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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

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

Post by CountryBoy69on Mar 23, 2023 1:09pm
616 Views
Post# 35356646

Admit my mistakes

Admit my mistakesI have followed this one for quite sometime but only a week ago decided to pull the trigger, what a mistake. I sold an American based ETF as l thought the unrelentless Fed rate increases would punish it. Well l was wrong , that ETF has risen by over 4% while EIT has dropped about 3%. This despite both the US and Cdn markets rising of late. Highly disappointing and the yearly dividend doesn't remotely cover the recent 2 week loss. Live and learn , l will hold for the present and l expect to receive some negative feedback but l think l learn or hope l do from errors in judgement. This one is history as soon as reasonably possible. Like within days. Good luck Gord from Alberta as l see you love this one.

 

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