Do any of the Canoe funds have an annual redemption feature?
Yes. The EnerVest Diversified Income Trust has an annual capped redemption feature whereby unitholders may redeem up to 10% of the aggregate outstanding units of the fund at 95% of the average net asset value, based on the three trading days prior to the redemption date, less direct costs. For more specific details, please click here. EnerVest Energy & Oil Sands Total Return Trust has an annual full redemption feature which allows unitholders to redeem units of the fund at 100% of the average net asset value, based on the three trading days prior to the redemption date, less direct costs. For more specific details, please click here. Units of the EnerVest Natural Resource Fund may be redeemed daily at a redemption price of that day’s net asset value per share, provided that the redemption request is received on a valuation day prior to the valuation time. Otherwise, the redemption price will be the net asset value per share on the next valuation day.
