Company Taken Over

Effective June 27, 2008, Creststreet Power & Income Fund was acquired by FPL Energy, LLC at a price of $6.915 per unit. Please read the important notice regarding the taxation of distributions of Limited Partnership units. Unitholders of record on July 9, 2008 received this payment on July 10, 2008. Of the $6.915 per unit received, $4.5472 per unit was deemed to be return of capital. Return of capital from January through May of 2008 was negative, which according to Creststreet "is reported as zero for tax purposes". They go on to say that "The difference between the amount of the distribution paid and the taxable amounts reported for that distribution should increase the ACB accordingly". PLEASE READ THE IMPORTANT NOTICE ABOVE REGARDING THE TAXATION OF LIMITED PARTNERSHIPS!