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Published on May 6, 2024 • 2 minutes reading time
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CALGARY, Alberta, May 6, 2024 (GLOBE NEWSWIRE) — Canoe EIT Income Fund (the “Fund”) (TSX – EIT.UN) announces monthly distribution of $0.10 per unit in May 2024. In addition, the fund announces a quarterly distribution for preferred shares. Holders of Cumulative Redeemable Series 1 (EIT.PR.A) and Series 2 Preferred (EIT.PR.B) Shares will receive a distribution of $0.30 per Share. Distributions will be paid on June 14, 2024 to shareholders of record as of May 23, 2024. The ex-distribution date for distributions is May 22, 2024.
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About Canoe EIT Income Fund
The Canoe EIT Income Fund is one of Canada’s largest closed-end mutual 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 of Canoe Financial.
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About Canoe Financial
Canoe Financial is one of Canada’s fastest-growing independent mutual fund companies, managing $15.9 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 Relations
1-877-434-2796
www.canoefinancial.com
[email protected]
Not intended for distribution to US newswire services or for distribution in the United States of America.
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The Fund will make monthly distributions in an amount consisting in whole or in part of the return on capital employed (ROC) of the Net Asset Value per Share. An ROC reduces the amount of your original investment and may result in you getting back the entire amount of your original investment. ROC that is not reinvested will reduce the Fund’s net asset value, which could affect the Fund’s ability to generate future income. No conclusions should be drawn about the investment success of the fund from the amount of this distribution.
There may be commissions, trailing commissions, management fees and costs associated with mutual funds. Please read the fund information on www.sedar.com before investing. Mutual funds are not guaranteed and past performance cannot be repeated.
This communication should not be construed as a public offer to sell or a solicitation of an offer to buy any securities. Any such offering can only be made by means of a prospectus or other applicable offering document and should be read carefully before investing. This publication is for informational purposes only. Investors should consult their investment advisor for details and risk factors regarding specific strategies and various investment products.
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