An anonymous director reports
ENERGY INCOME FUND UPDATES PRICING OF PROPOSED PRIVATE PLACEMENT AND DATE OF SPECIAL MEETING
Artemis Investment Management Ltd., the trustee and manager of Energy Income Fund, has updated the pricing of the previously announced private placement. Units issued pursuant to the private placement will be issued at a price of $1.68, which reflects the fund's net asset value per unit of $1.68 on Jan. 18, 2024. As revised, Artemis proposes to raise $1,174,986 through the placement of 699,397 units.
The private placement is subject to approval of the Toronto Stock Exchange, and 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 issuance.
The fund also announces that it, along with Artemis, has moved the date of the previously announced proposed special meeting to March 4, 2024.
Notice of the special meeting and information circular will be provided to unitholders during February, 2024.
We seek Safe Harbor.
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