Energy Income Fund Reports Earnings Results for the Half Year Ended June 30, 2023
August 29, 2023
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Energy Income Fund reported earnings results for the half year ended June 30, 2023. For the half year, the company reported negative revenue was CAD 0.104201 million compared to revenue of CAD 0.016095 million a year ago. Net loss was CAD 0.233455 million compared to CAD 0.160682 million a year ago.
Basic loss per share from continuing operations was CAD 0.09 compared to CAD 0.06 a year ago.
Energy Income Fund (the Fund) is a Canada-based closed-end investment fund. The Fundâs investment objectives are to provide the unitholders with monthly cash distributions and to achieve a total return on the portfolio that is greater than the total return provided by the benchmark index, as selected by the Manager from time to time. The benchmark index is the S&P/TSX Capped Energy Trust Index. The Fund invests its assets in the portfolio without reference to any specific issuer or security, among several asset classes including oil and gas securities, energy securities, other resource securities, and cash and short-term investments. Vestcap Investment Management Inc. is the portfolio advisor of the Fund. Artemis Investment Management Limited is the investment fund manager of the Fund.