Since our national series of presentations in February 2009 that dealt with the choices facing income trusts in light of the changes in tax treatment, the pace of trusts converting to corporations has intensified. We have prepared the following summary of income trust transactions since February 2009 for invitees of our presentations with a view to keeping you up-to-date on recent transactions.

type Securities and Capital Markets Bulletin – June 2009 – Update on Income Trust Conversion Activity