Bullboard - Stock Discussion Forum 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

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.

Add To Watchlist

TSX:EIT.P.A - Post Discussion

Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 > MId day update

View:

Post by Golferman on Jul 05, 2022 1:04pm

MId day update

1:00 pm .... EIT portfolio now @ - 4.31% Thi puts the NAV @ $ 12.43

WOW huge hit today with the drop in OIL Price

200

Comment

Comment by 1condor on Jul 05, 2022 4:40pm

I have been adding on this weakness. Very handsome divvy.

106

Comment

Comment by Sirlostalot on Jul 05, 2022 9:13pm

Hello Golferman, you seem to have a pretty good grasp on this fund , when you say it is down 4.31% at 13:00 but when I check on Globe/BNN it is down ~1.80 do you mean the underlying holdings are actually down 4.31 ( which makes sense due to CNQ, CVE etc) compared to the fund itself ? If so what explains the discrepancy ? Appreciate any insight

166

Comment

Comment by Golferman on Jul 11, 2022 7:00pm

Sirlostalot Yes I track all the EIT holdings as a group during the trading day. This allows me to know the NAV through out the day. Every night by 7:00 pm Canoe updates the NAV of EIT. Generally the share price will trade the next day @ .20 below the NAV. Golferman

192

Comment