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 > Special distribution = tax recalculation

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Post by Gord_Albertaon Jan 15, 2022 1:32pm

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Post# 34320459

Special distribution = tax recalculation

I fail to understand the continued questions... As per the email I received from EIt's office.
1) There is no cash payment
2) The number of shares everyone owns remains the same

Therefore, the special distribution is for accounting / tax purposes only... For shares held in your TFSA or RRSP, this means nothing. In your investment account, the new numbers are for your accountant / Revenue Canada.

Yes, they should not have used the word "distribution" in their news release. Some employee needs their wrist slapped for the improper wording.

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