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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

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

Post by dutchdreamon Jun 23, 2015 1:35pm
412 Views
Post# 23860023

Morning star rating !!

Morning star rating !!Thanks teevee,Always very important when insiders own a lot of units/share of their own company !
They will put in a lot of effort and work harder to sustain the yield and keep the company succesful.
Also compared to most mutual funds I like this yield a bit better, even when the unit prce goes down a bit you still have a nice yield !! 
The Morningstar Quantitative fair value is 13.59 cad as of today,so still undervalued a bit!!
But you're right "when the tide goes out all the boats go down"
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