Details on Energy Income Fund's Annual Redemption
Energy Income Fund (TSX – ENI.UN) has exciting news for its investors regarding the upcoming annual redemption of units. This year, the Fund will redeem a total of 281,167 units at a price of $2.3119 each. It's a great opportunity for unitholders looking to manage their investments effectively.
Understanding the Redemption Rate
The pro-rata redemption rate for this annual event is set at 35.38%. What does this mean for you? For every 1,000 units you submit for redemption, 354 units will be successfully redeemed. This rate provides a fair approach given the volume of units being processed.
Timelines for Redemption Payments
Timeliness is key in investment management. Energy Income Fund anticipates that the redemption proceeds will be paid out to unitholders by December 18, 2025. It’s essential for investors to keep this date in mind as they make decisions about their portfolios.
How to Get More Information
If you have questions or need more detailed information about this redemption process, it's encouraged to consult your financial advisor. Additionally, you can reach out to Artemis Investment Management’s Investor Relations at (647) 494-0338. If you prefer to email, feel free to contact info@artemisfunds.ca, or visit their official website to find more resources.
Frequently Asked Questions
What is the redemption price for the units?
The redemption price per unit is set at $2.3119.
What is the pro-rata redemption rate?
The pro-rata redemption rate is 35.38%, meaning that for every 1,000 units submitted, 354 will be redeemed.
When will the redemption payments be made?
Redemption payments are expected to be made on or before December 18, 2025.
What should I do if I have questions?
Your best option is to consult a financial advisor or contact Artemis Investment Management directly.
Which stock ticker is associated with Energy Income Fund?
The stock ticker for Energy Income Fund is TSX: ENI.UN.