TORONTO, April 14 /CNW/ - Uranium Focused Energy Fund (the "Fund")
announced today its intention to make a normal course issuer bid for its units
through the facilities of the Toronto Stock Exchange (the "TSX"). This normal
course issuer bid will commence on April 16, 2009 and will terminate on April
15, 2010. In accordance with the Declaration of Trust by which the Fund is
governed, market purchases pursuant to its normal course issuer bid may be
effected by the Fund.
The Fund had 17,078,046 units issued and outstanding as at April 6, 2009.
Uranium may, during the 12 month period commencing April 16, 2009 purchase on
the TSX up to 1,683,147 units, being 10% of the public float of 16,831,474
units and may not, in any 30 day period, purchase more than 341,560 units,
being 2% of the units issued and outstanding. Uranium will hold in treasury
for resale all units purchased pursuant to the bid. As at April 6, 2009
Uranium had purchased 450,300 units at an average price of $2.60 per unit
under its previously approved normal course issuer bid. Uranium believes that
its units represent good value for the Fund and purchases under the normal
course issuer bid may serve to enhance returns to unitholders.
The units of Uranium Focused Energy Fund trade on the Toronto Stock
Exchange under the symbol "UF.UN".
For further information:
For further information: visit our website at www.middlefield.com or
contact the undersigned: Nancy Tham, Senior Vice President, (416) 847-5349