NAV & Portfolio as of February 16, 2017


Security Number of Shares Closing Price per Share($) Amount ($) Weighting (%)
AltaGas Ltd. 78,705 31.21 2,456,383 4.85
BCE Inc. 62,695 58.60 3,673,927 7.26
Canadian Utilities Limited (A) 10,340 36.38 376,169 0.74
Canadian Utilities Limited (B) 62,334 36.37 2,267,088 4.48
Capital Power 133,112 25.14 3,346,436 6.61
Emera Inc. 80,412 45.41 3,651,509 7.21
Enbridge Inc. 62,715 55.43 3,476,292 6.87
Fortis Inc. 84,671 42.91 3,633,233 7.18
Gibson Energy Inc. 112,080 18.71 2,097,017 4.14
Inter Pipeline Fund 124,227 29.07 3,611,279 7.13
Keyera Corp. 96,957 41.20 3,994,628 7.89
Manitoba Telecom Services Inc. 91,576 39.43 3,610,842 7.13
Northland Power Inc. 154,109 24.46 3,769,506 7.45
Pembina Pipelines Corporation 91,100 42.68 3,888,148 7.68
Rogers Communications Inc. Cl. B 59,745 57.09 3,410,842 6.74
TELUS Corporation 81,952 43.37 3,554,258 7.02
TransAlta Corporation 197,772 7.43 1,469,446 2.90
TransCanada Corporation 60,628 62.22 3,772,274 7.45
Veresen Inc. 215,602 14.00 3,018,428 5.96
Other Net Assets     -8,451,763 -16.69
Total     50,625,941 100.00

Units Outstanding 1,844,975
NAV per unit $27.44