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Features & Benefits
Tax-Efficient Income
Units are intended to provide Unitholders with tax efficient participation in returns on the Portfolio. The proportion of distributions characterized as a return of capital for Unitholders will be affected by the amount received by the Fund on the Portfolio.
Distribution Reinvestment Plan
The Fund intends to provide Unitholders with the opportunity to elect to reinvest monthly cash distributions made by the Fund in additional Units and to purchase additional Units for cash through participation in the distribution reinvestment plan of the Fund.
Monthly Distributions
The Fund intends to provide Unitholders with monthly cash distributions funded from the distributions, dividends and capital gains received on the Portfolio. Such distributions will be payable to Unitholders of record on the last day of each month and will be paid on or before the last business day of the following month.
TSX Listing. The Fund's units can be bought and sold on the TSX under the symbol MTZ.UN.
Market Purchase. The Fund will be required, subject to certain limitations and exceptions, to purchase Units offered in the market if, at any time following the closing of this Offering, the price at which Units are offered in the market is less than 95% of the NAV per Unit as at the close of business in Toronto, Ontario on the immediately preceding business day.
Redemptions. Units may be surrendered for redemption on any business day that is at least 15 business days prior to April 30 and will be redeemed on April 30 of such year, subject to the Fund's right to suspend redemptions in certain circumstances. A Unitholder who surrenders Units for redemption at least 15 business days prior to April 30 of any year will receive payment on or before the 15th business day following April 30. Unitholders whose Units are redeemed will be entitled to receive a redemption price per Unit calculated with reference to the net asset value of the Fund (NAV) (however, at the sole option of the Manager, the redemption price may be calculated by using a 3-day volume weighted average trading price of a security instead of the closing price) determined as of the applicable April 30 date less any costs of funding the redemption, including commissions. Any unpaid distribution declared on or before April 30 in respect of Units redeemed on such date will be paid to the Unitholder redeeming such Units on the date on which such distribution is payable to Unitholders. For further information, please refer to the Fund's prospectus.
Eligibility For Investment
The Fund's units are considered Canadian property for RRSPs, RRIFs, DPSPs and RESPs.
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