Tax Information

Tax Information before conversion from an Income Trust to a Corporation

Prior to the conversion of Acadian Timber Income Fund (the "Fund") to a corporation, unitholders were generally required to include the amount of the Fund's net income for tax purposes, including net realized taxable capital gains and dividends, in their taxable income for the year.

Dividend income distributed to unitholders was designated as non-eligible dividends for Canadian tax purposes in all taxation years prior to the conversion to a corporation. The non-taxable portion of the Fund's net realized capital gains and any other amount in excess of the Fund's net income for tax purposes generally did not need to be included in the unitholder's income. Such amounts may have reduced the adjusted cost base of the unitholder's units.

This information is applicable to holders who, for the purposes of the Income Tax Act (Canada), are resident in Canada and held trust units as capital property. Unitholders of trust units outside of a registered retirement savings plan, registered retirement income fund, tax free saving account or deferred profit sharing plans should receive a T3 slip from their investment dealer. If this is not the case, a tax advisor should be consulted.

Tax information on distributions is typically provided in the following March.

2009 Tax Information

Record
Date
Payment
Date
Capital
Gain
Dividend
Income
Other
Taxable
Income
Return
of Capital
Total
Distribution
($) Per Unit
01-31-2009 02-13-2009 $ 0.00012 $ 0.00030 $ 0.02604 $ 0.04229 $ 0.06875
02-27-2009 03-13-2009 $ 0.00012 $ 0.00030 $ 0.02604 $ 0.04229 $ 0.06875
03-31-2009 04-15-2009 $ 0.00012 $ 0.00030 $ 0.02604 $ 0.04229 $ 0.06875
04-30-2009 05-15-2009 $ 0.00012 $ 0.00030 $ 0.02604 $ 0.04229 $ 0.06875
05-29-2009 06-15-2009 $ 0.00012 $ 0.00030 $ 0.02604 $ 0.04229 $ 0.06875
06-30-2009 07-15-2009 $ 0.00012 $ 0.00030 $ 0.02604 $ 0.04229 $ 0.06875
07-31-2009 08-14-2009 $ 0.00012 $ 0.00030 $ 0.02604 $ 0.04229 $ 0.06875
08-31-2009 09-15-2009 $ 0.00012 $ 0.00030 $ 0.02604 $ 0.04229 $ 0.06875
09-30-2009 10-15-2009 $ 0.00012 $ 0.00030 $ 0.02604 $ 0.04229 $ 0.06875
10-30-2009 11-13-2009 $ 0.00012 $ 0.00030 $ 0.02604 $ 0.04229 $ 0.06875
11-30-2009 12-15-2009 $ 0.00003 $ 0.00007 $ 0.00632 $ 0.01025 $ 0.01667

2008 Tax Information

Record
Date
Payment
Date
Capital
Gain
Dividend
Income
Other
Taxable
Income
Return
of Capital
Total
Distribution
($) Per Unit
01-31-2008 02-15-2008 $ 0.00695 $ 0.00103 $ 0.01976 $ 0.04101 $ 0.06875
02-29-2008 03-14-2008 $ 0.00695 $ 0.00103 $ 0.01976 $ 0.04101 $ 0.06875
03-31-2008 04-15-2008 $ 0.00695 $ 0.00103 $ 0.01976 $ 0.04101 $ 0.06875
04-30-2008 05-15-2008 $ 0.00695 $ 0.00103 $ 0.01976 $ 0.04101 $ 0.06875
05-31-2008 06-13-2008 $ 0.00695 $ 0.00103 $ 0.01976 $ 0.04101 $ 0.06875
06-30-2008 07-15-2008 $ 0.00695 $ 0.00103 $ 0.01976 $ 0.04101 $ 0.06875
07-31-2008 08-15-2008 $ 0.00695 $ 0.00103 $ 0.01976 $ 0.04101 $ 0.06875
08-29-2008 09-15-2008 $ 0.00695 $ 0.00103 $ 0.01976 $ 0.04101 $ 0.06875
09-30-2008 10-15-2008 $ 0.00695 $ 0.00103 $ 0.01976 $ 0.04101 $ 0.06875
10-31-2008 11-14-2008 $ 0.00695 $ 0.00103 $ 0.01976 $ 0.04101 $ 0.06875
11-28-2008 12-15-2008 $ 0.00695 $ 0.00103 $ 0.01976 $ 0.04101 $ 0.06875
12-31-2008 01-15-2009 $ 0.00695 $ 0.00103 $ 0.01976 $ 0.04101 $ 0.06875

