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Canoe EIT Income Fund ( ($TSE:EIT.UN) ) has provided an update.
Canoe Financial has announced a special non-cash distribution for the unitholders of Canoe EIT Income Fund, amounting to $0.45 per unit, applicable to unitholders of record as of December 31, 2024. This distribution will be reinvested in additional units, immediately consolidated with the existing units to maintain the current number of outstanding units, and will adjust each unitholder’s cost base. This strategic move ensures compliance with tax obligations by distributing any residual net realized capital gains and income before the Fund’s taxation year ends.
More about Canoe EIT Income Fund
Canoe Financial is one of Canada’s fastest growing independent mutual fund companies, managing over $19 billion in assets with a focus on building financial wealth for Canadians. Established in 2008, it is an employee-owned firm offering a diversified range of investment solutions and has a significant presence across Canada. Canoe EIT Income Fund, one of the company’s largest closed-end investment funds, focuses on maximizing monthly distributions and capital appreciation.
YTD Price Performance: -0.63%
Average Trading Volume: 3,934
Technical Sentiment Consensus Rating: Strong Sell
Learn more about EIT.UN stock on TipRanks’ Stock Analysis page.
