Last updated on April 23, 2014 at 11:40 EDT

Update regarding the wind-up of the T. Boone Pickens Energy Fund

March 1, 2013

TORONTO, March 1, 2013 /CNW/ – As previously announced on January 28,
2013, BMO Nesbitt Burns Inc., the administrator of the T. Boone Pickens
Energy Fund (the “Fund”), has decided to wind-up the Fund on or about
March 15, 2013 in accordance with the terms of the declaration of trust
governing the Fund.

Prior to the termination date, the administrator will convert the
portfolio to cash and all property remaining after paying or providing
for all liabilities and obligations of the Fund will be distributed
rateably among unitholders based on the net asset value (NAV) per unit
of the class held by unitholders as of the termination date.
Unitholders will receive the NAV per unit of each of the Class A Units,
Class F Units, Class I Units and Class U Units, respectively, held by
them. The Class A Units, the Fund’s only class of units listed on a
stock exchange, will be delisted from the Toronto Stock Exchange on or
about March 15, 2013. Payment of amounts on termination will be made on or about March 20,

SOURCE T. Boone Pickens Energy Fund

Source: PR Newswire