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SLAM DRILLS MORE COPPER MINERALIZATION AT GOODWIN (click to learn more)
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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 > Excuse my ignorance
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Comment by Gord_Albertaon Jan 13, 2023 4:51am
374 Views
Post# 35220418

RE:Excuse my ignorance

RE:Excuse my ignorance1) Most of the companies they hold have monthly dividends.
2) Eit.un uses leverage
3) The individual companies they hold have a great history. Their #1 holding is Touramile Oil. It was purchased below $20 a share; now above $75. It has paid 4 special dividends over the past year.
4) Other than that, your guess is as good as mine... And I have more than $400,000 invested here...

SadieLadyCO wrote: but, how does Canoe EIT pay the 10cent div every month. They have no income. Do they sell off some holdings. If so how long could they continue ?. Just asking not knocking


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