Inter Pipeline Fund Announces 2012 Tax Information

Inter Pipeline Fund Announces 2012 Tax Information 
CALGARY, ALBERTA -- (Marketwire) -- 03/05/13 -- Inter Pipeline Fund
("Inter Pipeline") (TSX:IPL.UN) announced today the following tax
information in relation to cash distributions declared to unitholders
in 2012.  
Tax Information 
During the year, Inter Pipeline declared cash distributions totalling
$1.0550 per unit. The 2012 taxable portion amounts to $0.72777 per
unit or 68.98% of total cash distributions. The return of capital
component in 2012 was $0.32723 per unit or 31.02%. 
Unitholders holding Class A units within a tax-free savings account,
registered retirement savings plan, registered retirement income
fund, deferred profit sharing plan, registered education savings plan
or other similar type of deferral plan should not report any income
related to cash distributions on their 2012 income tax return.
Unitholders holding Class A units outside a deferred plan are taxable
on their share of Inter Pipeline's income for tax purposes. 
Unitholders should be aware that their participation in Inter
Pipeline's Premium Distribution(TM) and Distribution Reinvestment
Plan does not relieve them of any liability for Federal and
Provincial income taxes in Canada arising from these distributions,
whether re-invested or received as cash. 
Here is a breakdown of Inter Pipeline's 2012 distributions:  


 
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                                   Percent of Total Cash                    
                                  Distributions Declared  $per Class A unit 
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Eligible Dividends                              59.43981%          $0.62709 
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Foreign Interest Income                         13.37062            0.14106 
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Gross Capital Gain                               0.06919            0.00073 
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Carrying
 Charges                                (3.89668)          (0.04111)
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  Total taxable portion                         68.98294%          $0.72777 
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Return of Capital                               31.01706            0.32723 
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  Total distributions declared                 100.00000%          $1.05500 
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Although the December 31, 2012 distribution of $0.0925 per unit was
paid on January 15, 2013, the taxable portion of this distribution is
included in the unitholders' taxable income for 2012. 
Additional 2012 and historical tax information is available on our
website at www.interpipelinefund.com by selecting "Investor
Relations" then "Tax Information".  
(TM) Denotes trademark of Canaccord Capital Corporation 
Tax Forms 
If unitholders have registered their Class A units directly with
Inter Pipeline's registrar and transfer agent, Computershare Trust
Company of Canada (Computershare), then Computershare will be
responsible for completing and mailing the T5013 or Releve 15 tax
form. If unitholders hold their Class A units beneficially through a
brokerage firm, then the brokerage firm will be responsible for
completing and mailing the T5013 or Releve 15 form.  Both the T5013
and Releve 15 forms are required to be mailed to unitholders on or
before March 31, 2013. 
Inter Pipeline is not responsible for completing or mailing
individual T5013 or Releve 15 tax forms. Unitholders are advised to
consult their own tax advisors as to their particular income tax
situation. 
Inter Pipeline Fund 
Inter Pipeline is a major petroleum transportation, bulk liquid
storage and natural gas liquids extraction business based in Calgary,
Alberta, Canada. Structured as a publicly traded limited partnership,
Inter Pipeline owns and operates energy infrastructure assets in
western Canada, the United Kingdom, Denmark, Germany and Ireland.
Additional information about Inter Pipeline can be found at
www.interpipelinefund.com. 
Inter Pipeline is a member of the S&P/TSX Composite Index.  Class A
units trade on the Toronto Stock Exchange under the symbol IPL.UN. 
Eligible Investors 
Pursuant to Inter Pipeline's limited partnership agreement dated
October 9, 1997, as amended, all unitholders are required to be
residents of Canada.  A copy of the limited partnership agreement can
be found at www.interpipelinefund.com by selecting "Corporate
Governance". If a unitholder is a non-resident of Canada
("Non-Eligible Unitholder"), he will not be considered to be a member
of the partnership effective the date the Class A Units were
acquired. Inter Pipeline requires all Non-Eligible Unitholders to
dispose of their Class A Units in accordance with the limited
partnership agreement. 
In most cases, a unitholder with an address outside of Canada will be
a Non-Eligible Unitholder. 
Disclaimer 
Certain information contained herein may constitute forward-looking
statements that involve risks and uncertainties.  Readers are
cautioned not to place undue reliance on forward-looking statements. 
Such information, although considered reasonable by the General
Partner of Inter Pipeline at the time of preparation, may later prove
to be incorrect and actual results may differ materially from those
anticipated in the statements made.  For this purpose, any statements
that are not statements of historical fact may be deemed to be
forward-looking statements.  Forward-looking statements often contain
terms such as "may", "will", "should", "anticipate", "expects" and
similar expressions.  Such risks and uncertainties include, but are
not limited to, risks associated with operations, such as loss of
markets, regulatory matters, environmental risks, industry
competition, potential delays and cost overruns of construction
projects, including the Corridor pipeline system expansion project,
a
nd the ability to access sufficient capital from internal and
external sources. You can find a discussion of those risks and
uncertainties in Inter Pipeline's securities filings at
www.sedar.com.  The forward-looking statements contained in this news
release are made as of the date of this document, and, except to the
extent required by applicable securities laws and regulations, Inter
Pipeline assumes no obligation to update or revise forward-looking
statements made herein or otherwise, whether as a result of new
information, future events, or otherwise.  The forward-looking
statements contained in this document are expressly qualified by this
cautionary note. 
All dollar values are expressed in Canadian dollars unless otherwise
noted.
Contacts:
Inter Pipeline Fund - Investor Relations:
Jeremy Roberge
Vice President, Capital Markets
403-290-6015 or 1-866-716-7473
jroberge@interpipelinefund.com 
Inter Pipeline Fund - Media Relations:
Tony Mate
Director, Corporate and Investor Communications
403-290-6166
tmate@interpipelinefund.com
www.interpipelinefund.com