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 Stoogeon Feb 16, 2011 12:26am

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Post# 18140961

Warrants Offering

Looking at the prospectus that has arrived by mail I see we can turn in a warrant to buy a unit at $15.27 before Sep 11. Perhaps I'm missing something.

The highest the units have traded for is 15.12 .... so unless the stock market keeps moving up to somewhat above 15.27, why would anyone buy treasury units via this offer. In addition the warrants are trading at 20 cents. I don't get it.

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