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ACTIVEnergy Income Fund: Initial Public Offering.

Publication: Business Wire
Publication Date: 24-SEP-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TORONTO -- Middlefield, on behalf of ACTIVEnergy Income Fund, is pleased to announce that has filed a preliminary prospectus in relation to the initial public offering of units of the Fund.

The objectives of ACTIVEnergy are to pay monthly distributions to unitholders; to return at least the original subscription price to unitholders upon termination of the Fund on June 30, 2015; and to enhance long-term total return through capital appreciation of the Fund's investment portfolio. The initial target distribution yield set by the Fund is 12% per annum based upon...

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