Income & Equity Index Participation Fund
TSX : IEP.UN

Income & Equity Index Participation Fund

March 07, 2008 12:44 ET

Income & Equity Index Participation Fund 2007 Income Tax Information

CALGARY, ALBERTA--(Marketwire - March 7, 2008) - The following information is intended to assist holders of Units of Income & Equity Index Participation Fund (the "Trust") (TSX:IEP.UN) in the preparation of their 2007 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.



Non- Return
Record Eligible Eligible Capital of
Date Pay Date Income Dividends Dividends Gain Capital Total

31-Jan-07 15-Feb-07 $0.03636 $0.00303 $0.00028 $0.01358 $0.02175 $0.07500
28-Feb-07 15-Mar-07 $0.03636 $0.00303 $0.00028 $0.01358 $0.02175 $0.07500
31-Mar-07 16-Apr-07 $0.03636 $0.00303 $0.00028 $0.01358 $0.02175 $0.07500
30-Apr-07 15-May-07 $0.03636 $0.00303 $0.00028 $0.01358 $0.02175 $0.07500
31-May-07 15-Jun-07 $0.03636 $0.00303 $0.00028 $0.01358 $0.02175 $0.07500
30-Jun-07 16-Jul-07 $0.03636 $0.00303 $0.00028 $0.01358 $0.02175 $0.07500
31-Jul-07 15-Aug-07 $0.03636 $0.00303 $0.00028 $0.01358 $0.02175 $0.07500
31-Aug-07 14-Sep-07 $0.03636 $0.00303 $0.00028 $0.01358 $0.02175 $0.07500
30-Sep-07 15-Oct-07 $0.03636 $0.00303 $0.00028 $0.01358 $0.02175 $0.07500
31-Oct-07 15-Nov-07 $0.03636 $0.00303 $0.00028 $0.01358 $0.02175 $0.07500
30-Nov-07 14-Dec-07 $0.03636 $0.00303 $0.00028 $0.01358 $0.02175 $0.07500
31-Dec-07 15-Jan-08 $0.03636 $0.00303 $0.00028 $0.01358 $0.02175 $0.07500
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$0.43632 $0.03636 $0.00336 $0.16296 $0.26100 $0.90000
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Each Unitholder will receive a T3 supplementary slip for 2007 that will indicate the amount of "Other Income" - Box 26 ,"Eligible Dividends" - Box 49, "Non-Eligible 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" (Box 42) 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.

Contact Information

  • Income & Equity Index Participation Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing
    1-877-261-9674
    Website: www.citadelfunds.com