Update regarding the wind-up of the T. Boone Pickens Energy Fund

TORONTO, March 1, 2013 /CNW/ - As previously announced on January 28, 2013, BMO Nesbitt Burns Inc., the administrator of the T. Boone Pickens Energy Fund (the "Fund"), has decided to wind-up the Fund on or about March 15, 2013 in accordance with the terms of the declaration of trust governing the Fund.

Prior to the termination date, the administrator will convert the portfolio to cash and all property remaining after paying or providing for all liabilities and obligations of the Fund will be distributed rateably among unitholders based on the net asset value (NAV) per unit of the class held by unitholders as of the termination date. Unitholders will receive the NAV per unit of each of the Class A Units, Class F Units, Class I Units and Class U Units, respectively, held by them. The Class A Units, the Fund's only class of units listed on a stock exchange, will be delisted from the Toronto Stock Exchange on or about March 15, 2013. Payment of amounts on termination will be made on or about March 20, 2013.

SOURCE: T. Boone Pickens Energy Fund

For further information:

please visit the Fund's website at www.bmocm.com/bmosp under "Closed-End Funds" or contact Investor Relations at 1-866-864-7760.

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