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 slston Dec 30, 2024 10:04pm

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Post# 36381772

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

Actually, with due respect, that is not a fair statement. Through thick and thin over 2 decades they have distributed CASH monthly and in some years almost completely TAX FREE". I got back my Original investment in distributionns over 10 year ago and am still collecting monthly cash.

This is my BEST long term investment in terms of reliable monthly cash distribution, income tax efficiency and overall % return on investment. The managers, not too long ago permanently REDUCED their annual management fees. Now THAT EARNS both my Respect and Admiration.

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