Canadian Utilities & Telecom Income Fund (the "Fund") (TSX:UTE.UN) announces
results of operations for the year ended December 31, 2013. Net increase in net
assets from operations amounted to $1.9 million or $0.47 per unit. Net assets
were $45.0 million or $11.76 per unit, net of distributions to unitholders in
the amount of $3.5 million or $0.85 per unit.


The Fund's investment objectives are (i) to pay unitholders monthly
distributions in an amount targeted to be 7.0% per annum on the net asset value
("NAV") of the Fund; and (ii) to preserve and enhance the Fund's NAV while
reducing portfolio volatility.


The Fund achieves its investment objectives by investing in a portfolio
consisting principally of equity securities of large capitalization (over $1
billion) Utilities and, to a lesser degree, Telecommunications issuers listed on
the Toronto Stock Exchange ("TSX"). Issuers selected for inclusion in the
portfolio must have a minimum distribution yield of 2.0% per annum.


The Fund may also invest up to 20% of the Fund's NAV in equity securities of
other Utilities and Telecommunications issuers listed on a North American stock
exchange, subject to a minimum market capitalization of $250 million and a
minimum distribution yield of 2.0% per annum.


The Fund employs a proprietary investment strategy, Strathbridge Selective
Overwriting ("SSO"), to enhance the income generat ed by the portfolio and to
reduce volatility. The Fund may, from time to time, selectively write covered
call options in respect of up to a maximum of 25 percent of the securities in
the portfolio. In addition, the Fund may write cash covered put options in
respect of securities in which it is permitted to invest.


The Fund's investment portfolio is managed by its investment manager,
Strathbridge Asset Management Inc. The Fund's units are listed on TSX under the
symbol UTE.UN.




-------------------------------------------------------
Selected Financial Information : ($ Millions)          
-------------------------------------------------------
                                                       
Statement of Net Assets                           2013 
                                             --------- 
Assets                                        $   45.1 
Liabilities                                       (0.1)
                                             --------- 
Net Assets (Unitholders' Equity)              $   45.0 
                                                       
Statement of Financial Operations                      
Revenue                                       $    2.1 
Expenses                                          (1.2)
                                             --------- 
Net Investment Income                         $    0.9 
Net Gain on Investments                            1.0 
                                             --------- 
                                                       
Net Increase in Net Assets from Operations    $    1.9 
-------------------------------------------------------



Aaron Ho, Vice-President, Finance             

Commissions, trailing commissions, management fees and expenses all may be
associated with investment funds. Please read the prospectus before investing.
Investment funds are not guaranteed, their values change frequently and past
performance may not be repeated.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Strathbridge Asset Management Inc.
Investor Relations
416.681.3966; 1.800.725.7172
info@strathbridge.com
www.strathbridge.com
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