Forex News
Canoe EIT sets 2026 voluntary cash redemption for Dec. 4
Canoe EIT Income Fund has set its 2026 voluntary cash redemption date for December 4, 2026, with notices due by November 13.
- Redemption date is December 4, 2026.
- Notices must be submitted no later than November 13, 2026.
- Payment is due on or before December 29, 2026.
Canoe EIT Income Fund said its 2026 voluntary cash redemption will take place on December 4, 2026. Unitholders have until November 13, 2026, to submit redemption notices.
The redemption price will equal 95% of the average net asset value of the three trading days before December 4, 2026, less direct costs. The fund said direct costs are expected to be less than 1%.
If redemption requests exceed 10% of the aggregate outstanding units on November 13, 2026, the fund will process redemptions on a pro rata basis. Payment for accepted units will be made on or before December 29, 2026.
Units tendered for redemption will remain eligible for the October 2026 and November 2026 distributions, which are paid in November 2026 and December 2026, respectively.
Non-resident unitholders' redemption requests may be subject to withholding tax. Registered unitholders should contact the fund's transfer agent, Odyssey Trust Company, at 1-888-290-1175.
Key dates
- October 2 to November 13, 2026: unitholders may tender units for redemption.
- December 1, 2 and 3, 2026: redemption price determined based on average NAV.
- December 4, 2026: redemption date.
- December 29, 2026: redemption proceeds paid on or before this date.
Source: GlobeNewswire,