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 > Excuse my ignorance

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Comment by Gord_Albertaon Jan 13, 2023 4:51am

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Post# 35220418

RE:Excuse my ignorance

1) Most of the companies they hold have monthly dividends.
2) Eit.un uses leverage
3) The individual companies they hold have a great history. Their #1 holding is Touramile Oil. It was purchased below $20 a share; now above $75. It has paid 4 special dividends over the past year.
4) Other than that, your guess is as good as mine... And I have more than $400,000 invested here...

SadieLadyCO wrote: but, how does Canoe EIT pay the 10cent div every month. They have no income. Do they sell off some holdings. If so how long could they continue ?. Just asking not knocking

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