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.

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Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 > Registered accts and Tax free accts lose , benefit ???

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Post by bbzzzzon Dec 23, 2021 2:11pm

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Post# 34258762

Registered accts and Tax free accts lose , benefit ???

I cannot understand how this accounting "distribution " will result with no benefit to the above mentioned accounts if a "special distribution " has been declared .

I see the benefit of an increased adjusted cost in a non-registered account but why no provision for a "special Distribution" in tax free accounts? Is this a form of discrimination amongst account types ? A legal challenge ??
I feel this is a good question for Investment Relations . I have not seen this before it must be a new tax concept .....someone at CRA had their helmut on too tight !!

Seasons Greetings to all !!

tedz

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