T. Boone Pickens Energy Fund has completed an issuance of an additional 50,000 Class A Combined Units as part the over-allotment option granted to the fund’s agents in its recently completed domestic initial public offering.

Altogether, the fund has raised gross proceeds of over $28.1 million under its offerings of Class A Combined Units, Class F Combined Units and Class U Combined Units, and related private placement of Class I Combined Units.

The fund is also announcing the separation of its Combined Units of each class into units of the class and warrants to purchase units of the class. The Class A Units and the Class A Warrants are listed on the Toronto Stock Exchange under the symbols TBP.UN and TBP.WT, respectively.

The fund has been created to provide investors with the opportunity for long-term capital growth by providing access to the energy-related investment strategies of TBP Investments Management LLC. The TMP and its management team are led by U.S. energy investor T. Boone Pickens.

The fund will seek to achieve its investment objective by investing the net proceeds of the offerings in an actively-managed portfolio consisting primarily of equity and commodity-related investments within the energy and energy-related sectors.

The public offering was made through a syndicate of investment dealers led by BMO Capital Markets and including CIBC, RBC Capital Markets, TD Securities Inc., Blackmont Capital Inc., Canaccord Financial Ltd., Desjardins Securities Inc., Dundee Securities Corp., HSBC Securities (Canada) Inc., Raymond James Ltd., GMP Securities L.P., Manulife Securities Incorporated, Wellington West Capital Markets Inc. and Research Capital Corp.

IE