Canoe EIT Income 4.80 Cumulative Redeemable Pref shs Series 1 T.EIT.PR.A

Excuse my ignorance

[SadieLadyCO]

but, how does Canoe EIT pay the 10cent div every month. They have no income. Do they sell off some holdings. If so how long could they continue ?. Just asking not knocking

[itsnevertoolate]

Of course they have income...they invest very prudently and wisely into a variety of sectors and obviously do very well with their investments in order to be able to pay there own shareholders a very generous 10 cents on every share every month..they have never missed a payout so I don't think you have to worry about them...relax, sit back and enjoy the divvy!  Canoe EIT Income Fund

[Gord_Alberta]

1) Most of the companies they hold have monthly dividends. 2) Eit.un uses leverage 3) The individual companies they hold have a great history. Their #1 holding is Touramile Oil. It was purchased below $20 a share; now above $75. It has paid 4 special dividends over the past year. 4) Other than that, your guess is as good as mine... And I have more than $400,000 invested here...

[Saint2709]

Most if not all of those dividends collected are allocated towards the canoe prefferd shares, and not towards the canoe unit shares.  Since canoe is actively managed and are constantly buying and selling shares within the portfolio, constantly taking advantage of selling overpriced or buying underpriced stocks the profits made are allocated towards the canoe units. And that is why our

[JerryJones2013]

I don't think you are correct on #1.  The yield is enhanced through a structured covered call writing program.