ENERGY INDEXPLUS Dividend Fund announces normal course issuer bid
TORONTO, Aug. 9, 2012 /CNW/ - ENERGY INDEXPLUS Dividend Fund announced that it has filed a notice with the Toronto Stock Exchange (the "TSX") and received its approval to make a normal course issuer bid ("NCIB") for its units through the facilities of the TSX. This NCIB will commence on August 13, 2012 and will terminate on August 12, 2013. In accordance with the Declaration of Trust by which the Fund is governed, market purchases pursuant to its NCIB may be effected by the Fund.
The Fund had 4,953,021 units issued and outstanding as at August 3, 2012. The Fund may, during the 12 month period commencing August 13, 2012 purchase on the TSX up to 485,972 units, being 10% of the public float and may not, in any 30 day period, purchase more than 99,060 units, being 2% of the units issued and outstanding. The Fund will cancel all units purchased pursuant to the bid. As at August 3, 2012 the Fund had purchased 447,800 units at an average price of $9.15 per unit under its previously approved normal course issuer bid. The Fund is implementing the NCIB to allow it to purchase units if and when it makes sense to do so.
ENERGY INDEXPLUS Dividend Fund trades on the Toronto Stock Exchange under the symbol "IDE.UN".
SOURCE: ENERGY INDEXPLUS Dividend FundFor further information:
visit our website at www.middlefield.com or contact the undersigned:
Managing Director, Sales and Marketing