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

Alternate Symbol(s): T.EIT.PR.B | ENDTF | T.EIT.UN

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 > Eit trading at a Discount - 30 to 40 cents.

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Comment by Gord_Albertaon Nov 15, 2020 2:39pm

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Post# 31903434

RE:RE:RE:Eit trading at a Discount - 30 to 40 cents.

I own common shares paying a monthly dividend of $0.10... Which is more than 12% annually at today's stock price.

EdPaquette wrote: Dividend is quarterly, right?

Gord_Alberta wrote:
Which is perfect; my dividends are buying more shares as I type. Since I have the monthly dividends automatically reinvested in more shares... ;-)

Other than guessing / gambling on individual stocks - this is much better than most mutual funds.