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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
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Comment by CrashLandingon May 12, 2020 4:30pm
344 Views
Post# 31019081

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Does this fund always pay?

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Does this fund always pay?You are not necessarily correct in your interpretation of ROC.  ROC can result when a fund returns the non-taxable portion of capital gains it has generated in managing the funds investments to investors.  The fund is a trust and generally applies its expenses against those types of income (i.e., interest) that are taxed at the highest tax rates, leaving the remaining lower taxed forms of income (i.e., taxable capital gains and ROC) for distribution to unit holders.
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