Canoe EIT Income Fund has announced its 2026 voluntary cash redemption, giving unitholders a set window to tender units and a fixed timetable for pricing and payment. The redemption date is Dec. 4, 2026, and notices must be submitted by Nov. 13, 2026.
For unitholders, the key detail is the price formula. Units will be redeemed at 95% of the average net asset value of the three trading days before Dec. 4, 2026, less direct costs, which the fund expects to be less than 1%.
The fund said that if redemption requests exceed 10% of the aggregate outstanding units on Nov. 13, 2026, it will process redemptions on a pro-rata basis up to that maximum, based on the total number of units tendered.
Payment for units that are tendered and accepted will be made on or before Dec. 29, 2026. Units submitted 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 should note that redemption requests may be subject to withholding tax. Registered unitholders, meaning those who hold a physical share certificate in their name, are asked to contact the fund’s transfer agent, Odyssey Trust Company, at 1-888-290-1175 to redeem their units.
ประเด็นสำคัญ
- Redemption date is Dec. 4, 2026.
- Units will be redeemed at 95% of the average NAV of the three trading days before that date, less direct costs.
- Notices must be submitted by Nov. 13, 2026, and payment is due on or before Dec. 29, 2026.
