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## FUNDS FROM OPERATIONS AND NORMALIZED FUNDS FROM OPERATIONS 

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(1) Although the warrants issued to Fairfax Financial Holdings Limited or its affiliates (the “Fairfax Warrants”) were redeemed on December 29, 2009, they are included in the denominator of diluted FFO and NFFO per Stapled Unit for the period for which they were outstanding (for the three months and year ended December 31, 2009, 13,646,056 Stapled Units and 12,231,559 Stapled Units, respectively). 

(2) For the three months ended December 31, 2010 and 2009, 804,513 and 244,139 Stapled Units, respectively, are included in the determination of diluted FFO and NFFO with respect to the unit option plan. For the years ended December 31, 2010 and 2009, 636,044 and 84,765 Stapled Units, respectively, are included in the determination of diluted FFO and NFFO with respect to Unit Option Plan. 

