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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Comment by borne2runon Sep 05, 2014 3:01pm

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Post# 22910923

RE:RE:RE:RE:RE:RE:NAV

Some historical numbers.

1. Since 2007, the lowest recorded discounts (by year) were 4.6% in 2011 and 5.5% in 2012.
2. In every year since 2007, with one exception (2010) the discount narrowed to under 10% at some point during the year.
3. In 2010, the lowest discount reported was 10.6%.
4. YTD 2014, the lowest discount was 13.9%.
5. Average discount for 2014 is 15.9% (only 2008, at 17.7%, was higher)
6. During market corrections, the discount tends to narrow (yeah, real great news).
7. Current discount is 16.0% (as of yesterday).

I did not analyze NAV data prior to 2007.

I suspect the large discount over the past 12 months is due to the general move towards ETFs.

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