An anonymous director reports

ENERGY INCOME FUND ANNOUNCES ANNUAL REDEMPTION OF UP TO 233,879 UNITS

Energy Income Fund unitholders will have the opportunity to redeem up to 233,879 units of the fund.

The annual redemption date has been set for Nov. 28, 2024. Units will be redeemed for an amount per unit equal to the net asset value less redemption costs equal to 5 per cent of the net asset value per unit (as contemplated in the fund's declaration of trust, which is available on the fund's SEDAR+ profile). If requests for redemptions exceed 233,879 units, units will be redeemed on a pro rata basis.

To redeem their units, holders must deliver a redemption notice to their broker sufficiently in advance to ensure that such notice is then delivered to the fund's transfer agent by no later than 5 p.m. Toronto time on Oct. 31, 2024. Unitholders wishing to participate in the redemption should contact their brokers if they have any questions about how to provide a redemption notice.

Units tendered for this redemption will be entitled to receive the October, 2024, distribution, which, as previously announced, will be paid on Nov. 15, 2024.

On or about Dec. 6, 2024, the fund will announce the annual redemption price, and the fund expects to pay the redemption proceeds to redeeming unitholders on or before Dec. 20, 2024.