CALGARY, Alberta, June 04, 2021 (GLOBE NEWSWIRE) – Canoe EIT Income Fund (the “Fund”) (TSX – EIT.UN) announces the June 2021 distribution of $ 0.10 per unit. The distribution will be paid on July 15, 2021 to unitholders of record on June 22, 2021. The ex-distribution date of this distribution is June 21, 2021.
About Canoe EIT Income Fund
Canoe EIT Income Fund is one of Canada’s largest closed-end investment funds, designed to maximize monthly distributions and capital appreciation by investing in a broadly diversified portfolio of high quality securities. The Fund is listed on the Toronto Stock Exchange under the symbols EIT.UN, EIT.PR.A and EIT.PR.B, and is actively managed by Robert Taylor, portfolio manager and head of equities, Canoe Financial.
About Canoe Financial
Canoe Financial is one of Canada’s fastest growing independent mutual fund companies, managing over $ 9.8 billion in assets across a diverse range of award-winning investment solutions. Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on creating financial wealth for Canadians. Canoe Financial has a significant presence across Canada, including offices in Calgary, Toronto and Montreal.
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The Fund pays monthly distributions in an amount composed in whole or in part of the return of capital (ROC) of the net asset value per unit. A ROC reduces the amount of your initial investment and can earn you the full amount of your initial investment. ROC that is not reinvested will reduce the net asset value of the fund, which could reduce the ability of the fund to generate future income. You should not draw any conclusions about the performance of the Fund’s investments from the amount of this distribution. Commissions, trailing commissions, management fees and expenses can all be associated with investment funds. Please read the information filed about the Fund at www.sedar.com before investing. Investment funds are not guaranteed and past performance may not be repeated. This communication should not be interpreted as a public offer to sell or a solicitation of an offer to buy securities. Any such offer can only be made by way of a prospectus or other applicable offering document and should be read carefully before making any investment. This press release is for informational purposes only. Investors should consult their investment advisor for details and risk factors relating to specific strategies and various investment products.