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

dividend safety in next upcoming bear market in next decade?

[Satman3]

The Canoe fund is 20% fixed income/cash. To me I would hope for a better return overtime longterm.  However,   One good aspect of this fund is the large amount of dividends and income produced so for someone that might want to create a cash flow system, this may be OK in a TFSA account in Canada

 

Say for example, you hold this in your TFSA. This will create a nice tax-free distribution on the funds overtime. While you are still working I would build up the assets and perhaps consider this fund as a cashflow vehicle. The only thing with this is that a large amount of the distributions is just return of capital, meaning a lot of the "income" is just the fund returning your cash. To me. I like to know from any audience here what are tools within canoe financial's resources to maintain the dividend for the next upcoming bear market in next decade?

It's a fair question as we close 2019 and enter a new decade.  Let's say another Global financial crisis emerges in 2022 as a matter of when.  Market drops 30% globally and job losses and equities lose 30%.  What are the impacts to EIT.UN portfolio and can they handle maintaining the dividend?  or will it cut?  How does Canoe financial manage this pressure and stress?  

I like to hear others thoughts as in life you prepare for the best and the worst!