Notice of US Tax Basis Reporting under Internal Revenue Code § 6045B

Effective January 1, 2011 issuers of corporate stock must begin reporting to certain U.S. shareholders corporate actions that affect stock basis for U.S. federal income tax purposes, including but not limited to mergers, stock splits, stock dividends, recapitalizations and common stock distributions paid in excess of cumulative earnings and profits. The below files are intended to meet the requirements of public disclosure pursuant to Treasury Regulation §1.6045B‐1 (a) (3) and (b) (4) for WesternOne Equity Income Fund (the “Fund”), where the Fund is treated as a corporation and where its Units are treated as corporate stock for U.S federal income tax purposes.

Year 2011

Year 2012