Energy Income Fund Declares Normal Course Issuer Bid


TORONTO, Nov. 17, 2011 /CNW/ - Crown Hill Capital Corporation, the Manager (the "Manager") of Energy Income Fund (the "Trust"), announced today that the Trust will renew its normal course issuer bid effective November 21, 2011 to permit the Trust to purchase up to 637,040 of the outstanding Trust Units ("Units") on the TSX from time to time.  The Trust may purchase Units in the market for cancellation if the Manager determines that such purchases provide liquidity to Unitholders.  Under the normal course issuer bid, the Trust may purchase up to 637,040 Units, representing approximately 10% of the public float of 6,370,399 Units.  The issued and outstanding as at November 16, 2011 is 6,390,399.  The issued and outstanding units exceed the public float by 20,000 units because of units held by insiders.  Additionally, the Trust may not purchase more than 127,808 Units in any 30 day period, representing 2% of the issued and outstanding Units.  These purchases will be made in accordance with applicable regulations over a maximum period ending November 20, 2012.  Units purchased will be cancelled.  The number of units purchased under the normal course issuer bid from November 1, 2010 to October 31, 2011 was 719,500 units with a weighted average price paid per unit of $5.99.

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:

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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