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

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Post by goldeggson Sep 28, 2005 11:00pm

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Post# 9626284

Re: Selling - I'm back in for more

The EIT correction is in line with your concerns about high price. I originally purchased at $8.00 and bought some more after the recent drop. From what I can see this is one of the few trusts that can maintain or increase distributions - making slide to $7.50 less likely IMHO. It appears the managers are supporting the price at current levels. Just my reading - could be wrong - but I am happy with the 10+ percent return. Am hoping for an announcement of increased distributions. Best of luck

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