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

RE:A Follow Up Question Asked ..... An Answer Given.

[slst]

I hope you appreciate the response to your question is NOT clear :

1.  The first part says that over 15 years the fund price is 50% lower.  That Ignores the fact the monthly distribution over that time is over 200% with minimal income tax impact.  

2.  Then, to be fair it says:  The annual return in its recent 5 years is 14.8% annualized including monthly distribution.  That has to be fantastic performance.

3.  XIC ETF is great but the comparison is totally inappropriate.  Once again, it ignores that EIT pays significant tax preferred distribution that if were reinvested would have exceeded the returns of XIC.  You can check this yourself with Stockhouse charts.  These are "total return" graphs that factor in the distributions/dividends.

All the best in your investing.  I do like EIT's dicipline of pay a large monthly distribution and have been adding to my investment over 20 years.  Have always regretted selling portions from time to time and have bought back after misadventures.