Canoe EIT Income Fund Declares October Distribution Update
CALGARY, Alberta, October 2024 — Canoe EIT Income Fund (the "Fund") (TSX - EIT.UN) is excited to announce a monthly distribution of $0.10 per unit for October 2024. This distribution will be available to unitholders of record on October 22, 2024, and will be payable on November 15, 2024.
About Canoe EIT Income Fund
Canoe EIT Income Fund stands out as one of Canada’s largest closed-end investment funds, focusing on maximizing monthly distributions along with capital appreciation. The Fund achieves this by investing in a broad and diverse portfolio of high-quality securities. Its premium listings on the TSX under the ticker EIT.UN provide investors with easy access to their compelling investment opportunities.
Fund Management and Investment Strategy
The Fund is actively managed by Robert Taylor, who holds the position of Senior Vice President and Chief Investment Officer at Canoe Financial. Under his leadership, the Fund employs a disciplined investment approach that seeks to leverage market opportunities while maintaining a balanced risk profile, aimed at preserving and growing investors' capital.
Insight into Canoe Financial
Founded in 2008, Canoe Financial has quickly emerged as one of Canada’s most dynamic independent mutual fund companies, currently managing nearly $18.0 billion in assets. The firm’s extensive range of award-winning investment solutions reflects its dedication to creating financial wealth for Canadians. Canoe Financial operates with a strong employee-owned structure, ensuring that the interests of their clients are always at the forefront.
Commitment to Canadians
Canoe Financial has established a significant presence across Canada, with offices in major cities, including Calgary, Toronto, and Montreal. Their commitment goes beyond just managing funds; they strive to provide transparent communication and build long-term relationships with their clients.
Investment Considerations
It's important to note that the Fund’s monthly distributions may contain a Return of Capital (ROC), which can effectively reduce the original amount of your investment. This highlights the need for investors to thoroughly understand their investment strategies and consider consulting with their financial advisors. The amount of ROC, if not reinvested, could diminish the Fund's net asset value and its capacity to generate future income.
Further Information
Investors interested in more details are encouraged to reach out to Canoe Financial's Investor Relations department. They can be contacted at 1–877–434–2796 or through their website at www.canoefinancial.com. Additionally, for any inquiries, investors can email info@canoefinancial.com for dedicated support from their expert team.
Frequently Asked Questions
What is the distribution amount for October 2024?
The Canoe EIT Income Fund is declaring a distribution amount of $0.10 per unit for October 2024.
When will the distributions be paid?
The distributions will be payable on November 15, 2024, to unitholders of record on October 22, 2024.
Who manages the Canoe EIT Income Fund?
The Fund is managed by Robert Taylor, the Senior Vice President and Chief Investment Officer at Canoe Financial.
What is the focus of Canoe EIT Income Fund?
The Fund focuses on maximizing monthly distributions and capital appreciation through a diversified portfolio of high-quality securities.
How can investors get more information about the Fund?
Investors can contact Investor Relations at Canoe Financial at 1–877–434–2796 or visit their website. Emails can also be directed to info@canoefinancial.com.
