Latest news with #CanoeFinancial
Yahoo
3 days ago
- Business
- Yahoo
Canoe Financial announces changes to its mutual fund lineup
CALGARY, Alberta, June 10, 2025 (GLOBE NEWSWIRE) -- Canoe Financial LP ('Canoe Financial') today announced changes to two of its investment funds. Fund name changes Effective June 20 2025, the following name changes will take effect: Canoe Defensive Global Balanced Fund will be renamed Canoe Fundamental Global Balanced Fund Canoe Canadian Small Mid Cap Portfolio Class will be renamed Canoe Fundamental Small Mid Cap Portfolio Class These changes reflect Canoe Financial's continued focus on clarity, precision and alignment between fund names and investment strategies. Canoe Fundamental Global Balanced FundThe new name reflects the fund's change in investment strategy to focus on fundamental, bottom-up security selection, in alignment with Canoe Financial's investment process. This change also removes the risk management overlay previously managed by Nalmont Capital Inc. ('Nalmont'). With the termination of the sub-advisory agreement with Nalmont, as it relates to Canoe Defensive Global Balanced Fund, Canoe Financial and Robert Taylor as its Chief Investment Officer, will be solely responsible for managing the fund's portfolio. Nalmont will continue to act as sub-advisor to Canoe Defensive Global Equity Fund, Canoe Defensive International Equity Fund and Canoe Defensive U.S. Equity Portfolio Class. Canoe Fundamental Small Mid Cap Portfolio ClassTo broaden the fund's opportunity set, the fund's investment strategy has been changed to increase the foreign equity exposure limit to 49%, up from its previous constraint of 30%. This change enhances the fund's ability to capitalize on attractive small- and mid-cap opportunities outside of Canada. The fund's new name reflects this added flexibility while maintaining its focus on high-conviction, actively managed small- and mid-cap equities. No changes have been made to the investment objectives of either Canoe Fundamental Global Balanced Fund or Canoe Fundamental Small Mid Cap Portfolio Class. About Canoe FinancialCanoe Financial is one of Canada's fastest growing independent mutual fund companies managing approximately $20.0 billion in assets across a diversified range of award-winning investment solutions. Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial has a significant presence across Canada, including offices in Calgary, Toronto and Montreal. ContactCanoe Financial LP1-877-434-2796info@ Disclaimer Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.
Yahoo
04-06-2025
- Business
- Yahoo
Canoe EIT Income Fund Announces June 2025 Monthly Distribution
CALGARY, Alberta, June 04, 2025 (GLOBE NEWSWIRE) -- Canoe EIT Income Fund (the 'Fund') (TSX - announces the June 2025 monthly distribution of $0.10 per unit. Unitholders of record on June 20, 2025, will receive distributions payable on July 15, 2025. About Canoe EIT Income FundCanoe EIT Income Fund is one of Canada's largest closed-end investment funds, designed to maximize monthly distributions and capital appreciation by investing in a broadly diversified portfolio of high quality securities. The Fund is listed on the TSX under the symbol and is actively managed by Robert Taylor, Senior Vice President and Chief Investment Officer, Canoe Financial. About Canoe Financial Canoe Financial is one of Canada's fastest growing independent mutual fund companies managing approximately $20.0 billion in assets across a diversified range of award-winning investment solutions. Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial has a significant presence across Canada, including offices in Calgary, Toronto and Montreal. For further information, please contact:Investor Relations1–877–434– Fund makes monthly distributions of an amount comprised in whole or in part of Return of Capital (ROC) of the net asset value per unit. A ROC reduces the amount of your original investment and may result in the return to you of the entire amount of your original investment. ROC that is not reinvested will reduce the net asset value of the fund, which could reduce the fund's ability to generate future income. You should not draw any conclusions about the fund's investment performance from the amount of this distribution. Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the information filed about the fund on before investing. Investment funds are not guaranteed and past performance may not be repeated. 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.
Yahoo
04-02-2025
- Business
- Yahoo
Canoe EIT Income Fund Announces February 2025 Monthly Distribution and Quarterly Distribution on Preferred Units
CALGARY, Alberta, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Canoe EIT Income Fund (the 'Fund') (TSX - announces the February 2025 monthly distribution of $0.10 per unit. Additionally, the Fund announces a quarterly distribution for preferred units. Cumulative Redeemable Series 1 ( and Series 2 Preferred ( unitholders will receive a distribution of $0.30 per unit. Unitholders of record on February 24, 2025, will receive distributions payable on March 14, 2025. About Canoe EIT Income FundCanoe EIT Income Fund is one of Canada's largest closed-end investment funds, designed to maximize monthly distributions and capital appreciation by investing in a broadly diversified portfolio of high quality securities. The Fund is listed on the TSX under the symbol and is actively managed by Robert Taylor, Senior Vice President and Chief Investment Officer, Canoe Financial. About Canoe Financial Canoe Financial is one of Canada's fastest growing independent mutual fund companies managing over $19.5 billion in assets across a diversified range of award-winning investment solutions. Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial has a significant presence across Canada, including offices in Calgary, Toronto and Montreal. For further information, please contact:Investor Relations1–877–434– Fund makes monthly distributions of an amount comprised in whole or in part of Return of Capital (ROC) of the net asset value per unit. A ROC reduces the amount of your original investment and may result in the return to you of the entire amount of your original investment. ROC that is not reinvested will reduce the net asset value of the fund, which could reduce the fund's ability to generate future income. You should not draw any conclusions about the fund's investment performance from the amount of this distribution. Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the information filed about the fund on before investing. Investment funds are not guaranteed and past performance may not be repeated. 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.
