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.

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Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1

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Comment by BuenaSuertaAtodon Sep 04, 2014 9:27am

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Post# 22904807

RE:RE:RE:NAV

I expect gap between SP & NAV to narrow. But I think it will be a slow process. CEFs have been out of favor - with active management often being viewed as a liability (as it can be). And EIT.un has been trading at a 15 to 17.5% discount for a long time. 2013 performance was poor - making the discount seem justified. But there is new management & 2014 performance has been good.

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