Canoe EIT Income Fund, a Canadian investment fund, announced on October 4, 2026, its annual voluntary cash redemption for December 4, 2026. Unitholders can redeem their units at 95% of the Average Net Asset Value (NAV) over three trading days prior to the redemption date minus direct costs under 1%. If total redemption requests exceed 10% of outstanding units by November 13, 2026, redemptions will be processed on a pro-rata basis. Payments for redeemed units are expected no later than December 29, 2026.
Written locally by qwen2.5:14b on 2026-10-05,
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Story summary
Canoe EIT Income Fund, based in CALGARY, Alberta, announced on October 4, 2026, its voluntary cash redemption for December 4, 2026. Unitholders can redeem their units at a price equal to 95% of the Average Net Asset Value (NAV) of the three trading days before the redemption date, minus direct costs expected to be less than 1%. If total redemption requests exceed 10% of the outstanding units on November 13, 2026, the fund will process redemptions on a pro-rata basis. Payments for redeemed units will be made by December 29, 2026. Unitholders must inform their investment advisor or brokerage office of their intent to redeem no later than November 13, 2026, though firms may impose earlier deadlines.
Written for “Canoe Eit Fund Redemption” on 2026-10-05,
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Canoe EIT Income Fund (“Canoe” or the “Fund”) (TSX - EIT.UN) today announced the 2026 voluntary cash redemption.
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Fund → announce → redemption
Unitholders are entitled to redeem units of the Fund at a price equal to 95% of the Average Net Asset Value (NAV) of the three trading days preceding the December 4, 2026, redemption date, less direct costs.
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Unitholders → entitle → costs
Direct costs are expected to be less than 1%.
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costs → expect → ?
If all redemption requests exceed 10% of the aggregate outstanding units of the Fund on November 13, 2026, the final day to submit units for redemption, the Fund will process redemptions to this maximum on a pro-rata basis based on the total number of units tendered.
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Fund → exceed → units
Payment for units that have been tendered and accepted for redemption will be made on or before December 29, 2026.
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that → tender → December
Unitholders wishing to redeem their units must provide notice of their intent to do so with their investment advisor or brokerage office no later than November 13, 2026.
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Unitholders → wish → November
Please note that investment firms may impose an earlier deadline in order to facilitate the processing of redemption requests.
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firms → note → requests
Unitholders are strongly encouraged to consult their investment advisor or brokerage office directly to confirm their internal deadlines.
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Unitholders → encourage → deadlines
Registered unitholders (those who hold a physical share certificate in their name) should contact the Fund’s transfer agent, Odyssey Trust Company, at 1-888-290-1175 to redeem their units.
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who → hold → units
Units that have been submitted for redemption will remain eligible for the October 2026 and November 2026 distributions, which are paid in November 2026 and December 2026, respectively.
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which → submit → November
Please note that any redemption requests made by non-resident unitholders may be subject to withholding tax.
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requests → please → tax
Canoe EIT Income Fund is one of Canada’s largest closed-end investment funds, designed to maximize monthly distributions and capital appreciation by investing in a broadly diversified portfolio of high-quality securities.
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Fund → design → securities
The Fund is listed on the TSX under the symbol EIT.UN, and is actively managed by Robert Taylor, Senior Vice President and Chief Investment Officer, Canoe Financial.
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Fund → list → Taylor
About Canoe Financial
Canoe Financial is one of Canada’s fastest growing independent mutual fund companies managing nearly $25 billion in assets across a diversified range of award-winning investment solutions.
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Financial → grow → solutions
Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians.
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Financial → found → Canadians
Canoe Financial has a significant presence across Canada, including offices in Calgary, Toronto and Montreal.
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Financial → have → Calgary
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.
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Fund → make → 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.
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ROC → reduce → 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.
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which → reinveste → income
You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution.
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You → draw → distribution
Commissions, trailing commissions, management fees and expenses all may be associated with investment funds.
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Commissions → trail → funds
Investment funds are not guaranteed and past performance may not be repeated.
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performance → guarantee → ?
This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities.
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communication → construe → 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.
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offer → make → investment
Investors should consult their Investment Advisor for details and risk factors regarding specific strategies and various investment products.
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Investors → consult → strategies
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