Canoe EIT Income Fund Announces Voluntary Redemption Results for FY2022, Canadian Business Journal

CALGARY, Alberta, November 21, 2022 (GLOBE NEWSWIRE) — The Canoe EIT Income Fund (“Canoe” or the “Fund”) (TSX:EIT.UN) today announced the results of its 2022 Voluntary Cash Redemption. Announced.

Approximately 70,540 units of the Fund have been redeemed by Shareholders, representing approximately 0.05% of the current outstanding and unpaid units. The Fund’s Declaration of Trust limits annual redemptions to his 10% of outstanding units with the last date to submit units for redemption, which was November 18, 2022. Redemption proceeds will be paid out by January 4th. , at a redemption price equal to 95% of the average net asset value based on the three business days prior to the December 9, 2022 redemption date, net of direct costs. Units submitted for redemption are eligible for November 2022 distributions to be paid in December 2022.

About Canoe EIT Income Fund
The Canoe 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. I’m here. The fund is listed on his TSX under the symbols EIT.UN, EIT.PR.A, and EIT.PR.B and was actively invested by Canoe Financial Senior Vice President and Chief Investment Officer Robert Taylor. is managed by

About Kanoe Financial
Canoe Financial is one of Canada’s fastest growing independent mutual funds with $12 billion in assets under management across a range of award-winning investment solutions. Founded in 2008, Canoe Financial is an employee-owned investment management company focused on building financial wealth for Canadians. Canoe Financial has a significant presence across Canada, including offices in Calgary, Toronto and Montreal.

For more information, please contact:
PR for investors
1–877–434–2796
www.canoefinancial.com
[email protected]

It is not intended for distribution to the US Newswire service or for distribution in the United States.

The Fund makes monthly distributions in amounts that constitute all or part of its Return on Equity (ROC) of Net Asset Value per Unit. ROC may reduce the original investment amount and return the full amount of the original investment amount. ROC that is not reinvested can reduce the Fund’s net asset value and reduce the Fund’s ability to generate future income. No conclusions about the Fund’s investment performance should be drawn from this distribution amount. Commissions, subsequent commissions, administrative fees and expenses may all be associated with the Investment Fund. PLEASE READ THE FUND INFORMATION AT www.sedar.com BEFORE INVESTING. Investment funds are not guaranteed and past performance may not be repeated. This communication should not be construed as a public offering of stock or a solicitation to purchase securities. Such offers can only be made by way of a prospectus or other applicable offer document and should be read carefully before making any investment. This release is for informational purposes only. Investors should consult their investment advisors for details and risk factors regarding specific strategies and various investment products.

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