Canadian Utilities & Telecom Income Fund

Canadian Utilities & Telecom Income Fund

October 17, 2014 11:47 ET

Canadian Utilities & Telecom Income Fund Announces Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwired - Oct. 17, 2014) - Canadian Utilities & Telecom Income Fund (TSX:UTE.UN) (the "Fund") has filed a Notice of Intention to make a normal course issuer bid to purchase up to 358,791 Units representing approximately 10% of the Fund's public float of 3,587,910 Units as of September 30, 2014. The Fund may purchase up to 71,800 Units in any 30-day period which is 2% of the 3,590,002 Units issued and outstanding as at September 30, 2014.

The Units may be purchased for cancellation from October 22, 2014 to October 21, 2015 through the facilities of the TSX or other eligible alternative market and may only be purchased at a price per Unit not exceeding the last published net asset value per Unit. The Directors of the manager of the Fund believe that such purchases are in the best interest of the Fund and are a desirable use of its available funds. The Fund has not purchased any Units during the previous year pursuant to any issuer bid.

David Roode, President, Fund Services

Contact Information

  • Strathbridge Asset Management Inc.
    Investor Relations
    416.681.3966 or Toll Free: 1.800.725.7172