Canoe EIT Income Fund Announces 2024 Annual Voluntary Redemption Results
25 November 2024 - 11:00PM
Canoe EIT Income Fund (“Canoe” or the “Fund”), (TSX:EIT.UN) today
announced the results of the 2024 voluntary cash redemption.
Requests for redemption of 31,135 units of the Fund,
representing approximately 0.02% of the current issued and
outstanding units, have been submitted by unitholders. The Fund’s
Declaration of Trust limits the annual redemption to 10% of the
issued and outstanding units on the final day to submit units for
redemption, which was November 15, 2024. Payment of the redemption
proceeds will be made on or before December 31, 2024 at a
redemption price equal to 95% of the average net asset value based
on the three business days preceding the redemption date of
December 6, 2024, less direct costs. Units that have been submitted
for redemption will remain eligible for the November 2024
distribution, which is paid in December 2024.
About Canoe EIT Income
FundCanoe EIT Income Fund is one of Canada’s largest
closed-end investment funds, designed to maximize monthly
distributions and capital appreciation by investing in a broadly
diversified portfolio of high quality securities. The Fund is
listed on the TSX under the symbol EIT.UN, and is actively managed
by Robert Taylor, Senior Vice President and Chief Investment
Officer, Canoe Financial.
About Canoe Financial Canoe
Financial is one of Canada’s fastest growing independent mutual
fund companies managing over $18.0 billion in assets across a
diversified range of award-winning investment solutions. Founded in
2008, Canoe Financial is an employee-owned investment management
firm focused on building financial wealth for Canadians. Canoe
Financial has a significant presence across Canada, including
offices in Calgary, Toronto and Montreal.
For further information, please
contact:Investor
Relations1–877–434–2796www.canoefinancial.cominfo@canoefinancial.com
Not for Distribution to U.S. Newswire
Services or for Dissemination in the United States of
America.
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. 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.
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