Created in February 2002, Boralex Power Income Fund (the “Fund”) is an unincorporated open-ended trust that indirectly owns ten power generating stations with a total installed capacity of 190 megawatts (MW). Eight of these power stations are located in Quebec, Canada, and two are in the State of New York in the United States.

• The seven hydroelectric power stations, of which five are in Quebec and two in the United States, have a total installed capacity of 96 MW.
• The wood-residue cogeneration power station, located in Quebec, has an installed capacity of 28 MW and produces about 1,780,000 thousand of pounds of steam per year.
• The wood-residue thermal power station, in Quebec, has an installed capacity of 35 MW.
• The natural gas cogeneration power station, also located in Quebec, has an installed capacity of 31 MW and produces about 870,000 thousand of pounds of steam per year.

The Fund’s objectives are to provide stable and consistent distributions to unitholders and to maximize distributions per trust unit:

	•	by improving the profitability of existing operating assets;
	•	and by acquiring additional power stations.

The Fund’s power stations are managed by Boralex Inc. The Fund has no employees. The Fund’s units are listed on the Toronto Stock Exchange (TSX) under the symbol BPT.UN.