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 > Dividends

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Comment by Gord_Albertaon Dec 18, 2020 1:34pm

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Post# 32141032

RE:RE:Dividends

My wife & I have the large majority of our TFSA's in eit.un; reinvesting monthly. The monthly tax-free income when we retire will be a nice bonus Presently hold more than $150,000 in my RRSP; growth is tax free - yet government will take its share when we withdraw.

Still need to plan the proper proportion to withdraw annually; to keep as much money in my pocket as possible. This is a good problem to have... ;-)

slst wrote: The funds long term performance is impressive. Great management of the portfolio with the discipline of High monthly distribution.

If you don't need the cash flow, simply automatically reinvest, no commission.
Averages out the buying price and the compounding effect is excellent.

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