The appended trusts have advised that they are Managed Investment Trusts (MIT) for the purpose of Subdivision 12-H of Schedule 1 of the Taxation Administration Act 1953 (CHT) (theAct), in respect of the noted period. The distribution information includes a "fund payment" amount as defined in Section 12-405 in the Act. The "fund payment" amount is only used to determine the amount of withholding tax applicable to any direct or indirect investment in a syndicate ultimately held by a non resident.

Neither UBS Wealth Management nor any of its associated entities offer or provide tax advice. We strongly recommend that unitholders / investors obtain independent professional tax advice on the tax implications of an investment in a MITand the receipt of a fund payment in their particular circumstances. This information does not constitute a tax statement nor tax advice.

The information in these notices has been sourced from third parties and is current at the time payment is received. UBS Wealth Management is reliant upon those third parties for the accuracy and completeness of such information. We do not accept liability for any errors or inaccuracies.