Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 T.EIT.PR.A

Alternate Symbol(s): ENDTF | T.EIT.UN | T.EIT.PR.B

Financial Services Asset Management

Canoe EIT Income Fund (the Fund) is a Canada-based closed-end investment trust. The investment objectives of Fund are to maximize monthly distributions relative to risk and maximize net asset value, while maintaining and expanding a diversified investment portfolio, primarily through acquiring, investing, holding, transferring, disposing of or otherwise dealing with or in equity and debt securities of corporations, partnerships, or other issuers and such other investments as the manager may determine in its sole discretion from time to time. Canoe Financial LP is the manager and portfolio manager of the Fund.

TSX:EIT.PR.A - Post by User

Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1

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Comment by gasiouson Mar 01, 2006 5:55pm

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Post# 10439574

RE: Oversubscription @ 10.7%

I believe that Enervest allocates the over-allotment units to each Brokerage in proportion to the number of rights subscribed for. Thus when the investors in Brokerage A request less % over-allotment than Brokerage B then the overallotment % is higher. I received ~29% over-allotment from A and ~18% from B, which appears to support this conclusion.

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