T. Boone Pickens Energy Fund files final prospectus


TORONTO, Dec. 17 /CNW/ - T. Boone Pickens Energy Fund (the "Fund") is pleased to announce that it has filed and received a receipt for its final prospectus from the securities regulatory authority in each province and territory of Canada.

The Fund has been created to provide investors with the opportunity for long-term capital growth by providing access to the energy-related investment strategies of TBP Investments Management LLC (the "Portfolio Manager"). The Portfolio Manager and its management team are led by Mr. T. Boone Pickens. The Fund will seek to achieve its investment objective by investing the net proceeds of the offerings in an actively-managed portfolio consisting primarily of equity and commodity-related investments within the energy and energy-related sectors.

In the Fund's initial public offering, investors may purchase either Class A Combined Units or Class F Combined Units at a price of $10.00 per Combined Unit of the class, or Class U Combined Units at a price of U.S.$10.00 per Class U Combined Unit. Each Combined Unit consists of one transferable, redeemable Unit of the class and one transferable Warrant for one Unit of the class. The Fund's initial public offering of Combined Units is expected to close on January 15, 2010. The maximum offering size is $200,000,000.

The Toronto Stock Exchange has conditionally approved the listing of the Class A Combined Units under the symbol TBP.A, the Class A Units under the symbol TBP.UN and the Class A Warrants under the symbol TBP.WT. The Class A Combined Units are scheduled to commence trading on the day of closing. The Units and Warrants making up the Combined Units will separate immediately following the earlier of the closing of the final exercise of the over-allotment option granted by the Fund to its agents in respect of the Class A Combined Units or 30 days after the closing of the initial public offering and may be transferred separately thereafter.

The offerings are being made through a syndicate of investment dealers led by BMO Capital Markets and including CIBC, RBC Capital Markets, TD Securities Inc., Blackmont Capital Inc., Canaccord Financial Ltd., Desjardins Securities Inc., Dundee Securities Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., GMP Securities L.P., Manulife Securities Incorporated, Wellington West Capital Markets Inc. and Research Capital Corporation.

For further information, please visit the Fund's website at www.bmocm.com/bmosp under "Closed-End Funds".

About BMO Capital Markets

BMO Capital Markets is a leading full-service North American financial services provider, with over 2,400 employees operating in 14 North American offices and 27 worldwide, offering corporate, institutional and government clients access to a complete range of investment and corporate banking products and services. BMO Capital Markets is a member of BMO Financial Group (NYSE, TSX: BMO), one of the largest diversified financial services providers in North America with US$385 billion in total assets and 37,000 employees as at July 31, 2009.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities of the Fund offered have not been registered under the U.S. Securities Act of 1933 (the "1933 Act"), or any state securities laws and may not be offered or sold in the United States or to a U.S. person absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws.

The offerings are only being made by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from BMO Capital Markets, Distribution Department, 1 First Canadian Place, B2 Level, Toronto, Ontario, M5X 1H3 (telephone: 416-363-6996, ext. 224). Investors should read the prospectus before making an investment decision.

SOURCE T. Boone Pickens Energy Fund

For further information: For further information: BMO Capital Markets: Kim Hanson, (416) 867-3996, kim.hanson@bmo.com

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