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MACKENZIE INCOME TRUST FUND

 
Expiration

The Preferred A units expired on December 31, 2002. There was no lump sum repayment at maturity as the quarterly payments included a principal and interest repayment.

The expiry date of the MIT is based on the capital invested and the projected rate of return. It was established that investors would get $1.5048 per quarter for five years in repayment of the $25 originally invested.