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

RE: RE: RE: RE: RE: Special meeting received with

[OptsyEagle]

Now I know why the discount in this thing is so high.  The people that own it know nothing about what they own.  Two things.  The share price is almost irrelevant, except for  Phoenix's correct post on the fact that a higher share price will keep people using margin from selling EIT to buy some other diversified fund for the only reason that it trades above $5.  At the end of the day, the fund pays out its yield from its holdings, which are unaffected by rollbacks, forwards or any other direction.  Secondly, the price of the fund would not go to zero if it cut the distribution to zero, because someone would want those valuable companies it owns and buy up every share you were selling long before that level.  I would buy them all at around $.01 if no one else stepped in.

People, stop worrying about what price EIT needs to get to so that you can get out.  If this is your plan, just get out.  It most likely is never going there anyways, at least not for a long, long time.

For the rest of you, EIT is a diversified fund of many income oriented businesses that currently has decided to pay $0.05 per share but may someday pay more or less.  If you like this investment program then you should stay in, if you don't then the market is open on Monday.