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 > How is the "special distribution" (.44 ) to be treated in

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Post by bbzzzzon Apr 11, 2022 12:50pm

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Post# 34594130

How is the "special distribution" (.44 ) to be treated in

the future ? It is taxable this year in taxable accounts as a capital gain but my understanding is that it may increase your adjusted cost base ( .44 ) in the future upon a selling of the units . I feel the news release of the "special disribution" should have been more concise in terms of the tax implication .

I have called for clarification but no response back yet .

Thanks ,

tedz

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