CALGARY, ALBERTA--(Marketwired - Dec. 9, 2016) - Canoe EIT Income Fund ("Canoe" or the "Fund")
(TSX:EIT.UN) today announced that units accepted for the 2016 voluntary cash redemption will be redeemed at a price of
$12.29 per unit in Canadian dollars. This price is equal to 95% of the average net asset value per unit based on the three
business days preceding the redemption date of December 8, 2016, less direct costs. Payment of the redemption proceeds will be
made on or before January 3, 2017. Units that were not accepted for redemption have been returned to unitholders.
About the Fund
The Fund is one of Canada's largest, diversified closed-end investment funds and is listed on the TSX under the
symbol EIT.UN. The Fund is actively managed and invests in a diversified portfolio of income-generating and capital
growth-oriented securities listed primarily on the TSX. The Fund is designed to maximize distributions and net asset value for
the benefit of its unitholders. The Fund is managed by Robert Taylor, Senior Vice President and Portfolio Manager of Canoe
Financial.
About Canoe Financial
Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial
wealth for Canadians. Canoe Financial is one of Canada's fastest-growing independent mutual fund companies and currently manages
approximately $4 billion in assets across a diversified range of award-winning mutual funds and private energy equity products.
Canoe Financial has expanded from its Calgary head office across Canada, including a significant presence in Toronto and offices
in Vancouver, Winnipeg, Ottawa and Montreal. To learn more about Canoe Financial and its investment products, visit www.canoefinancial.com.
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States of
America.
The Fund makes monthly distributions of an amount comprised in whole or in part of Return of Capital (ROC) of the
net asset value per unit. A ROC reduces the amount of your original investment and may result in the return to you of the entire
amount of your original investment. ROC that is not reinvested will reduce the net asset value of the fund, which could reduce
the fund's ability to generate future income. You should not draw any conclusions about the fund's investment performance from
the amount of this distribution.
Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please
read the information filed about the fund on www.sedar.com before investing.
Investment funds are not guaranteed and past performance may not be repeated. This communication is not to be construed as a
public offering to sell, or a solicitation of an offer to buy securities. Such an offer can only be made by way of a prospectus
or other applicable offering document and should be read carefully before making any investment. This release is for information
purposes only. Investors should consult their Investment Advisor for details and risk factors regarding specific strategies and
various investment products.