Note to Income Financial PLUS holders who elected to have their units merged into Income Financial on February 28, 2006:  This merger was done on a tax deferred basis and therefore investors should transfer the adjusted cost base of their Income Financial PLUS shares on the date of the merger to the new Income Financial shares received.  No capital gain or loss should be calculated on this exchange.  Please consult your tax advisor.
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Note to American Income holders who exchanged their American Income Units into Income Financial on June 16, 2006:   You must report this as a sale of American Income units at $9.9152 per unit and report a capital gain or loss as applicable on your 2006 income tax return.  When calculating the adjusted cost base of your American Income units as at June 16, 2006, please be reminded that any non-taxable distributions (return of capital) received in 2006 and in previous years must be deducted from your original cost base.   Tax information for previous years can be found by clicking on the applicable year in the previous year links at the top of the Tax Information section.  The new cost base of the Income Financial shares received will be equal to the number of Income Financial shares received, multiplied by $20.1082 (the Income Financial net asset value per unit on June 16, 2006).  Please consult your tax advisor.
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Note to Ameristar holders who exchanged their Ameristar Units into Income Financial on June 16, 2006:   You must report this as a sale of Ameristar units at $12.2403 per unit and report a capital gain or loss as applicable on your 2006 income tax return.  When calculating the adjusted cost base of your Ameristar units as at June 16, 2006, please be reminded that any non-taxable distributions (return of capital) received in 2006 and in previous years must be deducted from your original cost base.  Tax information for previous years can be found by clicking on the applicable year in the previous year links at the top of the Tax Information section.  The new cost base of the Income Financial shares received will be equal to the number of Income Financial shares received, multiplied by $20.1082 (the Income Financial net asset value per unit on June 16, 2006).  Please consult your tax advisor.
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