Canoe EIT Income Fund Announces 2018 Annual Redemption Price

CALGARY, Alberta, Dec. 07, 2018 (GLOBE NEWSWIRE) -- Canoe EIT Income Fund (a??Canoea?? or the a??Funda??)(TSX - EIT.UN) today announced that units accepted for the 2018 voluntary cash redemption will be redeemed at a price of $10.42 per unit in Canadian dollars. This price is equal to 95% of the average net asset value per unit based on the three business days preceding the redemption date of December 7, 2018, less direct costs. Payment of the redemption proceeds will be made on or before January 2, 2019. Units that were not accepted for redemption have been returned to unitholders.
About the FundThe Fund is one of Canada's largest, diversified closed-end investment funds and is listed on the TSX under the symbol EIT.UN. The Fund is actively managed and invests in a diversified portfolio of income-generating and capital growth-oriented securities listed primarily on the TSX. The Fund is designed to maximize distributions and net asset value for the benefit of its unitholders. The Fund is managed by Robert Taylor, Senior Vice President and Portfolio Manager of Canoe Financial.About Canoe FinancialCanoe is one of Canadaa??s fastest growing independent mutual fund companies managing $4.5 billion in assets across a diversified range of award-winning mutual funds and private energy equity products. Founded in 2008, Canoe Financial LP is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe has offices in Calgary, Toronto, Vancouver, Winnipeg, and Montreal.Further Information
Investor Relations
Canoe Financial LP
info@canoefinancial.comDisclaimerThe 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 funda??s ability to generate future income. You should not draw any conclusions about the funda??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 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.
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