Press Release: March 29, 2004

CAIF Praises Alberta Government Proposed Unit Holder Liability

Speaking on behalf of the Canadian Association of Income Funds, Stephen Probyn, Chairman of CAIF, praised the Hon. Greg Melchin for his decision to introduce legislation to limit unit holder liability in the coming spring session of the Alberta legislature.

“This is an important decision by the Alberta government,” said Mr. Probyn. “The income fund industry is delighted to have this support and investors will be appreciative of the enhanced protection. We hope that other provinces will follow the lead of Alberta and Ontario in tackling this important issue.”

Income funds represent a key component of Canada’s oil and gas industry as well as the power, infrastructure and pipeline sectors.

For further information, please contact:

Stephen Probyn, Chairman, Canadian Association of Income Funds, 416-777-2800

or

Margaret Lefebvre, Executive Director