Press Release: September 8, 2005

Statement by Margaret Lefebvre, Executive Director, Canadian Association of Income Funds (CAIF) – Regarding the Federal Government’s announcement of consultations on the income trust industry)

OTTAWA – The Canadian Association of Income Funds welcomes today’s release of the Federal Government’s discussion paper on income trusts and the related consultation process established by the Department of Finance in Ottawa. The industry will be responding to the questions raised by the Government in a timely manner both as a national association and through input from members across the country. Members will also continue their dialogue wth local MPs in various parts of Canada on the income trust issues raised by the Government today.

The income trust industry has become a vital element of Canada’s capital markets and a valued investment for thousands of investors including many individuals and retirees who receive regular payments from Canadian trusts.

For further information: Margaret Lefebvre, Executive Director, Canadian Association of Income Funds, (514) 935-4131.