CALGARY, AB, Oct. 8, 2024 (GLOBE NEWSWIRE) — The Canoe EIT Revenue Fund (“Canoe” or the “Fund”) (TSX – EIT.UN) today announces its 2024 Voluntary Cash Redemption I did.
Optional annual cash redemption
The redemption date for the Fund’s annual discretionary cash redemption is December 6, 2024. Unitholders are entitled to redeem units of the Fund at a price equal to 95% of the average net asset value (NAV) of the three business days preceding December. Redemption date is 6, 2024, direct costs are deductible. Direct costs are expected to be less than 1%. If on November 15, 2024, the last day to submit units for redemption, all redemption requests exceed 10% of the Fund’s total outstanding units, the Fund will pro rata share the Fund’s total outstanding units. will process redemptions up to this maximum value. Units bid. Payment for units tendered and accepted for redemption is due by December 31, 2024.
Unitholders who wish to redeem their units must notify their investment advisor or broker by November 15, 2024. Please note that investment companies may impose earlier deadlines to facilitate the processing of redemption requests. Unitholders are strongly encouraged to consult their investment advisor or broker directly to confirm internal deadlines. Registered unitholders (those who hold physical stock certificates in their name) may call the Fund’s transfer agent, Alliance Trust Company, at 1-877-537-6111 to redeem their investment units. you need to contact. Units requested for redemption will continue to be subject to distributions in October 2024 and November 2024, payable in November 2024 and December 2024, respectively.
Please note that redemption requests by non-resident unitholders may be subject to withholding tax.
important dates
From October 8, 2024 to November 15, 2024 Unitholders may bid units for redemption on December 3, 4, and 5, 2024 The redemption price will be the average NAV of these trading days. December 6, 2024 Redemption Date December 31, 2024 Redemption proceeds will be paid by this date
About Canoo EIT Income Fund
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 am. 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 Canu Financial.
About Canoe Financial
Canoe Financial is one of Canada’s fastest growing independent mutual fund companies, managing approximately $18 billion in assets across a diverse 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, with offices in Calgary, Toronto and Montreal.
contact
Investor information
1–877–434–2796
info@canoefinancial.com
It is not intended for distribution to US Newswire Services or for dissemination within the United States.
The Fund will distribute monthly an amount that constitutes all or a portion of the return on capital (ROC) of the net asset value per unit. ROC may reduce your original investment amount and result in a full refund of your original investment amount. ROC that is not reinvested may reduce the Fund’s net asset value and reduce the Fund’s ability to generate future income. No conclusions should be drawn about the Fund’s investment performance from the amount of this distribution. Commissions, trailing charges, management fees and expenses may all be associated with investment funds. Please read the information about the Fund at www.sedar.com before investing. Investment funds are not guaranteed and past performance cannot be repeated. This communication shall not be construed as a public offer to sell or a solicitation of an offer to buy any securities. Such offers can only be made by means of a prospectus or other applicable offering document, so please read it carefully before making an investment. This release is for informational purposes only. Investors should consult their investment advisor for further information and risk factors regarding specific strategies and various investment products.
