TORONTO, Dec. 8 /CNW/ - ACTIVEnergy Income Fund announced today its intention to make a normal course issuer bid for its units through the facilities of the Toronto Stock Exchange (the "TSX"). This normal course issuer bid will commence on December 10, 2009 and will terminate on December 9, 2010. In accordance with the Declaration of Trust by which ACTIVEnergy is governed, market purchases pursuant to its normal course issuer bid may be effected by the Fund.
The Fund had 19,070,761 units issued and outstanding as at December 2, 2009. ACTIVEnergy may, during the 12 month period commencing December 10, 2009 purchase on the TSX up to 1,903,134 units, being 10% of the public float of 19,031,344 units and may not, in any 30 day period, purchase more than 381,415 units, being 2% of the units issued and outstanding. ACTIVEnergy will hold in treasury for resale all units purchased pursuant to the bid. As at December 2, 2009 ACTIVEnergy has purchased 256,200 units at an average price of $5.99 per unit under its previously approved normal course issuer bid. ACTIVEnergy believes that its units represent good value for the Fund and purchases under the normal course issuer bid may serve to enhance returns to unitholders.
ACTIVEnergy trades on the Toronto Stock Exchange under the symbol "AEU.UN".
SOURCE ACTIVEnergy Income Fund
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