Canoe EIT Income Fund stock sets December redemption terms

Published on 10/07/2026 at 04:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Canoe EIT Income Fund stock was last at CAD 17.33 on October 6, 2026, while its 2026 redemption date is set for December 4. TTM revenue reached CAD 618.33 million.

EIT.UN, CA13780R1091, Illustration mit AI erstellt.

Canoe EIT Income Fund (ISIN CA13780R1091) was last at CAD 17.33 on the Toronto Stock Exchange on October 6, 2026 at 4:00 p.m. ET, versus a prior close of CAD 17.25. The fund's newly announced voluntary cash redemption gives the stock a defined December event, with units valued at 95 percent of average net asset value less direct costs.

December redemption sets a clear date

According to GlobeNewswire on October 4, 2026, Canoe set December 4, 2026 as the annual redemption date. The redemption price will use the average NAV from December 1, 2 and 3, with direct costs expected to be less than 1 percent.

Unitholders must submit redemption notices by November 13, 2026. If requests exceed 10 percent of outstanding units, the fund will process accepted requests pro rata, while payment is due on or before December 29, 2026.

Monthly income remains part of the offer

The redemption announcement says accepted units remain eligible for the October and November 2026 distributions, payable in November and December. The fund's September distribution was CAD 0.10 per unit, with payment scheduled for October 15, 2026, according to Canoe Financial on September 8, 2026.

That structure matters because the fund is designed around monthly distributions as well as capital appreciation. The redemption mechanism adds a separate liquidity window, but the 95 percent NAV formula means the redemption value is distinct from the exchange price.

Stock sits below its yearly high

At CAD 17.33 on October 6, the unit price stood 3.45 percent below its 52-week high of CAD 17.95 and above the 52-week low of CAD 15.25. Trading volume was 66,025 units, while market capitalization was CAD 3.2 billion on the same date.

Trailing-twelve-month revenue was CAD 618.33 million, up 34.4 percent, and net income was CAD 563.74 million, up 40.6 percent, according to Stock Analysis on October 5, 2026. Those figures put the redemption terms alongside a fund profile showing higher trailing revenue and net income than the comparable prior periods.

Redemption terms shape the next checkpoint

The key investor dates are now the November 13 tender deadline, the December 4 redemption date and the December 29 payment deadline. The exchange quote and the NAV-based redemption formula will therefore measure two different values for units during the same period.