Canoe EIT Income Fund announces a share repurchase program. Under the program, the company will repurchase up to 8,787,602 of its issued and outstanding units, representing 10% of the public float of the company and 9.85% of the issued capital. The price which the company will pay for any units purchased will be the prevailing market price of such units on the TSX at the time of purchase.

All units purchased by the company pursuant to the bid will be held for resale. The company believes that from time to time the purchase of the company's units will increase the proportionate interest of, and be advantageous to, all remaining unitholders. The company not purchase more than 2% of the issued and outstanding units during any 30 day period, which as at December 18, 2015 represents 1,784,505 units.

The bid will commence on January 4, 2016 and will terminate on January 3, 2017. As of December 18, 2015, the company has 89,225,2877 issued and outstanding units and 87,876,015 units as public float.