Which of the Following Statements with Respect to Income Trusts

Which of the following statements with respect to income trusts and mutual funds is NOT correct?

A) Mutual funds can be organized as either trusts or corporations.
B) When an income trust makes a capital distribution, the amount received by a unit holder will be deducted from the adjusted cost base of the units held.
C) Business income received by an income trust will be distributed to investors as business income.
D) Eligible dividends received by a mutual fund will be distributed to investors as eligible dividends.