Energy Income Fund Announces Warrant Offering
26 Septembre 2011 - 3:53PM
PR Newswire (Canada)
TORONTO, Sept. 27, 2011 /CNW/ - Energy Income Fund (the "Fund") is
pleased to announce that it has filed the final short form
prospectus relating to its warrant offering. Each Unitholder of
record on October 7, 2011 will receive one new warrant (a
"Warrant") for each unit held. Each Warrant will entitle the
Unitholder to purchase a new unit upon payment of the subscription
price of $5.00 (which is 95% of the closing price of the units on
the TSX on September 22, 2011). Warrants may be exercised at any
time before the earlier of i) March 1, 2012 or ii) such date which
is 20 Business Days from the date the embedded call feature in the
Warrants is exercised by the Fund in accordance with the terms of
the Warrant offering. A copy of the final Warrant offering
prospectus has been filed on SEDAR at www.sedar.com. The exercise
of Warrants by warrantholders (the "Warrantholders") will provide
the Fund with additional capital that can be used to take advantage
of attractive investment opportunities and is also expected to
increase the trading liquidity of the Fund's units and reduce the
management expense ratio of the Fund. Warrantholders will have the
opportunity to potentially acquire units at a price lower than the
trading price in the marketplace. Units of the Fund trade on the
Toronto Stock Exchange (the "TSX") under the symbol "ENI.UN". The
Warrants have been conditionally approved for listing on the TSX.
It is expected the Warrants will commence trading on October 11,
2011 under the symbol ENI.WT. The Warrants are not qualified for
distribution in the United States of America. For further
details please consult the final prospectus or your investment
advisor. Commissions, trailing commissions, management fees
and expenses all may be associated with investment funds. Please
read the fund's publicly filed documents which are available from
SEDAR at www.sedar.com. Investment funds are not guaranteed, their
values change frequently and past performance may not be repeated.
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. Energy Income Fund CONTACT: please
call our bilingual Investor Relations line at
toll-free1.877.261.9674 or 416.361.9673 or visit our website at
www.crownhill.ca
Copyright
Energy Income (TSX:ENI.UN)
Graphique Historique de l'Action
De Déc 2024 à Jan 2025
Energy Income (TSX:ENI.UN)
Graphique Historique de l'Action
De Jan 2024 à Jan 2025