An anonymous director reports

ENERGY INCOME FUND ANNOUNCES APPROVAL OF EXTRAORDINARY RESOLUTION AT SPECIAL MEETING OF UNITHOLDERS

At the special meeting of the unitholders of Energy Income Fund held today, the unitholders approved an extraordinary resolution authorizing amendments to the fund's declaration of trust to implement changes to the fund's investment strategy, investment objectives and fees payable to Artemis Investment Management Ltd. as manager of the fund (as described more fully in the fund's information circular dated Feb. 12, 2024, and the fund's previous news release dated Oct. 12, 2023).

In alignment with the updated investment strategy and objectives, the manager intends to assume the investment management role for the fund in the near future. However, until further notice, Vestcap Investment Management Inc. will continue to serve as the investment manager for the fund during the transitional phase under the existing investment management agreement. The fees payable to the manager will be as per the revised declaration of trust. During the transition, the investment management fee to Vestcap will be borne by the manager.

We seek Safe Harbor.