Canoe EIT Income Fund Announces Estimated Special Non-Cash Distribution

Canoe EIT Income Fund ( ($TSE:EIT.UN) ) has issued an announcement.

Canoe Financial has announced an estimated special non-cash distribution of $0.42 per unit for Canoe EIT Income Fund, with a record date of December 31, 2025 and an effective payment date of January 15, 2026, separate from its regular cash distributions. The distribution, representing residual net income and realized capital gains required to be paid out before the fund’s year-end, will be reinvested in additional units that are immediately consolidated so that unitholders see no change in the number of units they hold but will have an increased adjusted cost base, with final taxable amounts for 2025 to be reported to brokers in early 2026.

Spark’s Take on TSE:EIT.UN Stock

According to Spark, TipRanks’ AI Analyst, TSE:EIT.UN is a Outperform.

Canoe EIT Income Fund shows strong financial performance with robust revenue and profit growth, backed by a solid balance sheet. Valuation metrics indicate the stock is attractively priced with a low P/E ratio and high dividend yield. Technical analysis shows short-term upward momentum, although caution is advised due to high stochastic levels suggesting potential for a pullback. Cash flow management remains an area for improvement.

To see Spark’s full report on TSE:EIT.UN stock, click here.

More about Canoe EIT Income Fund

Canoe EIT Income Fund is one of Canada’s largest closed-end investment funds, aiming to maximize monthly distributions and capital appreciation through a broadly diversified portfolio of high-quality securities. Listed on the Toronto Stock Exchange under the symbol EIT.UN, the fund is actively managed by Canoe Financial, an employee-owned Canadian investment management firm overseeing more than $22 billion in assets across a range of mutual funds and investment solutions.

Average Trading Volume: 164,976

Technical Sentiment Signal: Buy

For an in-depth examination of EIT.UN stock, go to TipRanks’ Overview page.