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


Canoe EIT Income Fund ("Canoe" or the "Fund") (TSX:EIT.UN) announces the July
2014 distribution of $0.10 per unit. The distribution will be paid on August 15,
2014 to unitholders of record on July 22, 2014. The ex-distribution date for
this distribution is July 18, 2014.


About the Distribution

The Fund's objective is to maximize monthly distributions relative to risk and
maximize net asset value, while maintaining and expanding a diversified
investment portfolio.


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 is one of Canada's fastest-growing mutual fund companies and as at June
30, 2014, manages approximately $2.7 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. In addition, any statement regarding future
performance, strategies, prospects, action or plans is also a forward-looking
statement. Market predictions and forward-looking statements are subject to
known and unknown risks and uncertainties and other factors that may cause
actual results, performance, events, activity and achievements to differ
materially from those expressed or implied by such 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.


The Fund makes monthly distributions of an amount comprised in whole or in part
of Return of Capital (ROC) of the net asset value per unit. A ROC reduces the
amount of your original investment and may result in the return to you of the
entire amount of your original investment. ROC that is not reinvested will
reduce the net asset value of the fund, which could reduce the fund's ability to
generate future income. You should not draw any conclusions about the fund's
investment performance from the amount of this distribution.


Commissions, trailing commissions, management fees and expenses all may be
associated with investment funds. Please read the information filed about the
fund on www.sedar.com before investing. The indicated rates of return are the
historical and annual compounded total returns including changes in unit value
and reinvestment of all distributions and do not take into account sales,
redemption, distribution, or optional charges or income taxes payable by any
security holder that would have reduced returns. Investment funds are not
guaranteed and past performance may not be repeated.


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

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