Energy Income Fund Announces Monthly Distributions for 2014
January 22 2014 - 5:15PM
Marketwired
Energy Income Fund Announces Monthly Distributions for 2014
TORONTO, ONTARIO--(Marketwired - Jan 22, 2014) - Energy Income
Fund (TSX:ENI.UN) (the "Fund") announces that distributions from
the Fund in 2014 will be reduced to $0.01 per unit per month.
Unitholders of record on the last day of each month of 2014 will
continue to be paid distributions on the 15th day (or first
business day thereafter) of the ensuing month.
The monthly distributions have been set in light of the ongoing
performance of the Fund's investments. The manager believes that
the new distribution will more closely align the Fund's
distributable income with its payout rate and be sustainable over
the long term.
The Fund reviews its distribution policy annually and sets its
policy based on a number of factors including the amount of
distributable income, taxability of distributable net capital gains
and net income, withholding taxes on foreign investments, timing of
income with regard to distributions as well as the investment
objectives, strategy and restrictions of the Fund.
Participants in the Fund's dividend reinvestment plan will
continue to receive their distributions in units, with no changes
in the basis of calculation.
The following distributions per unit will be declared payable on
each distribution payment date to unitholders of record on the
applicable distribution record date as indicated below:
Record Date |
Payment Date |
Amount ($CAD) |
|
|
|
January 31, 2014 |
February 18, 2014 |
$0.01 |
February 28, 2014 |
March
17, 2014 |
$0.01 |
March
31, 2014 |
April
15, 2014 |
$0.01 |
April
30, 2014 |
May
15, 2014 |
$0.01 |
May
31, 2014 |
June
16, 2014 |
$0.01 |
June
30, 2014 |
July
15, 2014 |
$0.01 |
July
31, 2014 |
August 15, 2014 |
$0.01 |
August 31, 2014 |
September 15, 2014 |
$0.01 |
September 30, 2014 |
October 15, 2014 |
$0.01 |
October 31, 2014 |
November 17, 2014 |
$0.01 |
November 30, 2014 |
December 15, 2014 |
$0.01 |
December 31, 2014 |
January 15, 2015 |
$0.01 |
For further information, please contact your financial advisor,
call Artemis Investment Management Limited's investor relations
line at (647) 477-4885 or visit our website at
www.artemisfunds.ca.
Artemis Investment Management LimitedInvestor Relations(647)
477-4885www.artemisfunds.ca
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