Cathedral has entered into an agreement with CRA regarding the tax strategies used from its conversion to a corporation from an income trust in December 2009. The agreement will result in no cash outlay, but in a non-cash charge to earnings of ~$10.5 mm in 2Q15e due to adjustments in deferred tax balances. Details will be provided in the Company's 2Q15 release on the impact to deferred tax assets and liabilities.
