Canoe EIT Income Fund Announces 2020 Annual Voluntary Redemption Results
November 19 2020 - 4:30PM
Canoe EIT Income Fund (“Canoe” or the “Fund”), (TSX:EIT.UN) today
announced the results of the 2020 voluntary cash redemption.
Requests for redemption of approximately 68,863 units of the
Fund, representing approximately 0.06% 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 on which to submit
units for redemption, which was November 17, 2020. Payment of the
redemption proceeds will be made on or before January 4,
2021 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 9, 2020, less direct costs. Units that
have been submitted for redemption will remain eligible for the
November 2020 distribution, which is paid in December 2020.
About Canoe EIT Income FundOne 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 Portfolio Manager of
Canoe Financial.
About Canoe FinancialCanoe is one of Canada’s
fastest growing independent mutual fund companies managing over
$8.8 billion in assets across a diversified range of award-winning
mutual funds and private energy equity products. Founded in 2008,
Canoe Financial LP is an employee-owned investment management firm
focused on building financial wealth for Canadians. Canoe has
offices in Calgary, Toronto and Montreal.
Further Information
Investor
Relations1–877–434–2796www.canoefinancial.cominfo@canoefinancial.com
Disclaimer
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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