Canoe EIT Income Fund Announces 2025 Voluntary Cash Redemption

Core Points - Canoe EIT Income Fund announced its 2025 voluntary cash redemption, allowing unitholders to redeem units at a price equal to 95% of the Average Net Asset Value (NAV) of the three trading days preceding the redemption date [1][2]. Group 1: Redemption Details - The redemption date is set for December 5, 2025, with unitholders required to submit their redemption requests by November 14, 2025 [2][3]. - If total redemption requests exceed 10% of the outstanding units, redemptions will be processed on a pro-rata basis [2]. - Payment for accepted redemption requests will occur on or before December 30, 2025 [2][5]. Group 2: Fund Overview - Canoe EIT Income Fund is one of Canada's largest closed-end investment funds, focusing on maximizing monthly distributions and capital appreciation through a diversified portfolio of high-quality securities [6]. - The Fund is actively managed by Robert Taylor, Senior Vice President and Chief Investment Officer at Canoe Financial [6]. - Canoe Financial manages over $20.5 billion in assets and is recognized as one of Canada's fastest-growing independent mutual fund companies [7].