Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 T.EIT.P.A

Alternate Symbol(s): ENDTF | T.EIT.P.B | T.EIT.UN

Financial Services Asset Management

Canoe EIT Income Fund is a Canadian closed-end investment trust. The investment objective of the Fund is to maximize monthly distributions relative to risk and maximize net asset value while maintaining and expanding a diversified portfolio. The company invests in various sectors, of which Financials, Energy, Healthcare, etc.

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Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 > special distribution

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Comment by SusanBollandon Jan 14, 2022 1:09pm

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Post# 34317750

RE:RE:special distribution

GassXX wrote:

leo101 wrote: in the past i owned a lot of this when it was trading well under the net asset value but sold most when the discount disappeared and only kept a few thousand shares as a souvenier. it was fun submitting my shares for redemption each year, only a small percent were redeemed but it was an easy 10 percent profit and gave me something to look forward to when the results of redemption were announced.

there has always been a large amount of return of capital in the tax statement and i'm sure the figure will be in excess of 44 cents this year so all the hysterics on this board are probably much ado about nothing. the management fees were lowered several years ago and now they are in line with an actively managed etf so it's a good option to etfs. i've held it so long that all the return of capital over the years has made my adjusted cost base is very low and that Ahole trudeau would get a good chunk of any proceeds if i sold out the remainder of my shares.

Leo makes some excellent points