Income Tax Information

Strongco Income Fund is an unincorporated open-ended limited purpose trust established under the laws of the Province of Ontario pursuant to a declaration of trust dated March 21, 2005 as amended and restated on April 28, 2005 and September 1, 2006.

On September 1, 2006 Strongco completed a reorganization in which all of the operations of Strongco Inc. (“the Company”) were transferred into a new limited partnership (“Strongco Limited Partnership”).

The transfer of the operations of the Company to the Partnership was recorded at the carrying values of the Company’s assets and liabilities on September 1, 2006 in accordance with the continuity of interest method of accounting as the Partnership is considered to be a continuation of the Company.

Proposed changes to the taxation of income trusts passed third reading in the House of Commons on June 12, 2007. The proposals are not intended to apply to taxation years ending prior to 2011 for income trusts that commenced trading prior to November 2006. Taxable income that is not distributed to the unitholders is generally taxed in the Trust at the highest federal and provincial income tax rates that are applicable to individuals. Beginning with the 2011 taxation year, distributions will be taxed at the Specified Investment Flow-Through Entity rate.

Tax Allocation of Distributions (per unit amounts)

Of the distributions declared in 2007, 3.01805% is return of capital and 96.98195% is subject to tax in the hands of Unitholders.

For a monthly breakdown of distributions, click on the year above.

TIN Number: T27672952

Distributions of the Fund do not qualify as Qualified Dividend Income for US tax Purposes.

The above information is of a general nature only and is not intended to be relied on as legal or tax advice or representations to any particular Unitholder. Consequently, Unitholders are urged to seek independent advice in respect of the tax consequences to them having regard to their particular circumstances.