Canoe EIT Income Fund Announces May 2024 Monthly Distribution and Quarterly Distribution on Preferred Units

CALGARY, Alberta, May 6, 2024 (GLOBE NEWSWIRE) — Canoe EIT Income Fund (the “Fund”) (TSX – EIT.UN) announces the May 2024 monthly distribution of $0.10 per unit. In addition, the Fund announces a quarterly distribution for the preferred units. Holders of Series 1 (EIT.PR.A) and Series 2 Preferred Cumulative Redeemable Units (EIT.PR.B) will receive a distribution of $0.30 per unit. Distributions will be paid on June 14, 2024 to unitholders of record on May 23, 2024. The ex-distribution date of distributions is May 22, 2024.

About Canoe EIT Income Fund
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. 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.

About Canoe Financial
Canoe Financial is one of Canada’s fastest growing independent mutual fund companies, managing $15.9 billion in assets across a diverse range of award-winning investment solutions. Founded in 2008, Canoe Financial is an employee-owned investment management company focused on building financial wealth for Canadians. Canoe Financial has a significant presence across Canada, including offices in Calgary, Toronto and Montreal.

For more information, please contact:
Investor Relations
1-877-434-2796
www.canoefinancial.com
[email protected]

Not for distribution to U.S. wire services or dissemination within the United States of America.

The Fund makes monthly distributions in an amount composed in whole or in part of the return of capital (ROC) of the net asset value per unit. A RDC reduces the amount of your initial investment and may result in the repayment of the entire amount of your initial investment. RDC that is not reinvested will reduce the net asset value of the fund, which may reduce the ability of the fund 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 may all be associated with investment funds. Please read the fund’s filings on www.sedar.com before investing. Investment funds are not guaranteed and past performance may not be repeated.

This communication should not be construed as a public offer to sell or a solicitation of an offer to buy securities. Any such offer may only be made by means of a prospectus or other applicable offering document and should be read carefully before making any investment. This press release is for informational purposes only. Investors should consult their investment advisor for details and risk factors regarding specific strategies and various investment products.