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 > This is a mutual fund!

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Comment by EdPaquetteon Aug 18, 2021 7:23pm

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Post# 33728046

RE:RE:RE:This is a mutual fund!

If you went a year without any dividends, that's on you. I went a couple of months in spring 2020, then regrouped. When people ask me about investments, and have no money I tell them to buy mutual funds. So mutual funds are for beginners. I had a mutual fund sales licence and lived off the commission. I know the loads.

Gord_Alberta wrote: I hold some split funds also; went a year without receiving a dividend; although the split fund dividend is now 18% versus EIT's 10%... EIT has always paid the monthly dividend...

Your point is?

EdPaquette wrote: And tell me why it's a bragging point to be a mutual fund? High fees and low yeild compared to split funds?