TORONTO, Feb. 14, 2012 /CNW/ - Crown Hill Capital Corporation ("Crown Hill"), the manager and trustee of Energy Income Fund (the "Fund") announced today that up to 1,000,000 (one million) units of the Fund ("Units") may be redeemed on March 20, 2012 for an amount per Unit equal to the transactional net asset value per Unit as of March 15, 2012.
Beneficial holders of Units must submit their request to redeem Units by no later than March 14, 2012. The redemption will take place pursuant to the procedures of CDS Clearing and Depository Services Inc. Beneficial holders of Units should contact their broker with any questions regarding how to provide their request for redemption.
In the event that the requests for redemptions exceed 1,000,000 (one million) Units, Units will be redeemed on a pro rata basis.
The transactional net asset value is the net asset value of the Fund calculated using the bid price for the portfolio. Crown Hill believes that the transactional net asset value of the Fund is not materially different than the reported net asset value of the Fund.
Certain statements contained in this press release may include forward-looking information with respect to the Fund's operations and future financial results. Such statements are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. Further information can be found in the disclosure documents filed by the Fund at www.sedar.com.
For further information:
please contact the Investor Relations department at 416.361.9673 or toll-free at 1.877.261.9674.