Income & Equity Index Participation Fund

Income & Equity Index Participation Fund

March 15, 2005 19:40 ET

Income & Equity Index Participation Fund: 2004 Income Tax Information


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: INCOME & EQUITY INDEX PARTICIPATION FUND

TSX SYMBOL: IEP.UN

MARCH 15, 2005 - 19:40 ET

Income & Equity Index Participation Fund: 2004 Income
Tax Information

CALGARY, ALBERTA--(CCNMatthews - March 15, 2005) - The following
information is intended to assist holders of Units of Income & Equity
Index Participation Fund (TSX:IEP.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
------------------------------------------------------------------------
31-Mar-04 15-Apr-04 $ 0.0236 $ 0.0037 $ 0.0145 $ 0.0282 $ 0.0700
30-Apr-04 14-May-04 $ 0.0236 $ 0.0037 $ 0.0145 $ 0.0282 $ 0.0700
31-May-04 15-Jun-04 $ 0.0236 $ 0.0037 $ 0.0145 $ 0.0282 $ 0.0700
30-Jun-04 15-Jul-04 $ 0.0236 $ 0.0037 $ 0.0145 $ 0.0282 $ 0.0700
31-Jul-04 15-Aug-04 $ 0.0236 $ 0.0037 $ 0.0145 $ 0.0282 $ 0.0700
31-Aug-04 15-Sep-04 $ 0.0236 $ 0.0037 $ 0.0145 $ 0.0282 $ 0.0700
30-Sep-04 15-Oct-04 $ 0.0236 $ 0.0037 $ 0.0145 $ 0.0282 $ 0.0700
31-Oct-04 15-Nov-04 $ 0.0236 $ 0.0037 $ 0.0145 $ 0.0282 $ 0.0700
30-Nov-04 15-Dec-04 $ 0.0236 $ 0.0037 $ 0.0145 $ 0.0282 $ 0.0700
31-Dec-04 14-Jan-05 $ 0.0236 $ 0.0037 $ 0.0145 $ 0.0282 $ 0.0700
-----------------------------------------------------
$ 0.2360 $ 0.0370 $ 0.1450 $ 0.2820 $ 0.7000
-----------------------------------------------------
-----------------------------------------------------


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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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Income & Equity Index Participation Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing
    1-877-261-9674
    Email: info@citadelfunds.com
    Website: www.citadelfunds.com