ACTIVEnergy Income Fund invests in a diversified
portfolio of dividend paying energy companies operating in Canada and the U.S.
To provide further diversification, the Fund also invests in oil and gas
exploration and development companies as well as oil sands common stocks.
Assisted by the research of our Special Advisor,
Groppe, Long and Littell of Houston, Texas, we remain very positive on the oil
and gas sector and continue to hold the view that global oil and North American
natural gas production has peaked. The Fund maintains an exposure to oil and
gas companies that possess high quality assets, attractive yields, low payout
ratios, modest levels of third party debt, proven management teams and the
ability to build value through internal operations.