Energy Income Fund Announces Special Meeting of Unitholders to Vote on Amendments to Declaration of Trust
July 14 2012 - 8:19PM
PR Newswire (Canada)
TSX: ENI.UN TORONTO, July 18, 2012 /CNW/ - Crown Hill Capital
Corporation, the manager and trustee of Energy Income Fund (the
"Fund"), announces that they have called a special meeting of
holders (the "Unitholders") of units of the Fund (the "Units") for
August 7, 2012 at 9:00 a.m. (Toronto time) (the "Meeting"). The
purpose of the Meeting is to consider and, if thought appropriate,
approve 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 to: a) provide the right for
Unitholders to voluntarily elect to receive an unlimited cash
redemption of their Units at 100% of the net asset value per Unit
less retraction costs including a fee per Unit of 5% of the net
asset value per Unit plus applicable taxes; b) implement a series
of minority unitholder protections including a requirement that
ordinary and extraordinary resolutions require affirmative votes of
50% and 66 2/3% of Beneficial Holders (as such term is defined in
the Declaration of Trust) respectively other than Beneficial
Holders who are "Interested Parties" as defined in the resolution
attached as Appendix "A" to the management information circular of
the Fund dated July 4, 2012 (the ''Circular''); c) amend the
provisions relating to the termination and replacement of the
manager of the Fund; and d) make a number of other amendments to
the Declaration of Trust, all as further described in the
resolution attached as Appendix "A" to the Circular and in the form
of amendment to the Declaration of Trust attached thereto as
Schedule 1. The record date for the meeting was July 3, 2012.
The Circular was mailed to all Unitholders of record on July 17,
2012 and is also available for review on the System for Electronic
Document Analysis and Retrieval (SEDAR). Unitholders are
encouraged to refer to the Circular for further information about
the Meeting and the matters to be voted upon. Beneficial holders of
Units should contact their financial advisors with respect to
instructions on how to vote at the Meeting. 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 contact the
Investor Relations department at 416.361.9673ortoll-free at
1.877.261.9674.
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