Series S-1 Income Fund
TSX : SRC.UN

Series S-1 Income Fund

March 05, 2009 18:00 ET

Series S-1 Income Fund 2008 Income Tax Information

CALGARY, ALBERTA--(Marketwire - March 5, 2009) - The following information is intended to assist holders of units of Series S-1 Income Fund (TSX:SRC.UN) (the "Trust") in the preparation of their 2008 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 Total
Record Eligible Eligible Capital of Distri-
Date Pay Date Income Dividends Dividends Gain Capital bution

31-Jan-08 15-Feb-08 $0.04904 $ 0.00379 $ 0.00004 $0.00346 $0.01867 $0.07500
29-Feb-08 14-Mar-08 $0.04904 $ 0.00379 $ 0.00004 $0.00346 $0.01867 $0.07500
31-Mar-08 15-Apr-08 $0.04904 $ 0.00379 $ 0.00004 $0.00346 $0.01867 $0.07500
30-Apr-08 15-May-08 $0.04904 $ 0.00379 $ 0.00004 $0.00346 $0.01867 $0.07500
31-May-08 16-Jun-08 $0.04904 $ 0.00379 $ 0.00004 $0.00346 $0.01867 $0.07500
30-Jun-08 15-Jul-08 $0.04904 $ 0.00379 $ 0.00004 $0.00346 $0.01867 $0.07500
31-Jul-08 15-Aug-08 $0.04904 $ 0.00379 $ 0.00004 $0.00346 $0.01867 $0.07500
31-Aug-08 15-Sep-08 $0.04904 $ 0.00379 $ 0.00004 $0.00346 $0.01867 $0.07500
30-Sep-08 15-Oct-08 $0.04904 $ 0.00379 $ 0.00004 $0.00346 $0.01867 $0.07500
31-Oct-08 14-Nov-08 $0.04904 $ 0.00379 $ 0.00004 $0.00346 $0.01867 $0.07500
30-Nov-08 15-Dec-08 $0.04904 $ 0.00379 $ 0.00004 $0.00346 $0.01867 $0.07500
31-Dec-08 15-Jan-09 $0.04904 $ 0.00379 $ 0.00004 $0.00346 $0.01867 $0.07500
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$ 0.58848 $ 0.04548 $ 0.00048 $0.04152 $0.22404 $0.90000
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Each unitholder will receive a T3 supplementary slip for 2008 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" (Box 42) is a non-taxable amount and will reduce the Adjusted Cost Base of the units held by the unitholder.

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
    or
    Series S-1 Income Fund
    Andrea Kladar
    Vice President, Sales and Marketing Western Region
    1-866-936-7880
    Website: www.citadelfunds.com