2007 Tax Information

Record
Date
Payment
Date
Capital
Gain
Dividend
Income
Other
Taxable
Income
Return
of Capital
Total
Distribution
($) Per Unit
01-31-2007 02-15-2007 $ 0.00048 $ 0.00347 $ 0.03721 $ 0.02759 $ 0.06875
02-28-2007 03-15-2007 $ 0.00048 $ 0.00347 $ 0.03721 $ 0.02759 $ 0.06875
03-30-2007 04-13-2007 $ 0.00048 $ 0.00347 $ 0.03721 $ 0.02759 $ 0.06875
04-30-2007 05-15-2007 $ 0.00048 $ 0.00347 $ 0.03721 $ 0.02759 $ 0.06875
05-31-2007 06-15-2007 $ 0.00048 $ 0.00347 $ 0.03721 $ 0.02759 $ 0.06875
06-29-2007 07-13-2007 $ 0.00048 $ 0.00347 $ 0.03721 $ 0.02759 $ 0.06875
07-30-2007 08-15-2007 $ 0.00048 $ 0.00347 $ 0.03721 $ 0.02759 $ 0.06875
08-30-2007 09-14-2007 $ 0.00048 $ 0.00347 $ 0.03721 $ 0.02759 $ 0.06875
09-28-2007 10-15-2007 $ 0.00048 $ 0.00347 $ 0.03721 $ 0.02759 $ 0.06875
10-31-2007 11-15-2007 $ 0.00048 $ 0.00347 $ 0.03721 $ 0.02759 $ 0.06875
11-30-2007 12-14-2007 $ 0.00048 $ 0.00347 $ 0.03721 $ 0.02759 $ 0.06875
12-31-2007 01-15-2008 $ 0.00048 $ 0.00347 $ 0.03721 $ 0.02759 $ 0.06875

2006 Tax Information

Record
Date
Payment
Date
Capital
Gain
Dividend
Income
Other
Taxable
Income
Return
of Capital
Total
Distribution
($) Per Unit
02-28-06 03-15-06 $      — $ 0.00366 $ 0.02791 $ 0.03943 $ 0.07100
03-31-06 04-13-06 $      — $ 0.00355 $ 0.02702 $ 0.03818 $ 0.06875
04-28-06 05-15-06 $      — $ 0.00355 $ 0.02702 $ 0.03818 $ 0.06875
05-31-06 06-15-06 $      — $ 0.00355 $ 0.02702 $ 0.03818 $ 0.06875
06-30-06 07-14-06 $      — $ 0.00355 $ 0.02702 $ 0.03818 $ 0.06875
07-31-06 08-15-06 $      — $ 0.00355 $ 0.02702 $ 0.03818 $ 0.06875
08-31-06 09-15-06 $      — $ 0.00355 $ 0.02702 $ 0.03818 $ 0.06875
09-29-06 10-13-06 $      — $ 0.00355 $ 0.02702 $ 0.03818 $ 0.06875
10-31-06 11-15-06 $      — $ 0.00355 $ 0.02702 $ 0.03818 $ 0.06875
11-30-06 12-15-06 $      — $ 0.00355 $ 0.02702 $ 0.03818 $ 0.06875
12-29-06 01-15-07 $      — $ 0.00355 $ 0.02702 $ 0.03818 $ 0.06875

 

Investor Inquiries

Tracy Steele
Investor Relations
Tel: (604) 661-9621
Fax: (604) 687-3419
Email: tsteele@acadiantimber.com

Suite 1800 – 1055 West Georgia Street
PO Box 11179, Royal Centre
Vancouver, B.C. V6E 3R5

Transfer Agent

For inquiries regarding share transfers, changes of address, dividend cheques and lost share certificates, please contact Acadian Timber's transfer agent:

CST Trust Company
P.O. Box 700 Postal Station B
Montreal, QC H3B 3K3

t. 1-800-387-0825 (toll free in North America)
f. 1-888-249-6189
e. inquiries@canstockta.com
www.canstockta.com

©  2017. Acadian Timber Corporation.