Canoe EIT Income Fund Reveals Upcoming Monthly Distribution
Canoe EIT Income Fund Announces Monthly Distribution for September
CALGARY, Alberta, September 2024 – Canoe EIT Income Fund (TSX: EIT.UN) is pleased to announce a monthly distribution of $0.10 per unit for September 2024. Unitholders recorded as of September 20, 2024, will receive the distribution on October 15, 2024.
Understanding the Canoe EIT Income Fund
The Canoe EIT Income Fund stands as one of Canada’s preeminent closed-end investment funds. Its primary mission is to bolster monthly distributions and capital appreciation by strategically investing in a diverse range of high-quality securities. This initiative is managed under the expertise of Robert Taylor, the Senior Vice President and Chief Investment Officer at Canoe Financial, with an aim to navigate market complexities and maximize potential returns for its investors.
About Canoe Financial
Canoe Financial has emerged as one of the fastest-growing independent mutual fund companies in Canada. Managing around $17.5 billion in assets, the firm provides a varied selection of acclaimed investment solutions that cater to the nuanced financial needs of Canadians. Established in 2008, Canoe Financial operates as an employee-owned investment management firm, dedicated to fostering financial growth for its clients.
Investment Strategy and Goals
The investment strategy of the Canoe EIT Income Fund revolves around maintaining a balanced portfolio that aims to produce stable and consistent returns. The Fund is committed to providing unitholders with reliable monthly distributions while focusing on the long-term appreciation of their investments.
Fund Distribution Insights
The monthly distributions from the Fund consist partly of a Return of Capital (ROC), which may impact the original investment amount. Investors should be aware that while this distribution strategy can yield immediate income, it may influence the net asset value of the Fund. Therefore, these distributions should not be used alone to gauge the investment performance.
Contact Information for Inquiries
For further inquiries, please contact Investor Relations at 1–877–434–2796 or reach out via email at info@canoefinancial.com. More information is also available on the official website: www.canoefinancial.com.
Frequently Asked Questions
What is the distribution amount for September 2024?
The Canoe EIT Income Fund has announced a distribution of $0.10 per unit for September 2024.
Who is eligible to receive the September distribution?
Unitholders on record as of September 20, 2024, will receive the distribution payable on October 15, 2024.
What investment strategy does Canoe EIT Income Fund follow?
Canoe EIT Income Fund focuses on maximizing monthly distributions and long-term capital appreciation through a diversified portfolio.
How long has Canoe Financial been operating?
Canoe Financial was founded in 2008 and has since grown to manage around $17.5 billion in assets.
How can I get more information about the fund?
For more details, please contact Investor Relations at 1–877–434–2796 or visit www.canoefinancial.com.
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