Bullboard - Stock Discussion Forum 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

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 > MId day update

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Post by Golferman on Jul 05, 2022 1:04pm

MId day update

1:00 pm .... EIT portfolio now @ - 4.31% Thi puts the NAV @ $ 12.43

WOW huge hit today with the drop in OIL Price

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Comment by 1condor on Jul 05, 2022 4:40pm

I have been adding on this weakness. Very handsome divvy.

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Comment by Sirlostalot on Jul 05, 2022 9:13pm

Hello Golferman, you seem to have a pretty good grasp on this fund , when you say it is down 4.31% at 13:00 but when I check on Globe/BNN it is down ~1.80 do you mean the underlying holdings are actually down 4.31 ( which makes sense due to CNQ, CVE etc) compared to the fund itself ? If so what explains the discrepancy ? Appreciate any insight

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Comment by Golferman on Jul 11, 2022 7:00pm

Sirlostalot Yes I track all the EIT holdings as a group during the trading day. This allows me to know the NAV through out the day. Every night by 7:00 pm Canoe updates the NAV of EIT. Generally the share price will trade the next day @ .20 below the NAV. Golferman

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