Energy Plus Income Trust

Energy Plus Income Trust

March 23, 2007 09:30 ET

Energy Plus Income Trust Closes Rights Offering

CALGARY, ALBERTA--(CCNMatthews - March 23, 2007) - N.A. Energy Management Inc. is pleased to announce the closing of the rights offering for Energy Plus Income Trust ("Trust") (TSX:EPF.UN). Each unitholder of record on February 26, 2007 received one right for each trust unit held. Three rights entitled the holder to purchase one trust unit for a price of $7.00 until 4:00pm (local time) on March 22, 2007.

The rights offering resulted in the issuance of 2,280,519 trust units for gross proceeds of $16.0 million. The reason for this offering is to provide the Trust with additional capital that can be used to capitalize on certain attractive investment opportunities that the Trust's Investment Manager foresees arising.

Contact Information

  • Energy Plus Income Trust
    Joe MacDonald
    Executive Vice President, Sales and Marketing