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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Comment by oilandgasmickon Jan 15, 2022 5:28pm

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Post# 34320851

RE:Special distribution = tax recalculation

Gord-

Thanks for confirming what I suspected was the case.

The press release says that there is no cash distribution but instead you are paid in like units followed by a consolidation after which there the number of units remains unchanged. So no cash and the no. of units is unchanged thus there is no distribution payable to those whol hold in the RRSP accounts.

I agree that this was poorly handled by the company. There should have been more clarification as to what this mean to the various stake holder groups.

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