ENI.UN
TORONTO,
Nov. 15, 2012 /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, 2012 to permit the Trust to purchase up to 644,585 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 are accretive to holders of
Units. Under the normal course issuer bid, the Trust may purchase
up to 644,585 Units, representing approximately 10% of the public
float of 6,445,848 Units. The number of Units issued and
outstanding as at November 12, 2012
is also 6,445,848. Additionally, the Trust may not purchase more
than 128,917 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, 2013. Units purchased
will be cancelled. The number of units purchased under the normal
course issuer bid from November 21,
2011 to November 12, 2012 was
752,700 units with a weighted average price paid per unit of
$4.87.
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.
SOURCE Energy Income Fund