TORONTO, Sept. 27, 2011 /CNW/ - Energy Income Fund (the "Fund") is
pleased to announce that it has filed the final short form prospectus
relating to its warrant offering. Each Unitholder of record on October
7, 2011 will receive one new warrant (a "Warrant") for each unit held.
Each Warrant will entitle the Unitholder to purchase a new unit upon
payment of the subscription price of $5.00 (which is 95% of the closing
price of the units on the TSX on September 22, 2011). Warrants may be
exercised at any time before the earlier of i) March 1, 2012 or ii)
such date which is 20 Business Days from the date the embedded call
feature in the Warrants is exercised by the Fund in accordance with the
terms of the Warrant offering. A copy of the final Warrant offering
prospectus has been filed on SEDAR at www.sedar.com.
The exercise of Warrants by warrantholders (the "Warrantholders") will
provide the Fund with additional capital that can be used to take
advantage of attractive investment opportunities and is also expected
to increase the trading liquidity of the Fund's units and reduce the
management expense ratio of the Fund.
Warrantholders will have the opportunity to potentially acquire units at
a price lower than the trading price in the marketplace.
Units of the Fund trade on the Toronto Stock Exchange (the "TSX") under
the symbol "ENI.UN". The Warrants have been conditionally approved for
listing on the TSX. It is expected the Warrants will commence trading
on October 11, 2011 under the symbol ENI.WT.
The Warrants are not qualified for distribution in the United States of
America. For further details please consult the final prospectus or
your investment advisor.
Commissions, trailing commissions, management fees and expenses all may
be associated with investment funds. Please read the fund's publicly
filed documents which are available from SEDAR at www.sedar.com. Investment funds are not guaranteed, their values change frequently
and past performance may not be repeated.
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
For further information:
please call our bilingual Investor Relations line at toll-free 1.877.261.9674 or 416.361.9673 or visit our website at www.crownhill.ca