Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 T.EIT.PR.A

RE:RE:Jen9

[Kdawg51]

1. ROC: I would suggest only really using this stock in a TFSA. The ROC over time will kill you in taxes if you hold for the long term. 2. I absolutely sleep at night. In fact, i bought into this largely in the $11.80 range back in February 2018 (roughly). My average cost is now around $11.53 (i track it as if i did not get my ROC) and despite its current share price i am still up over 7-8% when you include dividends. They diluted the NAV earlier this year with a few added offerings which took a toll on the share price but given the track record here I know it will move back up over time to a point where my market value will be positive. 3. MER used to be higher than it is now. They reduced it earlier this year. Given the reliability of the dividend I dont have any heartache with it. In comparison it is likely on par for an actively managed Closed-End Fund. 4. I am planning on buying another large chunk over the next 12 months to boost my DRiP. For me, this will be a CEF I will hold until it dissolves, which i believe is the uear 2050? I forget exactly...

Satman3 wrote: thx for your input trevor.

i like the dividend and consistency for eit myself but was wondering your view on a couple details as mentioned by jen.

-EIT's"return on capital" is quite high, are u investing in this stock in a non-registered account? basically you getting most of your own money back.  My thinking here is if ROC continues to go up the share price chips lower over time.  

-EIT's low over the last 3 yrs was $9.50 (dec 2018) and as high as $11.50.  as an investor, do u sleep at night with this level of volatility?  i'm thinking the volatility should be lower given the billion dollar size? 
-how has the MER been in terms of the fees for this fund?  and where does it rank with comparables etfs or funds? just wanted your 2 cents.

appreciate anybody's response on these 2 pts above or if they looked at these concerns yet?
satman