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

Bullboard Posts

Comment by Kdawg51on Jun 02, 2019 6:58am

167 Views

Post# 29791984

RE:Another offering?

This is actually a good time to do so. The trend has seen the share price rise, then dilute, then rise, then dilute, etc. I would say this is a cash accumulation during a period of volatility that they jnow wont last forever. So build a cash position for when either the volatility subsides, or the market crash happens and then you have a lot on hand to expend. These steps should bring a little more growth to the mix on a longer term horizon of 2+ years. Remember this fund is around until roughly 2050. They are playing a long term game.

Bullboard Posts

Paramount Resources signs $3.32 billion asset sale