News Releases

– Interview Opportunity –

The performance of the income trust market has exceeded expectations since it suffered a swift 12 per cent drop when approximately $17.6 billion of market capitalization was destroyed virtually overnight on November 1, 2006. In fact, according to the portfolio advisers of GGOF Monthly High Income Fund, income trusts are set to remain the highest yielding, most tax effective vehicles in Canada for at least 3� years. Yet many investors are still not taking advantage of this viable source of income.

According to a recent GGOF-Ipsos Reid survey, only one-in-five baby boomers are invested in income trusts and almost two-thirds of boomers are totally unaware of the proposed tax changes that will impose a tax on cash distributions.

Clearly there is a need for better understanding of the current state and future potential of the income trust market.

The GGOF Monthly High Income Fund management team of John Priestman, Kevin Hall and Michele Robitaille can help bring clarity to the situation and review the investment opportunities. They are available to discuss:

• Why the performance of the income trust market has continued to be strong since November 1, 2006
• What can investors expect over the next 3 � years and beyond – an outlook on the evolution of the income trust market
• Why investors should consider investing in income trusts; what are the income-generating options available
• A review of the takeover activity in the income trust market
  o What are the key takeovers and what do they mean for the income trust market
  o Who are the winners and losers moving through the transition period
• What matters most when analyzing and valuating a trust
• Will trusts have the ability to shelter income in 2011 and beyond and will they maintain a higher payout level than most corporations

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