ENERGY INDEXPLUS Dividend Fund announces normal course issuer bid
CALGARY, Aug. 11, 2014 /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, 2014 and will terminate on August 12, 2015. 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 2,678,584 units issued and outstanding as at August 1, 2014. The Fund may, during the 12 month period commencing August 13, 2014 purchase on the TSX up to 266,898 units, being 10% of the public float and may not, in any 30 day period, purchase more than 53,571 units, being 2% of the units issued and outstanding. The Fund will cancel all units purchased pursuant to the bid. As at August 1, 2014 the Fund had purchased 205,700 units at an average price of $10.22 per unit under its previously approved normal course issuer bid. The manager of the Fund believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds.
ENERGY INDEXPLUS Dividend Fund trades on the Toronto Stock Exchange under the symbol "IDE.UN".
SOURCE ENERGY INDEXPLUS Dividend FundFor further information: For further information visit our website at www.middlefield.com or contact the undersigned: Nancy Tham, Managing Director, Sales and Marketing, (416) 847-5349