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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Post by ace1mccoyon Apr 23, 2021 2:45pm

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Post# 33056513

Question Asked ... Opinion Given

Question: Want to know your opinion on this company, do you consider this as a good income for the ling terme?

Answer:

Over the years, EIT has done a good job at maintaining their asset value while paying out a high distribution, so for income purposes, we would be fine with EIT. The portfolio itself is well diversified but with a concentration on financials and larger-cap names in Canada and the US.

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