Canoe EIT Income Fund Announces Monthly and Quarterly Distributions
Canoe EIT Income Fund New Monthly Distribution Announcement
CALGARY, Alberta - Canoe EIT Income Fund (the “Fund”) (TSX - EIT.UN) is pleased to announce its latest monthly distribution for August 2025, set at $0.10 per unit. This exciting news highlights the Fund's ongoing commitment to delivering value to its unitholders. Additionally, for those invested in our preferred units, there is also a quarterly distribution of $0.30 per unit for holders of Cumulative Redeemable Series 1 (EIT.PR.A) and Series 2 Preferred (EIT.PR.B). The official record date is August 22, 2025, with distributions payable on September 15, 2025.
About the Fund and Its Mission
Established as one of Canada’s largest closed-end investment funds, Canoe EIT Income Fund focuses on maximizing monthly distributions and encouraging capital appreciation. This is achieved through efforts to invest in a diverse range of high-quality securities that provide reliable income streams. All operations are overseen by Robert Taylor, the Senior Vice President and Chief Investment Officer at Canoe Financial. Under his guidance, the Fund adheres to its mission of benefiting investors with robust financial growth.
Canoe Financial: A Growing Investment Management Firm
Canoe Financial stands out as one of Canada’s fastest-growing independent mutual fund companies, proudly managing over $20 billion in assets. The firm was founded in 2008 and has since been committed to offering award-winning investment solutions to foster wealth among Canadian investors. Canoe Financial emphasizes an employee-owned structure, promoting a vested interest in the financial prosperity of its clients. The firm has established a significant presence in various major cities across Canada, enhancing its reach and influence in the investment sector.
Commitment to Investor Relations
For those seeking additional information or wishing to inquire more about our offerings, Canoe Financial rests firmly on its commitment to investor relations. Interested parties can reach out via our dedicated Investor Relations line at 1–877–434–2796 or by visiting our website. We also welcome any queries through email, ensuring that all investors are supported throughout their investment journey.
Understanding Return of Capital in Distributions
It’s essential to comprehend how distribution payments are structured. The Fund often makes monthly distributions that can include a Return of Capital (ROC), impacting the net asset value per unit. Investors should note that while ROC provides immediate financial benefits, it does affect the original investment amount. Understanding these dynamics is vital for informed investment decisions.
Addressing Investment Risks
Investors should be aware of the potential risks associated with investment funds. These include commissions, trailing commissions, management fees, and other expenses. Before investing, it is recommended to review comprehensive information about the fund filed publicly. Past performance is not indicative of future results, and thus a careful evaluation is necessary for all prospective investors. Consulting with an investment advisor can provide deeper insights into specific strategies and how they align with individual financial goals.
Frequently Asked Questions
What is the August 2025 monthly distribution rate for the Fund?
The Fund has announced a monthly distribution rate of $0.10 per unit for August 2025.
How much will preferred unit holders receive in quarterly distributions?
Holders of Cumulative Redeemable Series 1 and Series 2 Preferred units will receive $0.30 per unit in quarterly distributions.
What dates should unitholders be aware of regarding distributions?
Unitholders of record on August 22, 2025, will receive their distributions on September 15, 2025.
Who manages the Canoe EIT Income Fund?
The Fund is actively managed by Robert Taylor, who serves as the Senior Vice President and Chief Investment Officer at Canoe Financial.
Where can investors find more information about Canoe Financial?
Investors can reach out via the Investor Relations line at 1–877–434–2796 or visit the Canoe Financial website for more details.
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