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Bullboard - Stock Discussion Forum Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 T.EIT.PR.A

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

Financial Services Asset Management
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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Post by SadieLadyCOon Feb 03, 2023 12:54pm

Got more at $13.55

Nice price even if the NAV is lower. All in all the divy is what is GREAT. I pull in just over $950 a month. AND if it drom below $13.25 I will buy more
246
Comment by 1condoron Feb 02, 2023 1:57pm

RE:Curious Again

Looks like the dip in the oil and gas sector has taken a little wind out of the EIT. Looking to add more on the dip.
137
Discussion
Comment by SadieLadyCOon Jan 26, 2023 12:14pm

RE:WOW

Unless the frund is running short
154
Discussion
Post by SadieLadyCOon Jan 25, 2023 6:43pm

WOW

almost 40 cent diffrence between NAV and price...lowest I have ever seen...What a steal.
281
Discussion
Comment by DanielDarden123on Jan 22, 2023 1:23pm

RE:Curious Again

The ATM is an alternate method of raising capital by an issuer. After approval, the issuer CAN sell units through the market or choose not to. Because the asset manager receives a fee of 1% of the ...more  
294
Discussion
Post by SadieLadyCOon Jan 21, 2023 7:30pm

Curious Again

The fund may have been running low on paying out the div mthly. That is why the had to sell more shares ATM. It is curious because a closed end fund normaly and only issue share in the fund at the ...more  
491
Discussion
Comment by JerryJones2013on Jan 19, 2023 4:37pm

RE:RE:Excuse my ignorance

I don't think you are correct on #1.  The yield is enhanced through a structured covered call writing program.
174
Discussion
Comment by Saint2709on Jan 18, 2023 9:55am

RE:RE:Excuse my ignorance

Most if not all of those dividends collected are allocated towards the canoe prefferd shares, and not towards the canoe unit shares.  Since canoe is actively managed and are constantly buying and ...more  
311
Discussion
Comment by Gord_Albertaon Jan 13, 2023 4:51am

RE:Excuse my ignorance

1) 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 ...more  
393
Discussion
Comment by itsnevertoolateon Jan 11, 2023 2:11pm

RE:Excuse my ignorance

Of course they have income...they invest very prudently and wisely into a variety of sectors and obviously do very well with their investments in order to be able to pay there own shareholders a very ...more  
342
Discussion
Post by SadieLadyCOon Jan 10, 2023 1:29pm

Excuse my ignorance

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
428
Discussion
Comment by gordo323on Jan 02, 2023 12:11pm

RE:RE:RE:WOW 9.1% yeild

Sadie don't pay any attention to the soft bashers this is the most well run fund  out there.I recieve $.10 per month per share and have done for 10 years. I will post part of the news clip ...more  
332
Discussion
Post by SadieLadyCOon Dec 30, 2022 8:34am

Closed End

I thoght that closed end funds offer up stock at the begining, if so why would the have needed to sell/offer another 650,000 thousand shares (ATM), like any other stock. 650000 more share cost the ...more  
278
Comment by SadieLadyCOon Dec 29, 2022 11:38am

RE:RE:WOW 9.1% yeild

I agree it may drop more. Better deal but, 9% Yeild not to bad. I will buy more if it drops further and it just might I agree. Cash is king but, not if it's doing nothing
176
Discussion
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