On October 20 2015, Canoe EIT Income Fund initiated a Voluntary annual cash redemption. Under the program, the fund will redeem units at a price equal to 95% of the average net asset value (NAV) of the three trading days preceding the December 10, 2015 redemption date, less direct costs. If all redemption requests exceed 10% of the aggregate outstanding units of the Fund on November 19, 2015, the final day to submit units for redemption, the Fund will process redemptions to this maximum on a pro-rata basis based on the total number of units tendered The program will expire on January 4, 2016. Alliance Trust Company acted as transfer agent to the fund.

On December 11, 2015, the company announced that the units accepted for the voluntary cash redemption will be redeemed at a price of CAD 11.76 per unit.