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.

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Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1

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Comment by BuenaSuertaAtodon Sep 23, 2014 9:06am

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Post# 22961500

RE:RE:RE:RE:2013 Voluntary Cash Redemption was announced Sept 20, 2013

I redeemed shares last year (December). When discount to NAV is this large it is an easy way to make some capital. It also ought to push the SP up closer to NAV as new investors stand to make a quick & easy profit from redeemed shares. From what I've seen, Canoe have always spoken of this as an annual redemption & implemented it every year. I've seen nothing to indicate that the practice was discontinued.

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