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 harbroon Feb 21, 2013 1:06pm

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Post# 21023525

RE: RE: RE: RE: RE: what am I missing?

I like Bronfman's closed end funds and DGS will work fine. Remember div's in this are all return of capital (ROC) so consider buying it in a non registered account - making all eventual gains taxable as capital gains vx div or interes. FFI.un is better for an RSP as it has low ROC. SBC and LBS are also all ROC with more concentrated exposure to banks and insurnace co's.

All are better than the EIT value trap imo

Caveats: Consider also all of these are NOT very liquid (not neccessarily a bad thing). If the combined total of the split components go below a certain level, dividends are automatically suspended. Reat the prospectus!

Hope this helps! GL

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