Energy Plus Income Trust

Energy Plus Income Trust

March 15, 2005 19:35 ET

Energy Plus Income Trust: 2004 Income Tax Information


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ENERGY PLUS INCOME TRUST

TSX SYMBOL: EPF.UN

MARCH 15, 2005 - 19:35 ET

Energy Plus Income Trust: 2004 Income Tax Information

CALGARY, ALBERTA--(CCNMatthews - March 15, 2005) - The following
information is intended to assist holders of Units of Energy Plus Income
Trust (TSX:EPF.UN) (the "Trust") in the preparation of their 2004 Income
Tax Return. This summary table below is directed to a Unitholder who,
for the purposes of the Income Tax Act (Canada) is a resident of Canada
and holds the Units as capital property.



------------------------------------------------------------------------
Record Capital Return of Total
Date Pay Date Income Dividends Gain Capital Distribution
------------------------------------------------------------------------
30-Nov-04 15-Dec-04 $ 0.0016 $ 0.0002 $ 0.0318 $ 0.0064 $ 0.0400
31-Dec-04 14-Jan-05 $ 0.0022 $ 0.0003 $ 0.0437 $ 0.0088 $ 0.0550
------------------------------------------------------------------------
$ 0.0038 $ 0.0005 $ 0.0755 $ 0.0152 $ 0.0950
-----------------------------------------------------
-----------------------------------------------------


Each Unitholder will receive a T3 supplementary slip for 2004 that will
indicate the amount of "Other Income" - Box 26 ,"Dividends" - Box 23 and
"Capital Gains" - Box 21 that are to be included in their tax return.
The dividends will be subject to the standard gross-up and federal
dividend tax credit rules. The T3 supplementary slips are prepared by
Computershare Trust Company of Canada and/or investment dealers.
Unitholders are advised to contact their investment dealer directly if
they do not receive their T3 supplementary slip.

The return of capital to the Unitholder is a non-taxable amount and will
reduce the Adjusted Cost Base of the Unitholder's Units.

If the Units were held within a RRSP, DPSP, or RRIF, then no T3 slip
will be received and no amount would be required to be reported on the
Unitholder's personal tax return.

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