Versacold's policy is to pay monthly distributions around the 15th of the month to unitholders of record at the close of the last business day of the preceding month. Since inception, the Fund has paid monthly distributions as follows:

Month	Amount per Unit	Record Date:	Payment Date:
January, 2007	$0.08333	January 31, 2007	February 15, 2007
February, 2007	$0.08333	February 28, 2007	March 15, 2007
March, 2007	$0.08333	March 31, 2007	April 16, 2007
April, 2007	$0.08333	April 30, 2007	May 15, 2007
May, 2007	$0.08333	May 31, 2007	June 15, 2007
June, 2007	$0.08333	June 30, 2007	July 16, 2007
January, 2006	$0.08333	January 31, 2006	February 15, 2006
February, 2006	$0.08333	February 28, 2006	March 15, 2006
March, 2006	$0.08333	March 31, 2006	April 17, 2006
April, 2006	$0.08333	April 30, 2006	May 15, 2006
May, 2006	$0.08333	May 31, 2006	June 15, 2006
June, 2006	$0.08333	June 30, 2006	July 17, 2006
July, 2006	$0.08333	July 31, 2006	August 15, 2006
August, 2006	$0.08333	August 31, 2006	September 15, 2006
September, 2006	$0.08333	September 29, 2006	October 16, 2006
October, 2006	$0.08333	October 31, 2006	November 15, 2006
November, 2006	$0.08333	November 30, 2006	December 15, 2006
December, 2006	$0.08337	December 29, 2006	January 15, 2007
January, 2005	$0.0775	January 31, 2005	February 15, 2005
February, 2005	$0.0775	February 28, 2005	March 15, 2005
March, 2005	$0.0775	March 31, 2005	April 15, 2005
April, 2005	$0.0775	April 30, 2005	May 16, 2005
May, 2005	$0.0775	May 31, 2005	June 15, 2005
June, 2005	$0.0775	June 30, 2005	July 15, 2005
July, 2005	$0.0775	July 29, 2005	August 15, 2005
August, 2005	$0.0775	August 31, 2005	September 15, 2005
September, 2005	$0.0775	September 30, 2005	October 17, 2005
October, 2005	$0.0775	October 31, 2005	November 15, 2005
November, 2005	$0.0775	November 30, 2005	December 15, 2005
December, 2005	$0.08333	December 30, 2005	January 16, 2005
January, 2004	$0.0775	January 30, 2004	February 16, 2004
February, 2004	$0.0775	February 27, 2004	March 15, 2004
March, 2004	$0.0775	March 31, 2004	April 15, 2004
April, 2004	$0.0775	April 30, 2004	May 17, 2004
May, 2004	$0.0775	May 31, 2004	June 15, 2004
June, 2004	$0.0775	June 30, 2004	July 15, 2004
July, 2004	$0.0775	July 30, 2004	August 16, 2004
August, 2004	$0.0775	August 31, 2004	September 15, 2004
September, 2004	$0.0775	September 30, 2004	October 15, 2004
October, 2004	$0.0775	October 29, 2004	November 15, 2004
November, 2004	$0.0775	November 30, 2004	December 15, 2004
December, 2004	$0.0775	December 31, 2004	January 17, 2005
January, 2003	$0.0775	January 31, 2003	February 14, 2003
February, 2003	$0.0775	February 28, 2003	March 14, 2003
March, 2003	$0.0775	March 31, 2003	April 15, 2003
April, 2003	$0.0775	April 30, 2003	May 15, 2003
May, 2003	$0.0775	May 30, 2003	June 13, 2003
June, 2003	$0.0775	June 30, 2003	July 15, 2003
July, 2003	$0.0775	July 31, 2003	August 15, 2003
August, 2003	$0.0775	August 29, 2003	September 15, 2003
September, 2003	$0.0775	September 30, 2003	October 15, 2003
October, 2003	$0.0775	October 31, 2003	November 17, 2003
November, 2003	$0.0775	November 28, 2003	December 15, 2003
December, 2003	$0.0775	December 31, 2003	January 15, 2004
January, 2002	n/a	n/a	n/a
February, 2002	$0.03	February 28, 2002	March 15, 2002
March, 2002	$0.0775	March 29, 2002	April 15, 2002
April, 2002	$0.0775	April 30, 2002	May 15, 2002
May, 2002	$0.0775	May 31, 2002	June 14, 2002
June, 2002	$0.0775	June 28, 2002	July 15, 2002
July, 2002	$0.0775	July 31, 2002	August 15, 2002
August, 2002	$0.0775	August 30, 2002	September 13, 2002
September, 2002	$0.0775	September 30, 2002	October 15, 2002
October, 2002	$0.0775	October 31, 2002	November 15, 2002
November, 2002	$0.0775	November 29, 2002	December 13, 2002
December, 2002	$0.1125	December 31, 2002	January 15, 2003

Tax Information
The following information is intended to assist unitholders of Versacold Income Fund in the preparation of their Income Tax Return. T3 Supplementary tax slips will be mailed by March 31 of each year.

The following table summarizes the per unit cash distributions of the Fund and the income tax characterization based on the year of the record dates:

	Interest Income		Eligible Dividends		Non-Eligible Dividends		Return of Capital		Total
	Cdn$	%	Cdn$	%	Cdn$	%	Cdn$	%	Cdn$	%
2006	$0.5856	58.56	$0.0000	00.00	$0.2457	24.57	$0.1687	16.87	$1.0000	100.00
2007	$0.2758	55.16	$0.0000	00.00	$0.1022	20.44	$0.1220	24.40	$0.5000	100.00

*The above percentages also apply to part-year holdings.

Where units are held in a tax-sheltered plan (e.g., RRSP, RRIF, or RESP), there is no income to be reported (unless withdrawals are made from such a plan).

Holders of units who are non-residents of Canada will be required to pay any applicable withholding taxes in respect to any cash distributions paid by Versacold Income Fund.

Adjusted Cost Base (ACB)
Unitholders resident in Canada are required to reduce the Adjusted Cost Base of their units by any distributions received in the form of a Return of Capital. The ACB is used in calculating capital gains or losses upon the disposition of the units.

Page Last Updated: 7/31/2007