warrant exercised. The warrant indenture provides for appropriate adjustments to the rights of holders of warrants in the event of stock dividends, subdivisions, consolidations or other forms of capital reorganization.