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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Post by Gord_Albertaon Dec 23, 2021 11:38am

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Post# 34258111

EIT's written response to my email

Thank your for your inquiry.

Canoe EIT is expected to pay a special distribution of an estimated $0.44/unit. The distribution being paid will be as a notional distribution. This means that the distribution will be paid via issuance of the same class of units of the Fund. Unitholders will not receive any portion of the distribution in cash. Immediately after the distribution is issued, additional units arising from the special distribution and outstanding units of the Fund will be consolidated such that the total number of outstanding units held is unchanged.

In other words, you will see the distribution reflected in the average cost of your units. You will not be receiving extra units or cash paid out.

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