Purpose Investments Inc.

Purpose Investments Inc.
Energy Credit Opportunities Income Fund

July 16, 2015 17:00 ET

Energy Credit Opportunities Income Fund Receives Approval for Normal Course Issuer Bid

TORONTO, ONTARIO--(Marketwired - July 16, 2015) - Energy Credit Opportunities Income Fund (the "Fund") has received approval for a normal course issuer bid to purchase up to 306,000 Class A units ("Class A Units") and 52,995 Class U units ("Class U Units", and together with the Class A Units, "Units") of the Fund, representing approximately 10% of the public float of 3,060,000 Class A Units and 529,950 Class U Units, respectively. The Fund may purchase up to 61,200 Class A Units and 10,599 Class U Units in any 30 day period which is 2% of the 3,060,000 issued and outstanding Class A Units and 2% of the 529,950 issued and outstanding Class U Units, respectively, as at July 14, 2015.

The Units may be purchased for cancellation from July 21, 2015 to July 20, 2016 through the facilities of the Toronto Stock Exchange or Canadian alternative trading systems and may only be purchased at a price per Unit not exceeding the last published net asset value per Unit. Purpose Investments Inc., the Manager of the Fund, believes that such purchases are in the best interest of the Fund and are a desirable use of its available funds.

Purpose Investments Inc. is a Canadian asset management firm committed to enabling all investors to have access to great investment products at reasonable fees. The Class A Units and Class U Units of the Fund are listed for trading on the Toronto Stock Exchange under the symbols PCF.UN and PCF.U, respectively.

Contact Information