Company Taken Over

Effective November 2, 2010, Boralex Power Income Fund was acquired by Boralex Inc. for a price of $5.00 per unit. Under the terms of the Take-Up, unitholders of the Fund could elect to receive $5.00 dollars consideration per Unit in the form of (a) cash or (b) 6.75% convertible unsecured subordinated debentures of Boralex (“Convertible Debentures”), subject to proration in each case up to the maximum amount available. As a result of prorationing, unitholders who chose the cash alternative will receive $4.79 in cash and approximately $0.21 of a Convertible Debenture per Unit and those who chose the Debenture Alternative (as defined in the Notice) will receive $5.00 of a Convertible Debenture per Unit. Unitholders who failed to make an election will receive $5.00 of a Convertible Debenture.