Important Note re Tax Liability

The following note was issued by Milestone and appears on the Statement of Trust Income Allocations and Designations: "The final liquidating distribution of US$16.30041 per unit made in May 2017 included distribution of US$0.05041 per unit for the month of April and capital gains distribution of US$8.56774 per unit." It appears that in the case of at least one investment firm, the capital gains distribution of US$8.56774 per unit was included on the T3 slips, while the full proceeds of the privatization of US$16.30041 per unit was included on the transaction summary. Since the US$8.56774 capital gain distribution comprises a portion of the US$16.30041 proceeds of the privatization, this may result in tax being paid on the dividend distribution twice.