Canoe EIT Income Fund Reports Monthly Distribution Details
January 2025 Distribution Announcement
Canoe EIT Income Fund (TSX - EIT.UN) has announced a monthly distribution of $0.10 per unit for January 2025. This distribution is designed to reward unitholders, with payments scheduled for February 14, ensuring investors benefit from regular income flow.
Understanding Monthly Distributions
Monthly distributions play a key role in investment strategies, especially for closed-end funds like Canoe EIT. These funds typically aim to provide consistent income while also working to enhance capital value. The specific amount of $0.10 per unit reflects the fund's ongoing commitment to shareholders.
About Canoe EIT Income Fund
Canoe EIT Income Fund stands out in Canada as one of the largest closed-end investment funds, aimed at maximizing distributions and capital growth. Managed by Robert Taylor, the Fund's diverse portfolio includes high-quality securities, making it an appealing choice for income-focused investors.
Investment Strategies and Management
Under the leadership of Canoe Financial, investors can trust that their money is managed by experts dedicated to increasing wealth. This firm has built a reputation for delivering solid investment solutions since its establishment in 2008 and continues to be one of Canada's fastest-growing independent mutual fund companies.
Advantages of Investing with Canoe Financial
Canoe Financial’s significant market presence, with offices in major cities, showcases its accessibility and dedication to its clients across the nation. Managing over $19 billion in assets, the firm provides a variety of award-winning investment options that cater to different financial needs.
Return of Capital Explained
It is important for investors to understand that part of the distributions may consist of Return of Capital (ROC). This means that while funds are returned to investors, it could also lower the original investment amount. Investors should stay informed about how ROC might affect their overall returns.
Investment Advising Important
Before making investment decisions, it is recommended for investors to consult with their advisors. This ensures they are well-informed about risk factors and investment strategies suited to their individual circumstances.
Investor Relations and Contact Information
For additional information about the fund or to inquire further, you can reach out to Canoe Financial’s investor relations at 1-877-434-2796. Their website offers a wealth of resources and insights regarding their investment offerings.
Frequently Asked Questions
What is the distribution rate for January 2025?
The monthly distribution for January 2025 is set at $0.10 per unit.
Who manages Canoe EIT Income Fund?
The fund is actively managed by Canoe Financial, led by Senior Vice President and Chief Investment Officer Robert Taylor.
What is Return of Capital?
Return of Capital (ROC) indicates that part of the distributions may reduce the initial investment amount, impacting future returns.
How can I contact Canoe Financial for more information?
You can reach Canoe Financial’s investor relations at 1-877-434-2796 or visit their website for resources.
Is there risk involved in investing in the fund?
Yes, like all investment options, there are inherent risks. It is advisable to discuss these with your investment advisor.
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