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 > is a non-cash distribution good or bad for the share holder

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Comment by Toppicks1on Dec 23, 2024 8:21pm

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Post# 36375852

RE:RE:RE:is a non-cash distribution good or bad for the share holder

Toppicks1 wrote:
wolverine99 wrote: No experience with this, I am a holder in my RRSP. It says the Adjusted Cost Base of your holdings will increase so to me that would indicate if you sell out in a non Registered Account your Capital Gain should be less. Not sure of the tax implications of that adjustment.

It's a nothing burger.. no new shares for holders. Your cost base will go up if it 44 cents ok very nice if you sell you pay less on a capital gain.... if in a TFSA means nothing....

I say it means nothing because I'm not selling... do not hold this in TFSA."

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