The Energy Income Fund has closed the private placement, issuing 699,397 units
January 26, 2024 at 01:45 pm
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TORONTO, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Artemis Investment Management Limited (“Artemis”), the trustee and manager of Energy Income Fund (TSX – ENI.UN) (the “Fund”), is pleased to announce the closure of the private placement (the “Private Placement”) effective January 26, 2024. Units issued pursuant to the Private Placement issued at a price of $1.68, which reflects the Fund’s net asset value per unit of $1.68 on January 18, 2024. The Fund has raised $1,174,986.96 through the issuance of 699,397 units (the “Units”).
All the Units of the Fund issued pursuant to the Private Placement will be subject to a four-month hold period from the date of closing of the Private Placement.
For further information, please contact Artemis Investment Management’s investor relations line at (416) 934-7455 or visit our website at www.artemisfunds.ca.
Energy Income Fund (the Fund) is a Canada-based closed-end investment fund. The Fundâs investment objectives are to provide the unitholders with monthly cash distributions and to achieve a total return on the portfolio that is greater than the total return provided by the benchmark index, as selected by the Manager from time to time. The benchmark index is the S&P/TSX Capped Energy Trust Index. The Fund invests its assets in the portfolio without reference to any specific issuer or security, among several asset classes including oil and gas securities, energy securities, other resource securities, and cash and short-term investments. Vestcap Investment Management Inc. is the portfolio advisor of the Fund. Artemis Investment Management Limited is the investment fund manager of the Fund.