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     735  0 Kommentare Canoe EIT Income Fund Files Amended & Restated Preliminary Prospectus for Preferred Unit Offering

    CALGARY, ALBERTA--(Marketwired - Feb. 24, 2017) -

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

    Canoe EIT Income Fund (the "Fund") (TSX:EIT.UN) announced today that it has filed and obtained a receipt for an amended and restated preliminary short form prospectus in respect of the previously announced potential offering of Cumulative Redeemable Series 1 Preferred Units (the "Series 1 Preferred Units") at a price of $25.00 per Series 1 Preferred Unit (the "Offering"). The Series 1 Preferred Units will be offered to the public through a syndicate of underwriters led by Scotiabank and RBC Capital Markets which also includes BMO Capital Markets, CIBC Capital Markets, National Bank Financial Inc., TD Securities Inc., Canaccord Genuity Corp., Industrial Alliance Securities Inc. and Manulife Securities Incorporated. It is currently anticipated that the quarterly cumulative preferential cash distributions on the Series 1 Preferred Units will be between 4.6% and 4.8% per annum.

    Canoe Financial LP, the manager of the Fund, believes that successful completion of the Offering will provide the Fund with longer-term fixed rate capital at an attractive all in cost of financing. The additional capital will be used to take advantage of attractive investment opportunities, and is also expected to ensure the sustainability of the Fund by increasing the earning capacity of the Units. The Series 1 Preferred Units are provisionally rated Pfd - 2 (high) by Dominion Bond Rating Service Limited.

    The Fund's regular monthly distribution of $0.10 per unit for unitholders of EIT.UN units remains unchanged. The Fund has maintained the $0.10 per unit monthly distribution since August 2009, through varying market conditions.

    The Fund's annual voluntary redemption feature for unitholders of EIT.UN units remains unchanged. Once a date has been set for the 2017 annual redemption, the Fund will issue a news release with the details.

    An amended and restated preliminary short form prospectus containing important information relating to the Series 1 Preferred Units has been filed with securities commissions or similar authorities in all provinces and territories of Canada. The amended and restated preliminary short form prospectus is still subject to completion or amendment. Copies of the amended and restated preliminary short form prospectus may be obtained from your registered financial advisor using the contact information for such advisor, or from representatives of the underwriters listed above. There will not be any sale or any acceptance of an offer to buy the Series 1 Preferred Units until a receipt for the final short form prospectus has been issued.

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    Canoe EIT Income Fund Files Amended & Restated Preliminary Prospectus for Preferred Unit Offering CALGARY, ALBERTA--(Marketwired - Feb. 24, 2017) - Not for Distribution to U.S. Newswire Services or for Dissemination in the United States of America. Canoe EIT Income Fund (the "Fund") (TSX:EIT.UN) announced today that it has filed …