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

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

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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Post by bjbearon Nov 13, 2006 9:22am

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Post# 11668931

EIT.UN has many advantages as a trust

EIT.UN has the following advantages: -great diversification in may different trust areas -very liquid for trading -high yield at 15% -large discount to book value(trust used to sell at book value) -good holding in REITS which are not subject to new trust rules -NCIB in place as of Sept.22/06(are mgrs actually buying back?) For all of the above reasons I have been buying in again at these prices. Has anyone talked to management to see what they are doing lately? I would be interested in any feedback. I would be curious about their cash position if any to pick up underpriced trust units?

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