CALGARY, Dec. 10, 2012 /CNW/ - ACTIVEnergy Income 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 December 12, 2012 and will terminate on December
11, 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 15,746,175 units issued and outstanding as at December 4,
2012. The Fund may, during the 12 month period commencing December 12,
2012 purchase on the TSX up to 1,574,106 units, being 10% of the public
float and may not, in any 30 day period, purchase more than 314,923
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 4, 2012 the Fund had purchased 116,100 units at an
average price of $7.39 per unit under its previously approved normal
course issuer bid. ACTIVEnergy is implementing the NCIB to allow it to
purchase units if and when it makes sense to do so.
ACTIVEnergy trades on the Toronto Stock Exchange under the symbol
SOURCE: ACTIVEnergy Income Fund
For further information:
For further information visit our website at www.middlefield.com or contact the undersigned:
Managing Director, Sales & Marketing