NAV & Portfolio as of October 16, 2014


Security Number of Shares Closing Price per Share($) Amount ($) Weighting (%)
AltaGas Ltd. 88,396 44.93 3,971,632 7.21
BCE Inc. 70,414 47.18 3,322,133 6.03
Bell Aliant Inc. 0 0.00 0 0.00
Canadian Utilities Limited (A) 11,611 38.85 451,087 0.82
Canadian Utilities Limited (B) 70,009 38.85 2,719,850 4.94
Capital Power 149,501 26.31 3,933,371 7.14
Emera Inc. 90,312 34.99 3,160,017 5.74
Enbridge Inc. 70,435 50.75 3,574,576 6.49
Fortis Inc. 95,094 34.45 3,275,988 5.95
Gibson Energy Inc. 125,884 30.83 3,881,004 7.05
Inter Pipeline Fund 139,525 33.90 4,729,898 8.59
Keyera Corp. 54,445 88.32 4,808,582 8.73
Manitoba 102,848 28.10 2,890,029 5.25
Northland Power Inc. 173,086 15.88 2,748,606 4.99
Pembina Pipelines Corporation 102,318 44.82 4,585,893 8.33
Rogers Communications Inc. Cl. B 67,100 41.70 2,798,070 5.08
TELUS Corporation 92,042 37.97 3,494,835 6.35
TransAlta Corporation 222,117 10.95 2,432,181 4.42
TransCanada Corporation 68,094 52.46 3,572,211 6.49
Veresen Inc. 242,149 16.62 4,024,516 7.31
Other Net Assets     -9,308,171 -16.90
Total     55,066,308 100.00

Units Outstanding 2,072,277
NAV per unit $26.57