UE Waterheater Income Fund acquires VOXCOM Income Fund for C$140 million

Date Closed: 6/22/2007

Value: C$140 million

Pursuant to a Support Agreement dated April 16, 2007, UE Waterheater agreed that it would acquire by way of a take-over bid, all of the issued and outstanding units of VOXCOM at a purchase price of $13.25 cash per VOXCOM unit. On June 8, 2007, UE Waterheater announced that holders of approximately 93.7% of the VOXCOM units had accepted the UE Waterheater offer. UE Waterheater completed a compulsory acquisition of the remaining outstanding VOXCOM units on June 22, 2007.