Energy Income Fund Declares Normal Course Issuer Bid
15 Novembro 2011 - 7:56AM
PR Newswire (Canada)
ENI.UN TORONTO, Nov. 17, 2011 /CNW/ - Crown Hill Capital
Corporation, the Manager (the "Manager") of Energy Income Fund (the
"Trust"), announced today that the Trust will renew its normal
course issuer bid effective November 21, 2011 to permit the Trust
to purchase up to 637,040 of the outstanding Trust Units ("Units")
on the TSX from time to time. The Trust may purchase Units in
the market for cancellation if the Manager determines that such
purchases provide liquidity to Unitholders. Under the normal
course issuer bid, the Trust may purchase up to 637,040 Units,
representing approximately 10% of the public float of 6,370,399
Units. The issued and outstanding as at November 16, 2011 is
6,390,399. The issued and outstanding units exceed the public
float by 20,000 units because of units held by insiders.
Additionally, the Trust may not purchase more than 127,808 Units in
any 30 day period, representing 2% of the issued and outstanding
Units. These purchases will be made in accordance with
applicable regulations over a maximum period ending November 20,
2012. Units purchased will be cancelled. The number of
units purchased under the normal course issuer bid from November 1,
2010 to October 31, 2011 was 719,500 units with a weighted average
price paid per unit of $5.99. Certain statements contained in this
news release constitute forward-looking information within the
meaning of Canadian securities laws. Forward-looking information
may relate to matters disclosed in this press release and to other
matters identified in public filings relating to the Fund, to the
future outlook of the Fund and anticipated events or results and
may include statements regarding the future financial performance
of the Fund. In some cases, forward-looking information can be
identified by terms such as "may", "will", "should", "expect",
"plan", "anticipate", "believe", "intend", "estimate", "predict",
"potential", "continue" or other similar expressions concerning
matters that are not historical facts. Actual results may vary from
such forward-looking information. Energy Income Fund CONTACT:
Investor Relations department at 416.361.9673 or toll-free
at1.877.261.9674.
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