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

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

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.

TSX:EIT.PR.A - Post by User

Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1

Bullboard Posts

Comment by duskwon Oct 17, 2007 12:35pm

230 Views

Post# 13588223

RE: Exchange offer accretive?

I think the net effect after the exchange offer is out of the way will be: 1) A slight decrease in the NAV/share. Say, $7.10 to $7.00 2) A slight increase in the SP discount to NAV/share So, right now we're at say 6.00/7.10 = ~14 discount. I think that discount will drop to 12%, resulting in a share price of $6.16.

Bullboard Posts

Victoria Gold: No cyanide detected downstream since mine incident