Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 ENDTF

Primary Symbol: T.EIT.PR.A Alternate Symbol(s): 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 > My strategy...

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Post by Gord_Albertaon Jun 14, 2022 3:02am

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Post# 34754180

My strategy...

My wife and I hold this EIT in different accounts. Yet my RRSP has more than 16,000 shares owned at an average cost of $10 a share. The $0.10 monthly dividend means a 12% annual dividend. Which is higher than today's inflation rate.

This should not be a flip stock in anyone's portfolio. As a buy & hold DRIP stock, it has served us very well over the years!

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