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  • Canoe EIT Income Fund (EIT.UN) will undertake an offering of units at a price of $12.10 per Unit yielding 9.9 per cent
  • Proceeds from the offering will be invested in accordance with the fund’s investment objectives and investment strategies
  • The sales period for the offering will end at 9:00 a.m. ET on June 22, 2021
  • The offering is expected to close on or about June 30, 2021
  • Canoe EIT Income Fund is one of Canada’s largest, diversified closed-end investment funds
  • Canoe EIT Income Fund (EIT.UN) is down 0.123 per cent, trading at C$12.225

Canoe EIT Income Fund (EIT.UN) will undertake an offering of units at a price of $12.10 per unit yielding 9.9 per cent.

The syndicate of agents for the offering is being led by National Bank Financial Inc.

Proceeds from the offering will be invested in accordance with the fund’s investment objectives and investment strategies, subject to any investment restrictions.

The fund’s regular monthly distribution of $0.10 per unit for unitholders of EIT.UN units remain unchanged. The fund has maintained the monthly $0.10 per unit distribution since August 2009. The fund’s annual voluntary redemption feature for unitholders of EIT.UN remains unchanged.

The sales period for the offering will end at 9:00 a.m. ET on June 22, 2021. The offering is expected to close on or about June 30, 2021 and is subject to certain closing conditions, including approval by the Toronto Stock Exchange.

Canoe EIT Income Fund is one of Canada’s largest, diversified closed-end investment funds and is listed on the Toronto Stock Exchange under the symbol EIT.UN. The Fund is designed to maximize monthly distributions and capital appreciation by investing in a broadly diversified portfolio of high-quality dividend-paying securities.

Canoe Financial is one of Canada’s fastest-growing independent mutual fund companies managing over $10 billion in assets across a diversified range of award-winning investment solutions.

Canoe EIT Income Fund (EIT.UN) is down 0.123 per cent, trading at C$12.225.

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