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Bullboard - Stock Discussion Forum Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 ENDTF


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

Canoe EIT Income Fund (the Fund) is a Canada-based closed-end investment trust. The investment objectives of Fund are to maximize monthly distributions relative to risk and maximize net asset value, while maintaining and expanding a diversified investment portfolio, primarily through acquiring, investing, holding, transferring, disposing of or otherwise dealing with or in equity and debt... see more

Bullboard (TSX:EIT.PR.A)

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Comment by DanielDarden123on Apr 12, 2022 1:33pm

RE:RE:How is the "special distribution" (.44 ) to be treated in

For non-registered accounts, the ACB will need to be adjusted upwards to reflect the payment of a traditional or notional distribution. (From Canoe’s website) Please disregard my previous post. It ...more  
Comment by DanielDarden123on Apr 12, 2022 12:49pm

RE:How is the "special distribution" (.44 ) to be treated in

My understanding is that the ACB would “decrease” by that amount. Essentially it increases your capital gain when you sell the units. However, NAV is maintained because the fund does not pay any tax.
Post by bubba9on Apr 12, 2022 11:48am

Is EIT.UN Halted ?

I entered at trade at the ask and it didn't fill etc.
Post by bbzzzzon Apr 11, 2022 12:50pm

How is the "special distribution" (.44 ) to be treated in

the future ? It is taxable this year in taxable accounts as a capital gain but my understanding is that it may increase your adjusted cost base ( .44 ) in the future upon a selling of the units . I ...more  
Post by leo101on Mar 30, 2022 12:11pm

t3

i received the eit.un t3 this morning and almost all the income is capital gains.  basically the same as return of capital with the only difference being the tax gets declared this year rather ...more  
Comment by gleninaghon Mar 28, 2022 2:52pm

RE:Good stock to own as rates rise

Agreed.... i have been in this one since it was at about $9.00. Nice returns, safe haven for retirement funds, well managed  outfit. Will be adding shortly, once one of my other  inventments ...more  
Post by apollojeticon Mar 25, 2022 1:33pm

Good stock to own as rates rise

Proven management. Great diversified stock holdings including Berkshire Hathaway. And a great yield. No dividend reduction during one of the most turbulent times ever in the markets for the past 2 ...more  
Comment by Joe455on Mar 24, 2022 2:01pm

RE:RE:RE:EIT.UN top pick again for Sarge and Leo

Sarge and Leo really know their stuff.
Comment by Golfermanon Mar 08, 2022 5:39pm

RE:NAV presently over $14

Yes.... also presently trading at a good discount to NAV
Post by Gord_Albertaon Mar 06, 2022 3:38am

NAV presently over $14

As far as price appreciation goes; there is room to grow...Overall, a very safe stock to own. Dividend yield is just under 9% for new investors...
Post by Saint2709on Feb 04, 2022 3:07pm

Phantom distributions

https://www.theglobeandmail.com/investing/education/article-phantom-distributions-are-back-with-a-vengeance-and-potential-tax/
Post by Gord_Albertaon Feb 03, 2022 12:45am

NAV is now $13.70

I expect a decent jump in price Thursday...
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