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 wewantprenupon Dec 04, 2014 5:22pm

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Post# 23197028

Downside/risks of EIT

Can someone explain the potential downside of EIT? It has committed to continue the monthly distributions through 2015. The cash redemption option based on NAV basically guarantees an additional return. The distributions aren't dividends which I understand but it's irrelevant for me since it's a registered account. At these prices aren't you basically guaranteed around 9.5% return for a year?

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