The following table summarizes the tax allocation of the 2009 distributions of the Fund on a trust unit basis:

View monthly distribution allocation for 2009

The following table summarizes the tax allocation of the 2008 distributions of the Fund on a trust unit basis:

View monthly distribution allocation for 2008

The following table summarizes the tax allocation of the 2007 distributions of the Fund on a trust unit basis:

View monthly distribution allocation for 2007

Canexus Income Fund Provides U.S. Tax Information

The following table summarizes the tax allocation of the 2006 distributions of the Fund on a trust unit basis:

View monthly distribution allocation for 2006

The following table summarizes the tax allocation of the 2005 distributions of the Fund on a trust unit basis:

The income of a Unit holder from the Trust Units will be considered to be income from property for the purposes of the Tax Act. Any deduction or loss of the Fund for the purposes of the Tax Act cannot be allocated to and treated as a deduction or loss of a Unit holder. However, a loss of the Fund can be deducted by the Fund to the extent and under the circumstances described under the Tax Act.

A Unit holder will generally be required to include in computing income for a particular taxation year of the Unit holder the portion of the income of the Fund for a taxation year, including taxable dividends and net taxable capital gains, that is paid or becomes payable to the Unit holder in that particular taxation year, whether such amount is payable in cash or in Reinvested Units. Reinvested Units issued to a Unit holder as a non-cash distribution of income will have an acquisition cost equal to the amount of such income, and this acquisition cost must be averaged with the adjusted cost base of all other Trust Units held by the Unit holder as capital property in order to determine the respective adjusted cost base of each Trust Unit. Provided that appropriate designations are made by the Fund, such portion of its net taxable capital gains and taxable dividends from the Corporation as are paid or payable to a Unit holder will effectively retain their character as taxable capital gains and taxale dividends, respectively, and will be treated as such in the hands of the Unit holder for purposes of the Tax Act.

For more information consult your tax advisor.

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