Merger Details

Effective September 5, 2007, Sound Energy Trust merged with Advantage Energy Income Fund with Advantage Energy being the surviving company. Unitholders of Sound Energy Trust received 0.30 units of Advantage Energy for each unit of Sound Energy held. There was an option available to receive $0.66 in cash plus 0.2557 units of Advantage Energy. PLEASE NOTE THAT THIS MERGER WAS A TAXABLE EVENT FOR SOUND UNITHOLDERS, AND AS A RESULT, AN ACB CALCULATION ON SOUND ENERGY WAS REQUIRED. When performing an ACB calculation for Advantage Energy where some or all of the Advantage units were the result of the merger with Sound, you will need to enter a purchase of Advantage as of the merger date using the value of the Advantage units received from the Sound Energy units held as the settlement amount of the buy.