Canoe EIT Income Fund's Monthly Distribution Update for Investors
Canoe EIT Income Fund Monthly Distribution Announcement
CALGARY, Alberta — Canoe EIT Income Fund (the “Fund”) (TSX - EIT.UN) is excited to share its latest monthly distribution of $0.10 per unit. This distribution following the record date of July 22 will be available to unitholders on August 15.
Understanding Canoe EIT Income Fund
Canoe EIT Income Fund stands out as one of Canada’s premier closed-end investment funds, created to enhance monthly distributions and foster capital appreciation. Its strategy involves investing in a well-balanced portfolio aimed at generating significant returns for its investors. The fund is known for its proactive management and is listed on the TSX under EIT.UN.
Investment Strategy and Management
The Fund is under the leadership of Robert Taylor, Senior Vice President and Chief Investment Officer at Canoe Financial. His expertise ensures that the Fund capitalizes on market opportunities while maintaining a robust risk management framework.
About Canoe Financial
Founded in 2008, Canoe Financial has rapidly emerged as one of Canada’s leading independent mutual fund companies, currently managing about $20.0 billion in assets. The firm is recognized for its innovative investment solutions that cater to various financial needs.
Presence and Growth
Canoe Financial has expanded its influence across the country, with offices located in major cities like Calgary, Toronto, and Montreal. This extensive reach allows the company to connect with a broad investor base and offer personalized service.
Key Information for Investors
As part of the monthly distribution, it's important for investors to note that a component of the distribution may include a Return of Capital (ROC). A ROC can reduce your original investment over time, affecting future distributions. Careful consideration of investment performance against distributions is advised.
Investment Considerations
Anyone considering investing should take note of associated fees like commissions and management expenses. It is advisable to review detailed documents filed on www.sedar.com that detail the Fund's structure before committing to investment. Also, investment funds such as Canoe EIT Income Fund are not guaranteed, and previous performance does not guarantee future results.
Contact Information
For more personalized guidance or queries regarding your investments, reach out to our Investor Relations team:
Investor Relations
1–877–434–2796
info@canoefinancial.com
Frequently Asked Questions
What is the amount of the latest monthly distribution?
The latest monthly distribution announced by Canoe EIT Income Fund is $0.10 per unit.
When will the distribution payment be made?
Distributions will be payable on August 15, following the record date of July 22.
Who manages the Canoe EIT Income Fund?
The Fund is managed by Robert Taylor, who serves as Senior Vice President and Chief Investment Officer at Canoe Financial.
What should investors know about Return of Capital?
A Return of Capital can reduce the amount of your original investment, which may affect future income distributions.
How can I get more information about the Fund?
For additional details about the Canoe EIT Income Fund, investors can visit www.sedar.com or contact Investor Relations directly.
About The Author
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