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

RE: trading at 6.78; Nav at $7.70

[Ticker28]

This fund functions in this one aspect similar to a mutual fund. In no other way are they more similar then in the fact that as rights offerings are given more money is given the chance to enter the market. As more money enters the fund invests into its chosen portfolio and issues more of its EIT shares to the purchaser. Even thought their are more EIT shares outstanding, they have also increased their NAV by adding to their holdings. They arn't really diluting the shares in the sence that most people think, other then that sometimes the rights offerings are given at a bit of a discount. Ticker