Inter Pipeline Fund was created pursuant to a limited partnership agreement and registered as a limited partnership under the laws of the Province of Alberta on October 9, 1997.
Pursuant to the limited partnership agreement, as amended, all unitholders are required to be residents of Canada. A copy of the limited partnership agreement can be found on our home page under the heading, 'Corporate Governance'. If a unitholder is a non-resident of Canada ('Non-Eligible Unitholder'), he will not be considered to be a member of the partnership effective the date the Class A Units were acquired. Inter Pipeline requires all Non-Eligible Unitholders to dispose of their Class A Units in accordance with the limited partnership agreement.
In most cases, a unitholder with an address outside of Canada will be a Non-Eligible Unitholder.
In the event that Class A units have been acquired by a non-eligible person, the Partnership Agreement contains transfer and ownership constraint provisions which authorize the General Partner to, among other things, deny a transfer of Class A units to any person who is not an Eligible Investor and require the sale of Class A units held by persons who are not Eligible Investors.
No, the limited partnership agreement does not require Inter Pipeline to have an annual unitholders meeting.
Neither Inter Pipeline nor Class A unitholders are responsible for completing individual T5013 or Releve 15 tax forms.
If your Inter Pipeline Class A units are registered directly with Computershare Trust Company of Canada (Computershare), then Computershare is responsible for completing and mailing your T5013 or Releve 15 tax form.
If your Inter Pipeline Class A units are held beneficially through a brokerage firm, then your brokerage firm will be responsible for completing and mailing the T5013 or Releve 15 form.
Unitholders are advised to consult their own tax advisors as to their particular income tax situation regarding tax-related matters.
According to the Income Tax Act (Canada), brokers have until March 31 of the current year to mail out the T5013 or Releve 15 forms to individual unitholders
If your T5013 form is incorrect or missing information, please contact your broker or Computershare. Inter Pipeline is not responsible for completing or mailing individual tax forms to unitholders.
For 2012, Inter Pipeline declared and paid cash distributions totalling $1.055 per unit. On a cash distribution basis, the 2012 Taxable portion represents 68.98294% and the return of capital portion is 31.01706%. The taxable portion is split between eligible dividends, foreign interest income and capital losses as per the table below.
|% of Total Cash Distributions Declared||$ per Class A Unit|
|Foreign Interest Income||13.37062%||$0.14106|
|Gross Capital Gain||0.06919%||$0.00073|
|Total Taxable Portion||68.98294%||$0.72777|
|Return of Capital||31.01706%||$0.32723|
|Total distributions declared||100.00000%||$1.05500|
At the present time, it is very difficult to predict future tax deduction amounts due to the nature of our businesses. Inter Pipeline typically reports current year tax information in early March the following year.
Yes, additional information on Inter Pipeline's DRIP program can be found here
Inter Pipeline Fund is an Alberta limited partnership formed under the Partnership Act (Alberta) and it consists of limited partners who are members of the public (Class A unitholders), and a general partner, Pipeline Management Inc.
The general partner is required by law to carry on the business of Inter Pipeline and, by law and by contract, assumes unlimited liability in respect thereof.
A limited partner may lose the protection of the limited liability afforded to him by the Partnership Act if a limited partner takes part in the control of the business of the limited partnership. For example, limited partners are not permitted to take part in the administration, management, control or operation of the business of Inter Pipeline, to transact any business on behalf of Inter Pipeline, or make any commitment on behalf of Inter Pipeline. The general partner must assume and does assume these roles in order to preserve the limited liability of the limited partners.
Accordingly, Inter Pipeline, operating through its general partner, Pipeline Management Inc., carries on the business of operating pipeline systems and natural gas liquid extraction plants. As long as individual limited partners take no part in the control of the business of Inter Pipeline, they need not be concerned about loss of limited liability. In all cases, the general partner assumes such unlimited liability.
As a result, many directors and officers of limited partnerships (including Inter Pipeline) refrain from owning limited partnership units.
In This Section
- Financial Reports
- Investor Presentations
- Unit Price Information
- Monthly Distributions
- Webcasts & Conference Calls
- Events Calendar
- Tax Information
- Credit Ratings
- Analyst Coverage
- Eligible Investors
- Request Information
Inter Pipeline Fund made the Venture 250 list, Alberta Venture magazine's 2012 list of the 250 highest grossing Alberta companies.