NAV & Portfolio as of August 10, 2017


Security Number of Shares Closing Price per Share($) Amount ($) Weighting (%)
AltaGas Ltd. 76,361 28.03 2,140,399 4.64
BCE Inc. 86,111 58.77 5,060,743 10.96
Canadian Utilities Limited (A) 12,343 38.98 481,130 1.04
Canadian Utilities Limited (B) 57,709 39.00 2,250,651 4.87
Capital Power 127,369 25.38 3,232,625 7.00
Emera Inc. 76,729 46.70 3,583,244 7.76
Enbridge Inc. 60,036 50.85 3,052,831 6.61
Fortis Inc. 80,848 45.95 3,714,966 8.05
Gibson Energy Inc. 109,347 16.03 1,752,832 3.80
Inter Pipeline Fund 118,842 23.84 2,833,193 6.14
Keyera Corp. 92,559 37.05 3,429,311 7.43
Northland Power Inc. 147,014 23.22 3,413,665 7.39
Pembina Pipelines Corporation 86,881 40.57 3,524,762 7.63
Rogers Communications Inc. Cl. B 57,190 64.20 3,671,598 7.95
TELUS Corporation 78,371 45.55 3,569,799 7.73
TransAlta Corporation 197,603 8.02 1,584,776 3.43
TransCanada Corporation 57,857 62.55 3,618,955 7.84
Veresen Inc. 207,331 17.61 3,651,099 7.91
Other Net Assets     -8,395,271 -18.18
Total     46,171,309 100.00

Units Outstanding 1,688,898
NAV per unit $27.34