For U.S. residents that own units of the Boyd Group Income Fund, the Fund’s distributions are qualified as a dividend and are subject to a 15% non-resident withholding tax.

For U.S. unitholders that do not have a Tax Identification Number (“TIN”) the Fund’s interest or dividend paying agent (Computershare Trust Company ) is required to withhold an additional 25% backup withholding tax. A U.S. tax form (W9 Form) is sent to all U.S. unitholders to provide their TIN information.