TORONTO, Nov. 15, 2012 /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, 2012 to permit the Trust to purchase up to 644,585 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 are accretive to holders of Units. Under the normal course issuer bid, the Trust may purchase up to 644,585 Units, representing approximately 10% of the public float of 6,445,848 Units. The number of Units issued and outstanding as at November 12, 2012 is also 6,445,848. Additionally, the Trust may not purchase more than 128,917 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, 2013. Units purchased will be cancelled. The number of units purchased under the normal course issuer bid from November 21, 2011 to November 12, 2012 was 752,700 units with a weighted average price paid per unit of $4.87.
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
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