Distribution Reinvestment Plan (DRIP)

AltaGas Income Trust has adopted a Premium Distribution^TM, Distribution Reinvestment and Optional Unit Purchase Plan for holders of trust units of AltaGas Income Trust and holders of Class B Limited Partnership Units (Exchangeable Units) of either AltaGas Holding Limited Partnership No. 1 or AltaGas Holding Limited Partnership No. 2.

The Plan provides unitholders with a convenient and economical way to maximize their investment in AltaGas. The Plan provides an alternative where eligible unitholders may elect, under the Premium Distribution^TM component, to receive a premium cash distribution equal to 102 per cent of the reinvested cash distribution or invested cash payment that such unitholders would have otherwise been entitled to receive on the distribution payment date. The Plan also enables eligible unitholders to direct cash distributions paid by AltaGas in respect of their existing trust units be reinvested or cash payments made by the AltaGas LPs in respect of their Exchangeable Units be invested in additional trust units at 95 per cent of the average market price (as defined in the Plan) of a trust unit. Eligible unitholders can also make optional trust unit purchases at the weighted average market price subject to Plan limits.

If you wish to participate in the Plan, eligible registered unitholders must enroll directly with Computershare Trust Company of Canada, while beneficial unitholders should simply contact their broker, investment dealer, financial institution or other nominee through which you hold your trust units or Exchangeable Units, as they must enroll on your behalf.

Please note that as of August 15, 2007, AltaGas suspended the Premium component of the Distribution Reinvestment Plan (DRIP) effective with the distribution payment. The regular component of the DRIP will remain in effect and will continue to support AltaGas' financing strategy. In the future, as conditions warrant, the Trust may consider reinstating the Premium DRIP (PDRIP) component based on AltaGas' capital requirements and desire to maintain an efficient capital structure. While the PDRIP component of the Plan is suspended, PDRIP participants will continue to receive regular cash distributions.

Monthly Summary

Plan Outline - Trust Units

Plan Outline - Limited Partnership Units

Plan FAQs