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 BuenaSuertaAtodon Sep 06, 2014 8:40am

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Post# 22912322

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

Very interesting numbers. Money has been leaving actively managed funds in favor of ETFs - so that must contribute to the discount to NAV. But some closed funds continue to trade at premium & very few have a discount as large as EIT.un.
So I suspect that something else is also a factor. And I don't see any reason that such a large discount should persist when the fund has been performing as well as it has.

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