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 DanielDardenon Dec 24, 2024 3:14pm

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Post# 36376804

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

Essentially the manager gets to continue to charge management fees on the non-cash distribution because the taxes are paid by the unitholders rather than the fund and the cash remains in the fund. A more reasonable and equitable approach would be to provide enough cash to enable the unitholders to pay the additional tax. Of course, greed is the motivation.

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