Crown Hill Capital Corporation Announces Merger of CGF Resource 2008
Flow-Through Limited Partnership and Energy Plus Income Trust with
Sustainable Production Energy Trust
TORONTO, Oct. 4 /CNW/ - Crown Hill Capital Corporation, the administrative agent (the "Administrative Agent") for CGF Resource 2008 Flow-Through Limited Partnership ("CGF"), Energy Plus Income Trust (TSX: EPF.UN) ("Energy", CGF and Energy the "Merging Funds") and Sustainable Production Energy Trust (TSX: SPU.UN) ("Sustainable") announced the completion of the merger of the Merging Funds with Sustainable (the "Merger").
The effective date of the Merger is October 4, 2010 (the "Effective Date"). Effective immediately, the merged fund is known as Energy Income Fund (the "Continuing Fund"). It began trading on the Toronto Stock Exchange under the symbol ENI.UN on the Effective Date.
Unitholders will receive units of the Continuing Fund based on the following exchange ratios:
per unit of CGF: 3.0177 units of the Continuing Fund per unit of Energy: 1.2818 units of the Continuing Fund per unit of Sustainable: 1.0000 unit of the Continuing Fund
Fractional units will not be issued and entitlements will be rounded to the nearest whole unit. Unitholders who elected to redeem their units will receive payment on October 8, 2010.
The per unit redemption prices for the Merging Funds and Sustainable are as follows:
CGF $17.65 Energy $ 7.50 Sustainable $ 5.85
or $5.85 per unit of the Continuing Fund.
Certain statements contained in this press release may include forward-looking information with respect to the Continuing 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 Continuing Fund at www.sedar.com.
%SEDAR: 00021226E
For further information: please contact Citadel Funds at 1-877-261-9674 or visit our website www.citadelfunds.com
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