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TRAILER FEE FACTORS FOR THE QUARTER ENDED
MARCH 31, 2007
Trailer fee calculations are based on the weighted average trading commitment over the quarter. As with previous adjustments, the effect of the reduction (increase) in assets allocated to the futures trading program in each separate Note is a proportionate reduction (increase) in all fees and expenses, including fees payable to Tricycle. Accordingly, trailer fees payable to selling group members will be adjusted.
| Series |
Quarterly
Trailer Rate |
NAV Per Unit
at March 30, 2007 |
Average Trading
Commitment in Quarter |
Trailer Fee Per Unit |
|
N-8
|
0.625%
|
94.1676
|
38.8%
|
$0.2422
|
COMPENSATION
 |
|
Attractive and competitive placement fees |
|
|
|
| 3% |
|
Placement Fee:
Dealers will be paid 3% in the month in which they sell the product (as soon as the money is recieved in The Canadian Wheat Board fixed income account). |
|
|
|
| 2.917% |
|
Trailer fee for the period ending March 31, 2005 |
|
|
|
| 0.625% |
|
Trailer fee for the 3 month period ending June 30, 2005 |
|
|
|
| 0.625% |
|
Period ending: March, June, September, December. These quarterly payments equal 2.5% per annum. |
|
|
|
| Trailer fees are a percentage of current Net Asset Value (NAV). * |
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|
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* Note: upon closing of the offering, (after payment of placement fees to the dealer), the Notes begin with Net Asset Value (NAV) of $100
All compensations is funded out of the fees and expenses of the Notes |
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