NAV & Portfolio as of February 15, 2018


Security Number of Shares Closing Price per Share($) Amount ($) Weighting (%)
AltaGas Ltd. 79,492 26.10 2,074,741 4.95
BCE Inc. 87,631 55.57 4,869,655 11.63
Canadian Utilities Limited (A) 14,633 34.43 503,814 1.20
Canadian Utilities Limited (B) 57,709 34.55 1,993,846 4.76
Capital Power 130,946 22.89 2,997,354 7.16
Emera Inc. 78,578 40.36 3,171,408 7.57
Enbridge Inc. 61,760 43.23 2,669,885 6.37
Fortis Inc. 82,806 40.56 3,358,611 8.02
Gibson Energy Inc. 114,312 16.70 1,909,010 4.56
Inter Pipeline Fund 122,341 22.91 2,802,832 6.69
Keyera Corp. 94,887 32.84 3,116,089 7.44
Northland Power Inc. 150,863 21.75 3,281,270 7.83
Pembina Pipelines Corporation 145,112 40.70 5,906,058 14.10
Rogers Communications Inc. Cl. B 58,559 58.10 3,402,278 8.12
TELUS Corporation 80,350 45.20 3,631,820 8.67
TransAlta Corporation 209,471 6.51 1,363,656 3.26
TransCanada Corporation 59,300 56.33 3,340,369 7.97
Other Net Assets     -8,504,256 -20.30
Total     41,888,442 100.00

Units Outstanding 1,688,898
NAV per unit $24.80