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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

TSX:EIT.PR.A - Post Discussion

Post by deisman03 on Jan 23, 2024 7:37pm

March 2020

I picked up 5K of EIT.UN commons back in March 2020 @ $5.50/unit. 

I remember feeling deflated the next morning when the price went down to almost $5. 

I was very tempted to jump out, because it was almost impossible to tell if the waterfall had hit bottom. 

I went against my GUT feeling and held onto those units and they have paid steadily ever since. 

I should mention, I alread had 5k units that I had purchased five years previously around $10. 

In 2020, no one knew what was going to happen, other than a very few insiders, or so the dark web says. 

I sold off 5k when the price hit $11 and used the money for other investing endeavors. 

This morning, I cashed out some of the others in banking, which may or may not be a good idea, to purchase another 5k of EIT.UN commons. 

Hopefully we won't lose much of our present capital. 

It's a steady payer and has an execellent record of paying. 

Will it remain a relatively safe haven??? We'll see. 

GLTA the good folks here
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