Energy Income Fund Declares Normal Course Issuer Bid
ENI.UN
TORONTO, Oct. 18 /CNW/ - Crown Hill Capital Corporation, the Manager (the "Manager") of Energy Income Fund (the "Trust"), announced today that the Trust has entered into a normal course issuer bid which begins on November 1, 2010 to permit the Trust to purchase up to 707,940 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 707,940 Units, representing approximately 10% of the public float of 7,079,408 Units. The issued and outstanding as at October 18, 2010 is also 7,079,408. Additionally, the Trust may not purchase more than 141,588 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 October 31, 2011. Units purchased will be cancelled.
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For further information: Crown Hill Capital Corporation, Tel: (416) 361-9673 or visit our website at www.citadelfunds.com
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