Creststreet Capital Corp. has filed a preliminary prospectus for the proposed initial public offering of Creststreet enHanced Income Energy Fund. The trust will invest in the energy sector.

The advisor of the trust is Creststreet Investment Management Ltd.

The trust is targeting an initial annual yield of 6% on the original subscription price of the units through monthly distributions of 5¢ per unit for the period ending May 2007, or 50¢ per year.

The trust expects to initially allocate 85% of its holdings to energy- related income trusts, and 15% to common shares of Canadian and American issuers operating in the energy sector.

It may engage in short selling of securities up to a maximum of 20% of the net asset value of the trust at any time.

Investors may acquire units of the trust with cash or by exchanging securities of 57 specified Canadian income trusts as outlined in the preliminary prospectus. Units of the trust will be eligible as Canadian property for RRSPs, DPSPs, RRIFs and RESPs.

Creststreet Investment is a whollyowned subsidiary of Creststreet Capital. Creststreet specializes in structuring and managing energy-related investments for Canadian and international institutional and high net worth investors.

The offering is being made through a syndicate of investment dealers co-led by CIBC World Markets Inc. and Scotia Capital Inc., which includes BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., National Bank Financial Inc., TD Securities Inc., Canaccord Capital Corp., HSBC Securities (Canada) Inc., Blackmont Capital Inc., Desjardins Securities Inc., Raymond James Ltd., Wellington West Capital Inc., GMP Securities L.P., Peters & Co. Ltd. and Tristone Capital Inc.