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

special distribution question?

[greenland]

I emailed the company and that was the response! 

Thank you for your email.

 

The special distribution is paid as a notional distribution.  You will not see an increase in your units or cash.  You will see an increase in the average cost of your units once your broker processes the information and the distribution.   This may take a few weeks before you will see the increase.

 

Regards

 

[EdPaquette]

Most useless dividend i ever heard of.  Load of b.s.

[Cheadle12]

What does this even mean?  I hold some of these units..expected to see a .44c special distribution, as promised by them on Jan 13th.. nothing.. just ther regular monthly. What's the deal with these clowns?  they said they'd pay .44c for every unit... now they say there is no cash paid out nor increase in your units?  

[deisman03]

If they're going to apply this to our unit cost, it's more like THE UNIT HOLDERS ARE BEING FORCED TO PAY THEM A SPECIAL DISTRIBUTION.  I have a feeling the Securities folks are going to be looking closely at this one??? You will see an increase in the average cost of your units once your broker processes the information and the distribution.