What is EIT’s Value Enhancement Plan (VEP)?
The VEP is a series of strategic and operating initiatives for EIT designed to increase long-term, sustainable value for the benefit of all EIT unitholders. The initiatives are: • The addition of the voluntary annual capped redemption feature to provide additional flexibility to unitholders by offering an alternative method of disposing of units in addition to selling them on the TSX. • The ability for EIT to split or consolidate units, which occurred in April 2009 on a three for one basis, to allow the Manager flexibility to ensure that the trading price per unit of EIT is optimal in the market for unitholders to make purchases. • To amend investment management restrictions, to provide additional flexibility for EIT to meet its overall investment objectives by allowing it to invest in a broader range of investments and utilize other investment opportunities. The VEP was announced in February 2009 and a Special Meeting was held whereat Unitholders overwhelmingly voted in favour of all
