Series S-1 Income Fund
TSX : SRC.UN

Series S-1 Income Fund

March 14, 2007 20:17 ET

Series S-1 Income Fund 2006 Income Tax Information

CALGARY, ALBERTA--(CCNMatthews - March 14, 2007) - The following information is intended to assist holders of Units of Series S-1 Income Fund (the "Trust")(TSX:SRC.UN) in the preparation of their 2006 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.



Eligible Non-Eligible
Record Date Pay Date Income Dividends Dividends

31-Jan-06 15-Feb-06 $ 0.0303 $ 0.0037 $ 0.0019
28-Feb-06 15-Mar-06 $ 0.0303 $ 0.0037 $ 0.0019
31-Mar-06 17-Apr-06 $ 0.0303 $ 0.0037 $ 0.0019
30-Apr-06 15-May-06 $ 0.0303 $ 0.0037 $ 0.0019
31-May-06 15-Jun-06 $ 0.0303 $ 0.0037 $ 0.0019
30-Jun-06 14-Jul-06 $ 0.0303 $ 0.0037 $ 0.0019
31-Jul-06 15-Aug-06 $ 0.0303 $ 0.0037 $ 0.0019
31-Aug-06 15-Sep-06 $ 0.0303 $ 0.0037 $ 0.0019
30-Sep-06 16-Oct-06 $ 0.0303 $ 0.0037 $ 0.0019
31-Oct-06 15-Nov-06 $ 0.0303 $ 0.0037 $ 0.0019
30-Nov-06 15-Dec-06 $ 0.0303 $ 0.0037 $ 0.0019
31-Dec-06 15-Jan-07 $ 0.0303 $ 0.0037 $ 0.0019
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$ 0.3636 $ 0.0444 $ 0.0228
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Return of Total
Record Date Pay Date Capital Gain Capital Distribution

31-Jan-06 15-Feb-06 $ 0.0132 $ 0.0259 $ 0.0750
28-Feb-06 15-Mar-06 $ 0.0132 $ 0.0259 $ 0.0750
31-Mar-06 17-Apr-06 $ 0.0132 $ 0.0259 $ 0.0750
30-Apr-06 15-May-06 $ 0.0132 $ 0.0259 $ 0.0750
31-May-06 15-Jun-06 $ 0.0132 $ 0.0259 $ 0.0750
30-Jun-06 14-Jul-06 $ 0.0132 $ 0.0259 $ 0.0750
31-Jul-06 15-Aug-06 $ 0.0132 $ 0.0259 $ 0.0750
31-Aug-06 15-Sep-06 $ 0.0132 $ 0.0259 $ 0.0750
30-Sep-06 16-Oct-06 $ 0.0132 $ 0.0259 $ 0.0750
31-Oct-06 15-Nov-06 $ 0.0132 $ 0.0259 $ 0.0750
30-Nov-06 15-Dec-06 $ 0.0132 $ 0.0259 $ 0.0750
31-Dec-06 15-Jan-07 $ 0.0132 $ 0.0259 $ 0.0750
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$ 0.1584 $ 0.3108 $ 0.9000
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Each Unitholder will receive a T3 supplementary slip for 2006 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 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.

Contact Information

  • Series S-1 Income Fund
    Joe MacDonald
    Executive Vice President, Sales and Marketing
    1-877-261-9674
    Website: www.citadelfunds.com