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 > NAV now $10.98 and still trading at a Discount

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Comment by slston Mar 16, 2021 12:26am

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Post# 32805425

RE:RE:RE:RE:NAV now $10.98 and still trading at a Discount

Hi Gord: I for one think your strategy is very sensible. EIT has a much broader diversification and is considerably safer.

Eit has modest leaverage with Pref shares, while splits are "several times" higher, and therefore much higher risk and volatility in price.

EIT has NEVER, interupted its distribution, and is just as tax efficient as the splits. I love it.

Cheers!!!

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