Gamehost Income Fund- 2010 T3 Tax Factors
21 Mars 2011 - 5:24PM
Marketwired Canada
Gamehost Inc. (the "Company", "Gamehost") (TSX:GH)
The following information is intended to assist individual Canadian unit holders
of Gamehost Income Fund (the "Fund", or the "Trust") in the preparation of their
2010 T1 Income Tax Return.
Cash distributions in 2010 are 16.29 percent non-taxable as a Return of Capital
("ROC") with the remaining 83.71 percent being taxable.
Trust units held inside of an RRSP, RRIF or DPSP
No amounts are required to be reported on the 2010 T1 Income Tax Return where
Fund trust units are held within an RRSP, RRIF or DPSP.
Trust units held outside of an RRSP, RRIF or DPSP
Unit holders who hold their trust units outside of an RRSP, RRIF or DPSP through
a broker or other intermediary and who have received cash distributions during
the calendar year 2010, will receive a "T3 Supplementary" slip directly from
their broker or intermediary, not from the transfer agent of the Fund,
Computershare Investor Services (the "Transfer Agent").
Registered unit holders of Trust units who have received cash distributions
during the calendar year 2010 from the Transfer Agent (and not from a broker or
intermediary) will receive a "T3 Supplementary" slip directly from the Transfer
Agent.
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IF Then
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You hold trust units through a broker You will receive a T3 Supplementary
or other intermediary... slip directly from your broker or
intermediary, not from the transfer
agent or Gamehost Income Fund.
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You are a registered unit holder... You will receive T3 Supplementary
slips directly from the transfer
agent (Computershare Trust Company of
Canada).
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The amount reported in Box (26) on the T3 slip should be reported on your T1
Income Tax Return as "Other Income".
The table below includes supplementary information on the taxable portion of the
2010 cash distributions shown on a per unit basis. Under Paragraph 12 (1) (m) of
the Income Tax Act, taxable amounts allocated to the unit holders must be
reported by the unit holders in their 2010 Income Tax Return.
Accordingly, the taxable amount of cash distributions received from January 1,
2010 up to and including December 31, 2010 is included in your "T3
Supplementary". The deadline for mailing all T3 Supplementary Information slips
as required by Revenue Canada is March 31, 2011.
Adjusted Cost Base for Capital Gains
Holders of trust units are required to reduce the Adjusted Cost Base ("ACB") of
their units by an amount equal to the cumulative cash received from cash
distributions minus cumulative taxable amounts reported as "Other Income" on
their slips (if any).
The ACB is used in calculating capital gains or losses on the disposition of the
trust units if the trust units are held as a capital property by the owner.
GAMEHOST INCOME FUND
2010 - T3 Information
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Total Taxable Return of
Month Record date Payment date distribution income capital
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Jan-10 27-Jan-10 19-Feb-10 $ 0.07330 $ 0.06136 $ 0.01194
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Feb-10 05-Mar-10 26-Mar-10 $ 0.07330 $ 0.06136 $ 0.01194
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Mar-10 06-Apr-10 23-Apr-10 $ 0.07330 $ 0.06136 $ 0.01194
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Apr-10 30-Apr-10 14-May-10 $ 0.07330 $ 0.06136 $ 0.01194
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May-10 02-Jun-10 15-Jun-10 $ 0.07330 $ 0.06136 $ 0.01194
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Jun-10 30-Jun-10 15-Jul-10 $ 0.07330 $ 0.06136 $ 0.01194
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Jul-10 31-Jul-10 13-Aug-10 $ 0.07330 $ 0.06136 $ 0.01194
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Aug-10 31-Aug-10 15-Sep-10 $ 0.07330 $ 0.06136 $ 0.01194
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Sep-10 30-Sep-10 15-Oct-10 $ 0.07330 $ 0.06136 $ 0.01194
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Oct-10 31-Oct-10 15-Nov-10 $ 0.07330 $ 0.06135 $ 0.01195
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Nov-10 4-Dec-10 15-Dec-10 $ 0.07330 $ 0.06135 $ 0.01195
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Dec-10 31-Dec-10 17-Jan-11 $ 0.07330 $ 0.06135 $ 0.01195
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$ 0.87960 $ 0.73629 $ 0.14331
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Gamehost Income Fund was an unincorporated open-ended limited purpose trust
established under the laws of the Province of Alberta.
On December 31, 2010, immediately following the above described distributions,
Gamehost successfully completed a conversion from an income trust to a
corporation. Accordingly, the aforementioned distributions are the final
distributions of the Fund.
Gamehost, as a corporation, anticipates maintaining the existing rate of monthly
distributions in the form of eligible dividends.
Gamehost's activities are currently confined to the Province of Alberta, Canada.
Operations of Gamehost include the Boomtown Casino in Ft. McMurray and the Great
Northern Casino, Service Plus Inns & Suites and a strip mall all located in
Grande Prairie. Gamehost also holds a 91% ownership interest in Deerfoot Inn &
Casino Inc. in Calgary.
Complete disclosure of Gamehost can be found on SEDAR at www.sedar.com.
Additional information for Gamehost can be found on the Company's website at
www.gamehost.ca.
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