News ReleasesPrint

Canoe EIT Income Fund Provides 2013 Voluntary Cash Redemption Information

CALGARY, ALBERTA – November 25, 2013 – Canoe EIT Income Fund (formerly EnerVest Diversified Income Trust) (“Canoe” or the “Fund”)   (TSX - EIT.UN) provides information on the 2013 voluntary cash redemption.

Requests for redemption of approximately 36.9 million units of the Fund, representing approximately 41.0% of the current issued and outstanding units, have been submitted by unitholders.  The Fund’s Declaration of Trust limits the annual redemption to 10% of the issued and outstanding units on the final day on which to submit units for redemption, which was November 22, 2013 this year.  Accordingly, redemption requests will be pro rated to approximately 24% of units tendered. 

Payment of the redemption proceeds will be made on or before December 20, 2013 at a redemption price equal to 95% of the average net asset value based on the three business days preceding the redemption date of December 13, 2013, less direct costs.  Any units not accepted for redemption will be returned to redeeming unitholders on or before December 20, 2013.

Units that have been submitted for redemption will remain eligible for the November 2013 distribution which has a payment date of December 13, 2013. 

About the Fund
The 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 Financial LP
Canoe Financial is an investment management firm focused on building financial wealth for Canadians through investing in Canada. Its ‘GO CANADA!’ investment thesis reflects Canoe’s strategic confidence in Canada as a place to invest. With continued global urbanization, increasing worldwide demand for resources, and Canada’s sound fiscal structure, Canoe believes this country provides long-term growth potential for investors. 

Canoe is one of Canada’s fastest-growing mutual fund companies and as at October 31, 2013, manages approximately $1.9 billion in assets through its investment products. To learn more about Canoe Financial, visit

For further information, please contact:
Investor Relations
Canoe Financial LP

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States of America.

Forward Looking Statement: Certain statements included in this news release constitute forward looking statements which reflect Canoe Financial’s current expectations regarding future results or events. Words such as “may,” “will,” “should,” “could,” “anticipate,” “believe,” “expect,” “intend,” “plan,” “potential,” “continue” and similar expressions have been used to identify these forward-looking statements. Forward-looking statements involve significant risks and uncertainties and a number of factors could cause actual results to materially differ from expectations discussed in the forward looking statements including, but not limited to, changes in general economic and market conditions and other risk factors. Although the forward-looking statements are based on what Canoe Financial believes to be reasonable assumptions, we cannot assure that actual results will be consistent with these forward-looking statements. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the current date and we assume no obligation to update or revise them to reflect new events or circumstances.

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.