Results of the Energy Income Fund Special Meeting of Unitholders and Next Steps

ENI.UN

TORONTO, Aug. 7, 2012 /CNW/ - Crown Hill Capital Corporation, the manager and trustee (the "Manager") of Energy Income Fund (the "Fund") announces that unitholders (the "Unitholders") of the Fund at a special meeting of Unitholders held on August 7, 2012 approved an extraordinary resolution, as set out in Appendix "A" to the management information circular of the Fund dated July 4, 2012 authorizing amendments to the amended and restated declaration of trust of the Fund amended and restated as of October 4, 2010 (the "Declaration of Trust") including amendments which provide for a special redemption on a date to be set from time to time (a "Special Redemption Date") at 100% of the net asset value per unit ("Unit") of the Fund on the Special Redemption Date less redemption costs which include a fee per Unit of 5% of the net asset value per Unit on the Special Redemption Date plus any applicable  taxes (the "Special Redemption Price").

The Special Redemption Date is set for August 16, 2012.  The Special Redemption on such date will be unlimited. The Manager will issue a press release setting out the net asset value per Unit at the close of business on the Special Redemption Date and the Special Redemption Price. The Special Redemption Price is expected to be paid on August 22, 2012.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information.

SOURCE: Energy Income Fund

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