CALGARY, Alberta, Dec. 11 2024 (GLOBE NEWSWIRE) — Canoe EIT Income Fund (“Canoe” or the “Fund”) (Toronto Stock Exchange: EIT.UN) today announced that units accepted for voluntary cash redemption in 2024 will be redeemed at a price of $15.17 per unit (rounded) in Canadian dollars. This price corresponds to 95% of the average net asset value per unit, established based on the three business days preceding the redemption date, December 6, 2024, less direct costs. The redemption proceeds will be paid around December 31, 2024.
About Canoe EIT Income Fund
The Canoe EIT Income Fund is one of the largest closed-end investment funds in Canada; it aims to maximize monthly distributions and capital appreciation by investing in a broadly diversified portfolio of high quality securities. Listed on the Toronto Stock Exchange under the symbol EIT.UN, the fund is actively managed by Robert Taylor, Senior Vice President and Portfolio Manager of Canoe Financial.
About Canoe Financial
Canoe Financial is one of Canada’s fastest growing mutual fund companies, managing $19.0 billion in assets across a diverse range of award-winning mutual funds and investment products. energy sector private equity. Founded in 2008, Canoe Financial is an employee-owned investment management company specializing in building financial wealth for Canadians. From its headquarters in Calgary, Canoe has expanded its operations across Canada, with offices in Toronto and Montreal.
For further information, please contact:
Investor Relations
1-877-434-2796
www.canoefinancial.com
[email protected]
This press release is not for distribution to United States wire services or for dissemination in the United States.
The fund pays monthly distributions in an amount consisting in part or in full of the return of capital of the net asset value per unit. Repayment of capital reduces the amount of the original investment and may result in the repayment of the entire amount of your initial investment. A return of capital not reinvested reduces the net asset value of the fund, which reduces the fund’s ability to produce income in the future. You should not draw conclusions about the performance of the fund based on the amount of this distribution. Investment funds may be subject to commissions, trailing commissions, management fees and other charges. Please read the fund information presented on www.sedar.com before investing. Investment funds are not guaranteed and their past performance is not indicative of their future performance. This communication cannot be interpreted as a public offering for the sale of securities, or as a solicitation in the context of an offer to purchase securities. Any such offer may only be made by means of a prospectus or other applicable offering document; these documents should be read carefully before making an investment. This communication is provided for information purposes only. Investors should consult their investment advisor for information and risk factors regarding specific strategies and various investment products.
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