Bullboard - Stock Discussion Forum 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... see more

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Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 > Special distribution

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Post by lgross100 on Jan 02, 2022 11:52am

Special distribution

I know there was one person who said the .44 will not be cash or shares to us, but rather affecting average cost base. Then why does EIT Canoe say the word pay and paying twice in their statement from Dec 22?

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Comment by Gord_Alberta on Jan 02, 2022 6:23pm

I have been waiting for a clarification news release; suspect everyone was on Christmas holidays. EIT responded to me in writing (email) that there is no cash dividend (or shares)...

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Comment by SuperDude2 on Jan 03, 2022 2:15pm

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Comment by Jtpatrol1 on Jan 03, 2022 3:53pm

Maybe just stick to GIC'S there Trevor

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Comment by Scarlada1 on Jan 04, 2022 3:59pm

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Comment by Scarlada1 on Jan 14, 2022 1:36pm

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Comment by Jtpatrol1 on Jan 15, 2022 4:42pm

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Comment by Scarlada1 on Jan 18, 2022 6:05am

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Comment by Jtpatrol1 on Jan 19, 2022 1:57pm

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Comment by Joe455 on Jan 03, 2022 3:59pm

Trevor, you hate EIT and EIT hates you so please do everyone a favor and piss off.

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Comment by bcsc on Jan 04, 2022 2:22pm

A serious rethink is indead in order, but not so much what securities you hold but where you hold them. Like many Canadians I was/am a low/middle income earner who did my duty and contributed to my RSP each year. It was only when I began planning my retirement and helping my aged mother with her taxes that I realized the full cost and limited benefits of Registered accounts. The benefit of holding ...more

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Comment by Gord_Alberta on Jan 04, 2022 6:29pm

Agreed; when I was in my mid-50's, all I chose to invest in was TFSA's. I actually withdrew money from my RRSP's & transferred the "so called profit" there... Short term pain for long term gain. Now 50% of my dividends are coming from my TFSA. Hopefully the federal government does not change the rules to punish my decision.

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