2002 U.S. Tax Information

For 2002, it has been determined that 56 percent of distributions received by U.S. unit holders is taxable as normal income and 44 percent is a tax deferred return of capital and should be treated as an adjustment to the cost base of the units.

For U.S. unitholders to file a tax revision, Form 1040X will need to be completed. A professional tax preparer will be able to assist in the completion of this form. The statutory limitation for claiming a refund is three years from the date of the initial tax filing.

This does not constitute and is not intended to be legal or tax advice to any particular holder or potential holder of Provident units. Holders or potential holders of Provident units are urged to consult their own legal and tax advisors as to their particular U.S. federal income tax consequences of holding Provident units.