NAV & Portfolio as of April 19, 2018


Security Number of Shares Closing Price per Share($) Amount ($) Weighting (%)
AltaGas Ltd. 79,492 25.41 2,019,892 4.74
BCE Inc. 87,631 53.08 4,651,453 10.92
Canadian Utilities Limited (A) 66,542 35.00 2,328,970 5.47
Canadian Utilities Limited (B) 5,800 34.75 201,550 0.47
Capital Power 130,946 24.34 3,187,226 7.49
Emera Inc. 78,578 40.57 3,187,909 7.49
Enbridge Inc. 61,760 40.49 2,500,662 5.87
Fortis Inc. 82,806 42.53 3,521,739 8.27
Gibson Energy Inc. 114,312 17.02 1,945,590 4.57
Inter Pipeline Fund 122,341 23.92 2,926,397 6.87
Keyera Corp. 94,887 35.86 3,402,648 7.99
Northland Power Inc. 150,863 23.01 3,471,358 8.15
Pembina Pipelines Corporation 145,112 41.53 6,026,501 14.15
Rogers Communications Inc. Cl. B 58,559 57.95 3,393,494 7.97
TELUS Corporation 80,350 44.75 3,595,662 8.44
TransAlta Corporation 209,471 6.84 1,432,782 3.36
TransCanada Corporation 59,300 55.24 3,275,732 7.69
Other Net Assets     -8,489,922 -19.94
Total     42,579,644 100.00

Units Outstanding 1,688,898
NAV per unit $25.21