BMO Nesbitt Burns Inc., the administrator of the T. Boone Pickens Energy Fund, said Monday that it has decided to wind-up the fund by March 15.

Nesbitt Burns has decided that given the current size of the fund, and the related expenses, it is in the best economic interests of the unitholders for the fund to be wound up.

Prior to the date that the fund will be wound up, Nesbitt Burns will convert the portfolio to cash. Upon the wind-up date, all property remaining after paying or providing for all liabilities and obligations of the fund will be distributed among the unitholders based on the net asset value (NAV) per unit of the class held by the unitholders.