2006 Income Tax Information - OpenSky Capital Index Income Fund



    (Formerly OpenSky Capital Managed Protection Income Trust Fund)

    TSX Symbol: OMP.UN
    CUSIP: 68372V108

    MONTREAL, March 27 /CNW Telbec/ - The following information is intended
to assist holders of Units of OpenSky Capital Index Income Fund (the "Trust")
in the preparation of their 2006 Income Tax Return. This summary table below
is directed to a Unitholder who, for the purposes of the Income Tax Act
(Canada) is a resident of Canada and holds the Units as capital property.

    
    -------------------------------------------------------------------------
    Distributions
    2006 (actual)

     Record       Payment                   Eligible  Non-eligible   Foreign
      Date         Date          Income    dividends   dividends      Income

    31-Jan-06    15-Feb-06      $ 0.0173    $ 0.0103    $      -    $ 0.0008

    28-Feb-06    15-Mar-06      $ 0.0099    $ 0.0010    $      -    $ 0.0007

    31-Mar-06    17-Apr-06      $ 0.0221    $ 0.0008    $      -    $ 0.0008

    28-Apr-06    15-May-06      $ 0.0192    $ 0.0007    $ 0.0001    $ 0.0009

    31-May-06    15-Jun-06      $ 0.0081    $ 0.0007    $ 0.0001    $ 0.0007

    29-Jun-06    14-Jul-06      $ 0.0179    $ 0.0002    $ 0.0004    $ 0.0007

    31-Jul-06    15-Aug-06      $ 0.0132    $ 0.0004    $ 0.0004    $ 0.0007

    31-Aug-06    15-Sep-06      $ 0.0061    $ 0.0003    $ 0.0005    $ 0.0007

    28-Sep-06    13-Oct-06      $ 0.0178    $ 0.0008    $ 0.0004    $ 0.0007

    31-Oct-06    15-Nov-06      $ 0.0113    $ 0.0007    $ 0.0004    $ 0.0007

    30-Nov-06    15-Dec-06      $ 0.0054    $ 0.0004    $ 0.0002    $ 0.0002

    31-Dec-06    15-Jan-07      $ 0.0113    $ 0.0005    $      -    $ 0.0003

      Total      Year 2006      $ 0.1596    $ 0.0168    $ 0.0025    $ 0.0079
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Distributions
    2006 (actual)
                                                                      Total
     Record       Payment                   Return of    Capital     Distri-
      Date         Date                      Capital       Gain      butions

    31-Jan-06    15-Feb-06                  $ 0.0116    $      -    $ 0.0400

    28-Feb-06    15-Mar-06                  $ 0.0259    $      -    $ 0.0375

    31-Mar-06    17-Apr-06                  $ 0.0163    $      -    $ 0.0400

    28-Apr-06    15-May-06                  $ 0.0191    $      -    $ 0.0400

    31-May-06    15-Jun-06                  $ 0.0269    $      -    $ 0.0365

    29-Jun-06    14-Jul-06                  $ 0.0138    $      -    $ 0.0330

    31-Jul-06    15-Aug-06                  $ 0.0203    $      -    $ 0.0350

    31-Aug-06    15-Sep-06                  $ 0.0274    $      -    $ 0.0350

    28-Sep-06    13-Oct-06                  $ 0.0153    $      -    $ 0.0350

    31-Oct-06    15-Nov-06                  $ 0.0194    $      -    $ 0.0325

    30-Nov-06    15-Dec-06                  $ 0.0203    $      -    $ 0.0265

    31-Dec-06    15-Jan-07                  $ 0.0109    $      -    $ 0.0230

      Total      Year 2006                  $ 0.2272    $      -    $ 0.4140
    -------------------------------------------------------------------------
    

    Each Unitholder will receive a T3 supplementary slip for 2006 that will
indicate the amount of "Other Income" - Box 26, "Non-eligible Dividends" -
Box 23, "Eligible Dividends" - Box 49, "Capital Gains" - Box 21 (where
applicable), "Foreign Non Business Income" - Box 25 and the Amount resulting
in cost base adjustment - Box 42 that are to be included in their tax return.
The dividends will be subject to the standard gross-up and federal dividend
tax credit rules. The T3 supplementary slips are prepared by investment
dealers. Unitholders are advised to contact their investment dealer directly
if they do not receive their T3 supplementary slip. Please note that
"Relevé 16" slip will be received by Quebec residents Unitholders.
    If the Units were held within a RRSP, DPSP, RRIF or RESP, then no
T3 slip/Relevé 16 would be received and no amount would be required to be
reported on the Unitholder's personal tax return.




For further information:

For further information: contact: Steven Marshall, 1-866-317-1818; or
visit our website at www.openskycapital.com

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