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CALGARY, Alberta, Dec. 18, 2025 (GLOBE NEWSWIRE) — Canoe Financial LP (the “Manager”) today announced an estimated special non-cash distribution for Canoe EIT Income Fund (the “Fund”) (TSX: EIT.UN) as indicated in the table below. The special non-cash distribution is separate from the previously declared cash distributions.
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The record date for the special non-cash distribution is December 31, 2025. The payment date will be January 15, 2026, however there will be no physical payment made as would be the case with a cash distribution.
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| Record date | Payment date | Estimated special non-cash distribution per unit of EIT.UN | |
| December 31, 2025 | January 15, 2026 | $ | 0.42 |
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The amount of the special non-cash distribution is an estimate only and may change until December 31, 2025. The Manager expects to issue a press release on or about January 9, 2026 confirming the final amount of the special non-cash distribution.
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The Fund is required to distribute any net income and capital gains prior to the end of its taxation year. The special non-cash distribution for the Fund generally represent residual net realized capital gains and net income not previously distributed.
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The special non-cash distribution will be reinvested in additional units of the Fund. The additional units will be immediately consolidated with the previously outstanding units such that the number of outstanding units following the distribution will be equal the number of units outstanding prior to the distribution.
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The special non-cash distribution will increase each unitholder’s adjusted cost base for the Fund.
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The actual taxable amount of all distributions for 2025, including the tax characteristics of the distributions, will be reported to brokers through Clearing and Depository Services Inc. (CDS) in early 2026.
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About Canoe EIT Income Fund
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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.
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About Canoe Financial
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Canoe Financial is one of Canada’s fastest growing independent mutual fund companies managing over $22 billion in assets across a diversified range of award-winning investment solutions. Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial has a significant presence across Canada, including offices in Calgary, Toronto and Montreal.
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For further information, please contact:
Investor Relations
1-877-434-2796
www.canoefinancial.com
[email protected]
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Not for distribution to U.S. Newswire Services or for dissemination in the United States.
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