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

Alternate Symbol(s): T.EIT.PR.B | ENDTF | T.EIT.UN

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 > Albertan Gord

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Comment by Gord_Albertaon Dec 30, 2021 4:39am

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Post# 34269952

RE:Albertan Gord

Right or wrong, I like this company for it's diversification PLUS the monthly dividends. And yes, I am now retired collecting CPP & OAS. My wife is 15 months away.

To cover our butt in case the market collapses, we have a years worth of necessary cash in my RRSP & my wife's investment account. If a stock drop occurs - we should be fine while still collecting dividends... Plus, using our TFSA dividends is just two years away...

The reason I hold cash is because the eit.un price is higher than it has been for a decade; which makes me nervous. This cash allows me to sleep comfortably...

MollyRJ wrote: I would never presume to tell anyone where to put their investments , especially their retirement money as l know you are close to that welcome event.

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