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1、Q2YellowPagesIncomeFundSecondQuarterReport2009PeriodendedJune30,2009ThisquarterlyreportisprintedonRollandEnviro100,theenvi-YellowPagesIncomeFundronmentalresponsiblechoice,becauseitisprocessedchlorinefree,accreditedEco-Logo(EnvironmentCanada)and100%16PlaceduCommerce,Nu
2、ns’Islandpost-consumer.Inotherwords,notreeshavebeencuttopro-Verdun,QuebecH3E2A5ducethispaper,andallthe?brecomesfromrecyclingbins.www.ypg.comHeadOf?ce16PlaceduCommerceNuns’IslandVerdun,QuebecH3E2A5InvestorRelationsTelephone:1877YLO-2003(1877956-2003)E-mail:ir.info@ypg.
3、comAuditorsDeloitte&ToucheLLPUnitsListedTorontoStockExchangeSymbols:YLO.UNUnitsTableofContentsYPG.BDExchangeableDebenturesYPG.PR.ASeries1CumulativeRedeemableFirstPreferredsharesYPG.PR.BSeries2CumulativeRedeemableFirstPreferredsharesManagement’sDiscussionandAnalysis...
4、..................................................................................1InterimConsolidatedBalanceSheet.........................................................................................36TransferAgentCIBCMellonTrustCompanyInterimConsolidatedStatement
5、sofEarnings...........................................................................372001UniversityStreetSuite1600InterimConsolidatedStatementsofComprehensiveIncome...................................................38Montreal,QuebecH3E2A6Telephone:1800387-0825Inter
6、imConsolidatedStatementsofUnitholders’Equity...........................................................39E-mail:inquiries@cibcmellon.comInterimConsolidatedStatementsofCashFlows.......................................................................40Forfurtherinformati
7、ononYellowPagesIncomeFund,NotestotheInterimConsolidatedFinancialStatements......................................................41-56visitourcorporateWebsiteatwww.ypg.com.YELLOWPAGESINCOMEFUNDManagement’sDiscussionandAnalysisManagement’sDiscussionandAnalysisAugust6,20
8、09Thismanagement’sdiscussionandanalysis(MD&A)isintendedtohelpthereaderunderstandandassesstrendsandsignificantchangesintheres