NAV & Portfolio as of December 01, 2016


Security Number of Shares Closing Price per Share($) Amount ($) Weighting (%)
AltaGas Ltd. 78,705 32.45 2,553,977 5.39
BCE Inc. 62,695 57.05 3,576,750 7.54
Canadian Utilities Limited (A) 10,340 35.33 365,312 0.77
Canadian Utilities Limited (B) 62,334 35.12 2,189,170 4.62
Capital Power 133,112 23.48 3,125,470 6.59
Emera Inc. 80,412 44.58 3,584,767 7.56
Enbridge Inc. 62,715 55.20 3,461,868 7.30
Fortis Inc. 84,671 40.19 3,402,927 7.18
Gibson Energy Inc. 112,080 18.76 2,102,621 4.43
Inter Pipeline Fund 124,227 27.43 3,407,547 7.19
Keyera Corp. 96,957 38.25 3,708,605 7.82
Manitoba Telecom Services Inc. 91,576 37.11 3,398,385 7.17
Northland Power Inc. 154,109 21.61 3,330,295 7.02
Pembina Pipelines Corporation 91,100 39.45 3,593,895 7.58
Rogers Communications Inc. Cl. B 59,745 50.64 3,025,487 6.38
TELUS Corporation 81,952 41.60 3,409,203 7.19
TransAlta Corporation 197,772 7.23 1,429,892 3.02
TransCanada Corporation 60,628 58.88 3,569,777 7.53
Veresen Inc. 215,602 11.90 2,565,664 5.41
Other Net Assets     -8,390,466 -17.70
Total     47,411,146 100.00

Units Outstanding 1,844,975
NAV per unit $25.70