Merger Details:

Effective September 28, 2007, Payout Performers Income Fund merged with First Asset BlackRock North American Dividend Achievers Trust, with First Asset BlackRock North American Dividend Achievers Trust the surviving fund. Payout Performers Income Fund holders received in exchange, 0.9051 units of First Asset BlackRock North American Dividend Achievers Trust for each unit of Payout Performers Income Fund previously held.