RE:RE:RE:RE:RE:RE:RE:RE:I'm out for now. mouserman wrote: flamingogold wrote: Perhaps a split but what I meant is that unlike Brompton and Quadravest, Canoe doesn't specify a payment threshold to issue a distribution. In weak years they have just lowered the distribution and in strong years they issue a special year-end distribution. As far as I know, it has never been suspended like we often see with Brompton and Quadravest.
"How does the [Canoe EIT Income Fund] determine and support the distribution? Since inception, the Fund has determined the distribution amount and assessed its sustainability based on the return generated from a variety of investment sources, including portfolio dividends, interest, capital gains (both realized and unrealized) and return of capital. The current portfolio manager has employed a total return investment strategy that generally seeks to generate return from dividend growth securities. Record, payment and ex-distribution dates for each distribution will be provided via news release on a monthly basis."
Yes there are other split funds out there , PIC.a now from Mulvihill... has been around for a long time, used to be Strathbridge. They never missed a payment either, but did cut it in half or by 25% when things went sour. It is still considered a split fund even tho it pays QUARTERLY .
Definitely differences even between Quadravest and Brompton... and BK is one of Quadravest split funds, that has a threshhold for paying, but every month the amount is changed.
Lots of different split fund animals out there if you look hard enough. I only track some of Quadravest and Brompton for the most part. BUT i do like Eit.un and its diversity, it just doesnt pay a very high yield.
Yes only 9%. But every month. I really think you like the gamble of weather they will pay or not. Like one of your favs LFE has paid twice in 12 months. Do the math on that. By the way EIT.UN dies not go up and down depending on which way the wind blows that week. Each to their own. Canoe has made a lot of changes lately I expect a divi increase in the next 6 months. We will see.