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Canoe EIT Income Fund (EIT-UN.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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9.17+0.02 (+0.22%)
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Neutralpattern detected
Previous Close9.15
Open9.20
Bid9.16 x 0
Ask9.17 x 0
Day's Range9.13 - 9.20
52 Week Range5.06 - 10.86
Volume67,844
Avg. Volume183,437
Market Cap1.095B
Beta (5Y Monthly)0.19
PE Ratio (TTM)N/A
EPS (TTM)-0.68
Earnings DateN/A
Forward Dividend & Yield1.20 (13.06%)
Ex-Dividend DateOct 21, 2020
1y Target EstN/A
  • Canoe Financial announces sub-advisor change for Canoe Preferred Share Portfolio Class
    GlobeNewswire

    Canoe Financial announces sub-advisor change for Canoe Preferred Share Portfolio Class

    CALGARY, Alberta, Oct. 23, 2020 (GLOBE NEWSWIRE) -- Canoe Financial LP (“Canoe Financial”) announced today a change to the sub-advisor for Canoe Preferred Share Portfolio Class (the “Fund”). Additionally, Canoe Financial has announced changes to the distribution frequency for Series UC of Canoe Asset Allocation Portfolio Class. Sub-Advisor ChangesOn November 1, 2020, Fiera Capital Corporation will cease to act as sub-advisor for the Fund. Canoe Financial will remain as portfolio manager and be responsible for managing the investment portfolio of the Fund.The Fund will be co-managed by portfolio managers Rohan Thiru, CPA, CA, CFA, and Steve DiGregorio, B.Eng., MBA.Rohan Thiru will manage the Fund’s bonds and hybrid investments. He draws on extensive knowledge of the Canadian corporate debt market and more than 15 years of investment and financial services experience, including 10 years of credit research. Rohan manages Canoe Bond Advantage Fund and is a multiple FundGrade A+ and Lipper awards recipient.Steve DiGregorio will manage the Fund’s equity portfolio. He draws on 14 years of investment management experience, including 10 years of experience investing in preferred shares, and more than 10 years of global corporate engineering experience. Steve manages Canoe Premium Income Fund.“As an independent investment manager, our objectives and interests are aligned with those of our investors. Canoe Financial’s extensive in-house expertise in the preferred share market, combined with the Fund’s flexibility allows us to take advantage of unique market opportunities and add value through an actively managed dual process fixed income strategy,” said Marc Goldfried, Chief Investment Officer and Head of Fixed Income at Canoe Financial.Change in Distribution PolicyEffective November 1, 2020, Series UC securityholders of Canoe Asset Allocation Portfolio Class may receive monthly returns of capital and/or income, or capital gain distributions on the last business day of each month. These monthly distributions are not guaranteed and will be based on Canoe Financial’s view of current market conditions, the types of securities available and historical distribution levels.About Canoe Financial Canoe Financial is one of Canada’s fastest growing independent mutual fund companies, managing over $8.0 billion in assets (as of September 30, 2020) across a diversified range of award-winning mutual funds and private energy equity products. Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial has significant national presence across Canada, including offices in Calgary, Toronto and Montreal.Investor Relations 1–877–434–2796 info@canoefinancial.com

  • GlobeNewswire

    Canoe EIT Income Fund Announces 2020 Voluntary Cash Redemption

    CALGARY, Alberta, Oct. 08, 2020 (GLOBE NEWSWIRE) -- Canoe EIT Income Fund (“Canoe” or the “Fund”)(TSX - EIT.UN) today announced the 2020 voluntary cash redemption. Voluntary Annual Cash RedemptionThe redemption date for the Fund’s annual voluntary cash redemption will be December 9, 2020. 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 9, 2020 redemption date, less direct costs. Direct costs are expected to be less than 1%. If all redemption requests exceed 10% of the aggregate outstanding units of the Fund on November 17, 2020, 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. Payment for units that have been tendered and accepted for redemption will be made on or before January 2, 2021.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 17, 2020. Please note that investment firms may impose an earlier deadline in order to facilitate the processing of redemption requests. Unitholders are strongly urged to consult their investment advisor or brokerage office directly to confirm their internal deadlines. Registered unitholders (those who hold a physical share certificate in their name) should contact the Fund’s transfer agent, Alliance Trust Company, at 403-237-6111 to redeem their units. Units that have been submitted for redemption will remain eligible for the October 2020 and November 2020 distributions, which are paid in November 2020 and December 2020, respectively.Please note that any redemption requests made by non-resident unitholders may be subject to withholding tax.Key DatesOctober 9 - November 17, 2020Unitholders may tender units for redemption December 4, 7 & 8, 2020Redemption price determined based on average NAV of these trading days December 9, 2020Redemption date January 2, 2021Payment of redemption proceeds on or before this date About Canoe EIT Income FundOne 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. The Fund is listed on the TSX under the symbol EIT.UN and is actively managed by Robert Taylor, Senior Vice President and Portfolio Manager of Canoe Financial.About Canoe FinancialCanoe Financial is one of Canada’s fastest growing independent mutual fund companies managing over $8.0 billion in assets across a diversified range of award-winning mutual funds and private energy equity products. Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial has significant national presence across Canada, including offices in Calgary, Toronto and Montreal.For further information, please contact: Investor Relations 1–877–434–2796 www.canoefinancial.com info@canoefinancial.com

  • GlobeNewswire

    Canoe EIT Income Fund Announces October 2020 Distribution

    CALGARY, Alberta, Oct. 05, 2020 (GLOBE NEWSWIRE) -- Canoe EIT Income Fund (the “Fund”) (TSX - EIT.UN) announces the September 2020 distribution of $0.10 per unit. The distribution will be paid on November 15, 2020 to unitholders of record on October 22, 2020. The ex-distribution date for this distribution is October 21, 2020. About Canoe EIT Income Fund 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. The Fund is listed on the TSX under the symbol EIT.UN and is actively managed by Robert Taylor, Senior Vice President and Portfolio Manager of Canoe Financial.About Canoe Financial Canoe Financial is one of Canada’s fastest growing independent mutual fund companies managing over $8.0 billion in assets across a diversified range of award-winning mutual funds and private energy equity products. Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial has significant national presence across Canada, including offices in Calgary, Toronto and Montreal.For further information, please contact: Investor Relations 1–877–434–2796 www.canoefinancial.com info@canoefinancial.comNot 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.