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

WOW NAV at $12.56

[SadieLadyCO]

the stock at $12.21...Largest or one of thr largest spread's...35c

[Sirlostalot]

Hello SLC , just wondering what the use of the NAV is and how the retail investor would ever.  realize this price ?  the year end cash out option has a fee attached that would negate some or all of the Increased price and any day to day transactions are at market price , you seem to follow this fund closely , have you got any thoughts with regard to recent share price action ? I have

[SadieLadyCO]

Ireally dont have anymore info than what anyone on this board can find. I know they have moved a lot of holdings from OIL/GAS to other sectors and those sectors are doing very well. I have know idea though why the large GAP between the NAV and the price. As far as I can see the current price is a steal at $12.23..Thats a 10% yeild....WOW

[Sirlostalot]

Thanks , hopefully better days ahead.

[1condor]

I disagree.This ETF is not doing well and from what I can tell they were out of the oil and gas sector before the ETF started rolling over. Seems to me like they may have jumped into the wrong sector (maybe loaded up on financials too early?). I will continue to monitor and see what transpires over the next several weeks.  

[CountryBoy69]

Sadie , no doubt the yield is good but it's not10% and if you go back in history of the ETF it once paid 21 cents per month reduced it to 15 cents per month and now 10 cents despite the fact that when that reduction happened about 14 years ago the market was much lower. Nothing wrong with been a cheerlady but facts are facts and that is undisputable.

[colucci]

it paid 15 cents for 4 months after payer two months of 5 cents and years of 7 cents. stop lying with an agenda.