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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

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
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Comment by Gord_Albertaon Apr 02, 2020 3:20am
321 Views
Post# 30870962

RE:RE:EIT Income Fund Update from Management...

RE:RE:EIT Income Fund Update from Management...Great in theory - yet reality is different. As of February 28, 14% of holdings were in cash. Not sure if you know, distributions are paid from cash! They have enough cash to pay monthly dividends for a decade...

Not only that - the NAV is 12% higher than the share price. Lots of wiggle room during this economic panic. I am not worried...

TheeRook wrote:  Which means as long as there is a recovery the Fund can pay the distribution. If they can not pay the distribution,  fund will be closed.


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