Energy Income Fund Announces Special Meeting of Unitholders to Vote on Amendments to Declaration of Trust


TORONTO, July 18, 2012 /CNW/ - Crown Hill Capital Corporation, the manager and trustee of Energy Income Fund (the "Fund"), announces that they have called a special meeting of holders (the "Unitholders") of units of the Fund (the "Units") for August 7, 2012 at 9:00 a.m. (Toronto time) (the "Meeting").

The purpose of the Meeting is to consider and, if thought appropriate, approve amendments to the amended and restated declaration of trust of the Fund amended and restated as of October 4, 2010 (the "Declaration of Trust") including to:

    a) provide the right for Unitholders to voluntarily elect to receive an unlimited cash redemption of their Units at 100% of the net asset value per Unit less retraction costs including a fee per Unit of 5% of the net asset value per Unit plus applicable taxes;
    b) implement a series of minority unitholder protections including a requirement that ordinary and extraordinary resolutions require affirmative votes of 50% and 66 2/3% of Beneficial Holders (as such term is defined in the Declaration of Trust) respectively other than Beneficial Holders who are "Interested Parties" as defined in the resolution attached as Appendix "A" to the management information circular of the Fund dated July 4, 2012 (the ''Circular'');
    c) amend the provisions relating to the termination and replacement of the manager of the Fund; and
    d) make a number of other amendments to the Declaration of Trust,

all as further described in the resolution attached as Appendix "A" to the Circular and in the form of amendment to the Declaration of Trust attached thereto as Schedule 1.

The record date for the meeting was July 3, 2012.  The Circular was mailed to all Unitholders of record on July 17, 2012 and is also available for review on the System for Electronic Document Analysis and Retrieval (SEDAR).  Unitholders are encouraged to refer to the Circular for further information about the Meeting and the matters to be voted upon.

Beneficial holders of Units should contact their financial advisors with respect to instructions on how to vote at the Meeting.

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 contact the Investor Relations department at 416.361.9673 or toll-free at 1.877.261.9674.

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Energy Income Fund

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