BORALEX POWER INCOME FUND U.S. TAX INFORMATION

The following information is intended to assist U.S. unitholders of Boralex Power Income Fund (the "Fund"):

1. Are the Fund's distributions considered "qualified dividends" for U.S. tax purposes?

The trust, in consultation with its advisors, believes that its distributions to U.S. individuals are treated as "qualified dividends".

2. My 1099 indicates the Fund's distributions as non qualified. Is this right?

Following a full evaluation of the situation, we cannot issue the required public disclosure in the United States as we are not eligible for the U.S. Securities and Exchange Commission ("SEC") exemption.

In order to be allowed to issue this disclosure, we would need to fully register with the SEC and this is not possible for the Boralex Power Income Fund (the "Fund"). In fact, registering with the SEC could put the Fund at risk of losing its tax exempt status in Canada.

However, our tax advisors have reviewed our situation and concluded that the Fund's distributions should be considered qualified dividends for US tax purposes. You could treat them as such on your tax returns, but your broker will not be allowed, under US law, to indicate this status on your 1099 form.

Nevertheless, we recommend to all unitholders to consult a tax advisor to properly evaluate the effects on their specific portfolio.