EIT.UN Canoe EIT Income Fund

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA. 


Canoe EIT Income Fund (formerly EnerVest Diversified Income Trust) (the "Fund")
(TSX:EIT.UN) announces that it has filed a preliminary prospectus for an
offering (the "Offering") of warrants (the "Warrants") to unitholders of the
Fund. Subject to the Fund obtaining necessary regulatory and TSX approvals,
unitholders will receive Warrants on the basis of one Warrant for each whole
unit (a "Unit") held on the record date, which will be determined upon the
filing of the final prospectus. Note that this is a different ratio than in
previous warrant offerings completed by the Fund. 


Four Warrants will entitle the holder to subscribe for one whole Unit upon
payment of the subscription price which will be the lesser of (i) $12.40, which
is 102% of the most recent closing price per Unit on the TSX prior to the date
of the preliminary prospectus and (ii) 102% of the most recent closing price per
Unit on the TSX prior to the date of the final prospectus. Subject to more
specific terms outlined in the prospectus, the exercise period of the Warrants
will be subject to a call option such that if exercised by the Fund, the new
expiry date will be 20 business days from the date of the press release
announcing that the call option is being exercised by the Fund.


The Fund has applied to list the Warrants distributed under the prospectus, and
the Units issuable upon the exercise thereof, on the TSX. Once the Warrants
begin trading, Warrant holders will have the opportunity to buy or sell their
Warrants, which will trade independently of the existing Canoe EIT Income Fund
Units.


The Warrants are not qualified for distribution in the United States of America.
For further details please consult the prospectus and your investment advisor. A
copy of the preliminary prospectus has been filed on SEDAR at www.sedar.com.
Full details about this Offering will be available on our website at
www.canoefinancial.com.


About the Fund

The Fund is one of Canada's largest, diversified closed-end investment funds and
is listed on the TSX under the symbol EIT.UN. The Fund is actively managed and
invests in a diversified portfolio of income-generating and capital
growth-oriented securities listed primarily on the TSX. The Fund is designed to
maximize distributions and net asset value for the benefit of its unitholders.
The Fund is managed by Robert Taylor, Senior Vice President and Portfolio
Manager of Canoe Financial.


About Canoe Financial LP

Canoe Financial is an investment management firm focused on building financial
wealth for Canadians through investing in Canada. Its 'GO CANADA!(R)' investment
thesis reflects Canoe's strategic confidence in Canada as a place to invest.
With continued global urbanization, increasing worldwide demand for resources,
and Canada's sound fiscal structure, Canoe believes this country provides
long-term growth potential for investors.


Canoe Financial is one of Canada's fastest-growing mutual fund companies and as
at March 31, 2014, manages approximately $2.3 billion in assets through its
investment products. To learn more about Canoe Financial, visit
www.canoefinancial.com.


(R) GO CANADA! is a registered trade-mark of Canoe Financial LP. 

Forward Looking Statement: Certain statements included in this news release
constitute forward looking statements which reflect Canoe Financial's current
expectations regarding future results or events. Words such as "may," "will,"
"should," "could," "anticipate," "believe," "expect," "intend," "plan,"
"potential," "continue" and similar expressions have been used to identify these
forward-looking statements. Forward-looking statements involve significant risks
and uncertainties and a number of factors could cause actual results to
materially differ from expectations discussed in the forward looking statements
including, but not limited to, changes in general economic and market conditions
and other risk factors. Although the forward-looking statements are based on
what Canoe Financial believes to be reasonable assumptions, we cannot assure
that actual results will be consistent with these forward-looking statements.
Investors should not place undue reliance on forward-looking statements. These
forward-looking statements are made as of the current date and we assume no
obligation to update or revise them to reflect new events or circumstances.


This communication is not to be construed as a public offering to sell, or a
solicitation of an offer to buy securities. Such an offer can only be made by
way of a prospectus or other applicable offering document and should be read
carefully before making any investment. This release is for information purposes
only. Investors should consult their Investment Advisor for details and risk
factors regarding specific strategies and various investment products.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canoe Financial LP
Investor Relations
1-877-434-2796
info@canoefinancial.com
www.canoefinancial.com

Canoe EIT Income (TSX:EIT.UN)
Historical Stock Chart
Von Apr 2024 bis Mai 2024

Canoe EIT Income (TSX:EIT.UN)
Historical Stock Chart
Von Mai 2023 bis Mai 2024