NAV & Portfolio as of March 23, 2017


Security Number of Shares Closing Price per Share($) Amount ($) Weighting (%)
AltaGas Ltd. 78,705 30.82 2,425,688 4.79
BCE Inc. 62,695 58.89 3,692,109 7.29
Canadian Utilities Limited (A) 10,340 38.67 399,848 0.79
Canadian Utilities Limited (B) 62,334 38.71 2,412,949 4.76
Capital Power 133,112 26.05 3,467,568 6.84
Emera Inc. 80,412 46.98 3,777,756 7.46
Enbridge Inc. 62,715 54.54 3,420,476 6.75
Fortis Inc. 84,671 43.53 3,685,729 7.27
Gibson Energy Inc. 112,080 19.28 2,160,902 4.27
Inter Pipeline Fund 124,227 28.13 3,494,506 6.90
Keyera Corp. 96,957 38.42 3,725,088 7.35
Manitoba Telecom Services Inc. 91,576 39.53 3,619,999 7.15
Northland Power Inc. 154,109 24.68 3,803,410 7.51
Pembina Pipelines Corporation 91,100 42.53 3,874,483 7.65
Rogers Communications Inc. Cl. B 59,745 56.75 3,390,529 6.69
TELUS Corporation 81,952 43.00 3,523,936 6.96
TransAlta Corporation 197,772 7.43 1,469,446 2.90
TransCanada Corporation 60,628 61.76 3,744,385 7.39
Veresen Inc. 215,602 13.88 2,992,556 5.91
Other Net Assets     -8,417,706 -16.61
Total     50,663,656 100.00

Units Outstanding 1,844,975
NAV per unit $27.46