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 > My strategy...

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Post by Gord_Alberta on Jun 14, 2022 3:02am

My strategy...

My wife and I hold this EIT in different accounts. Yet my RRSP has more than 16,000 shares owned at an average cost of $10 a share. The $0.10 monthly dividend means a 12% annual dividend. Which is higher than today's inflation rate.

This should not be a flip stock in anyone's portfolio. As a buy & hold DRIP stock, it has served us very well over the years!

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