A primary objective of Automotive Properties REIT is to provide Unitholders with stable, predictable and growing monthly cash distributions on a tax-efficient basis. For Canadian federal income tax purposes, distributions from the REIT will be classified as either income, return of capital, or a combination of income and capital. Unitholders should seek professional advice with respect to the income tax consequences of an investment in the REIT’s Units. The REIT will disclose the tax treatment for unitholder distributions by the end of February in each calendar year.