Energy Income Fund Announces Increased Normal Course Issuer Bid
28 Marzo 2012 - 10:10PM
PR Newswire (Canada)
ENI.UN TORONTO, March 28, 2012 /CNW/ - Crown Hill Capital
Corporation, the Manager and Trustee of Energy Income Fund (the
"Trust"), announced today that it has received approval from the
Toronto Stock Exchange to increase the number of units which may be
purchased under its normal course issuer bid from 637,040 units,
representing approximately 10% of the public float of 6,370,399
units as of November 16, 2011 to 1,284,988 units, representing
approximately 10% of the public float of 12,849,879 units as of
March 23, 2012. Additionally, the Trust may not purchase more than
257,430 units in any 30 day period, representing 2% of the issued
and outstanding units. The Trust is increasing its normal course
issuer bid to provide increased liquidity for the benefit of
investors. The number of units purchased under the normal
course issuer bid from November 21, 2011 to March 23, 2012 was
400,500 at a weighted average price of $5.07. These purchases will
be made in accordance with applicable regulations over a maximum
period ending November 20, 2012. 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:
please contact the Investor Relations department at
416.361.9673ortoll-free at 1.877.261.9674.
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