Energy Income Fund Offers Redemption Opportunity for Unitholders
Opportunity for Unitholders to Redeem Units
Energy Income Fund (TSX – ENI.UN) is excited to announce a significant opportunity for unitholders. The Fund will allow its investors to redeem a maximum of 233,879 units in an annual redemption process. This presents a valuable chance for investors who are looking to adjust their holdings.
Details of the Redemption Process
The designated date for the annual redemption is set for November 28. Unitholders will be able to redeem their units at a net asset value which excludes necessary redemption costs of 5% per unit. This cost reduction is outlined in the Fund's declaration of trust and is readily available for review through the Fund’s official resources.
How to Participate in the Redemption
To ensure participation in this redemption, unitholders need to submit a redemption notice to their broker. It is crucial that this notice be delivered to the Fund’s transfer agent by 5:00 p.m. on October 31. Unitholders should consult with their brokers to clarify any uncertainties related to the notice process.
Distribution Rights of the Redeemed Units
It’s important to note that units submitted for redemption will still be eligible to receive the distribution intended for October 2024. This distribution is scheduled to be disbursed on November 15.
What to Expect After Redemption
Following the redemption date, the Fund will publicly announce the annual redemption price approximately on December 6. Unitholders expecting redemption proceeds can anticipate these payments to be processed by December 20.
Contact Information for Investors
If you have any questions or require further details, you are encouraged to reach out to Artemis Investment Management Limited, the management body behind the Fund. You can call them at (647) 494-0338 or email at info@artemisfunds.ca for assistance.
Frequently Asked Questions
What is the total number of units available for redemption?
The Fund will allow the redemption of up to 233,879 units.
When will the redemption occur?
The annual redemption is scheduled for November 28.
What should I do if I want to redeem my units?
You must submit a redemption notice to your broker well before October 31 to ensure timely processing.
Will I still receive distributions on redeemed units?
Yes, redeemed units will still qualify for the distribution scheduled for November 15.
Who can I contact for more information?
You can reach out to Artemis Investment Management Limited at (647) 494-0338 or email info@artemisfunds.ca for any inquiries.
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