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 securities of corporations, partnerships, or other issuers and such other investments as the manager may determine in its sole discretion from time to time. Canoe Financial LP is the manager and portfolio manager of the Fund.

TSX:EIT.PR.A - Post by User

Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1

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Comment by duskwon May 04, 2006 10:51am

481 Views

Post# 10790461

RE: Bought this for safety ?

The business fundamentals haven't changed. Many of the trusts in the portfolio are increasing their distributions (with the exception of Superior). But overall, the companies are doing very well. So, with the NAV and subsequent drop in unit value for EIT I just consider it a bargain. Sure it hurts to see your portfolio value loose money, but if you're in it for the long haul these day to day flucuations are inconsequential. And for those who buy frequently (or DRIP), these price drops are nice - more bang for your buck. This trust has posted heafty Y/Y returns for the past few years. It is only natural to have a mediocore year or even negative returns. You can't honestly expect 20% every year!

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