Canoe EIT Income Fund Announces $300 Million Issuance of Preferred Units (opens in a new tab)
C$300 million private placement of cumulative redeemable Series 3 preferred units, led by National Bank Financial.
Investment Management
Employee-owned, Calgary-headquartered independent mutual fund company and manager of Canoe EIT Income Fund.
Canoe Financial is a private, employee-owned Canadian investment manager founded in Calgary in 2008, when it took over portfolio management of the closed-end Canoe EIT Income Fund (TSX: EIT.UN). It sells mutual funds and portfolio classes through advisors and says it manages over $24 billion, with offices in Calgary, Toronto and Montreal. Its in-house investment team (led by CIO Robert Taylor, with a Calgary energy team) is complemented by sub-advisors such as PineStone, Nalmont, Reams and Fiera Comox, and a large national wholesaling team makes sales one of the main entry routes.
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TSX-listed closed-end fund (EIT.UN) that Canoe was founded to manage in 2008; led by CIO Robert Taylor and funded partly through preferred units, including a C$300 million Series 3 issue in 2026.
Advisor-sold equity, fixed income, balanced and sector/specialty funds, including corporate-class (Portfolio Class) versions.
Calgary-led team of portfolio managers and analysts, including an energy team headed by David Szybunka; the CIO oversees strategy, the investment team and sub-advisory relationships.
Global and fixed-income mandates use partners such as PineStone Asset Management, Nalmont Capital, Reams Asset Management and Fiera Comox; PineStone and Nalmont replaced Fiera Capital on several funds by January 2025.
| Calgary | AB | headquarters |
| Toronto | ON | office |
| Montreal | QC | office |
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Calgary-based retail manager, which is rare: almost all Canadian fund companies are in Toronto or Montreal.
Energy and Canadian equity strength reflecting the regional base.
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President & Chief Executive Officer
Leadership
Co-founder of Canoe Financial with more than 30 years in financial services, including senior roles at major Canadian institutions. Frequent media commentator who says he has hired and mentored over 1,000 people, and mentors students and new industry entrants; based in Calgary.
Chief Financial Officer
Leadership
Joined Canoe at its 2008 founding as Director of Finance and Investor Relations and became CFO in January 2011. Earlier worked in accounting policy at Enbridge Gas Distribution, corporate reporting at Harvest Energy Trust and assurance at Deloitte; CPA, CA.
Chief Operating Officer
Leadership
Joined Canoe in 2015 and heads operations, covering client services, middle and back office and technology. Has over 30 years in Canadian financial services and sits on IFIC's Operations Working Group.
Senior Vice President & Chief Investment Officer
Investment
Joined Canoe in 2013 and is lead manager of Canoe EIT Income Fund and several equity and asset-allocation funds; as CIO he oversees the investment team and sub-advisors. Previously a VP and portfolio manager in Canadian equities at BMO Global Asset Management, earlier at CIBC World Markets and PwC; CPA, CA and CFA.
Senior Portfolio Manager & Managing Director, Energy Team
Investment
Leads Canoe's energy team; joined in 2011 after serving as head energy portfolio manager at Rayne Capital. CFA charterholder with long experience in energy equities.
Professional information only, drawn from official biographies and published reporting. BSO never lists private contact details.
C$300 million private placement of cumulative redeemable Series 3 preferred units, led by National Bank Financial.
Two funds renamed with 'Fundamental' branding; Canoe took sole management of the global balanced fund and raised the small/mid cap fund's foreign equity limit to 49%.
PineStone and Nalmont replace Fiera Capital on several Canoe global funds.
PineStone took direct sub-advisory responsibility for four global funds and Nalmont took over risk-management advisory, effective by January 10, 2025.
Canoe took over portfolio management of Canoe EIT Income Fund.
No sourced transactions or people moves for this firm. BSO publishes a fact only once it can attribute it to a named source, so these stay off the page rather than being filled in from inference. If you know something published that belongs here, it is the fastest way to get it added.
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Canoe Financial · Jan 27, 2026 · canoefinancial.com
Canoe Financial · Jun 10, 2025 · canoefinancial.com
Canoe Financial · Nov 7, 2024 · canoefinancial.com
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Canoe Financial · Date unavailable · canoefinancial.com
Canoe Financial · Date unavailable · canoefinancial.com
Canoe Financial · Date unavailable · canoefinancial.com
Bay Street Oracle · Oct 8, 2026 · intelligence.baystreetoracle.ca
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