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 teeveeon Dec 10, 2014 12:19pm

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Post# 23215170

RE:SH price

gunzod wrote: SH price getting hit this am, not nice.

To be expected as there are significant energy sector holdings. The lower volitility is due to shareholders being restricted to a max of 10% redemptions/year. I believe there are some benefits in a down market because with other open ended funds where unit holders can redeem their units after the obligatory hold period, when unit holders hit the exits, the funds must sell what ever stocks offer liquidity to meet the redemptions. This usally puts pressure on the best assets within the fund, hollowing out value, sector balance and liquidity.....With EIT.UN, a more balanced portfolio is maintained and asset values recover more quickly......

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