Canoe EIT Income Fund (EIT.UN.TO) Buy, Sell…

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Canoe EIT Income Fund (EIT.UN.TO)

17.80

+0.10 (0.56%)

as of Aug 21, 2026, 8:00:00 pm Market Open.

149 watching

Investor Insights

Aug 23, 2026, 12:00 am

This summary was created by AI, based on 1 opinions in the last 12 months.

Canoe EIT Income Fund (EIT.UN-T) is viewed positively by industry experts, who highlight it as an excellent basket of dividend payers in both Canada and the US, featuring a significant allocation of nearly 30% in energy-related stocks. While the fund offers a high yield, experts caution that a portion of this yield may be classified as return of capital (ROC), potentially making the yield appear more attractive than it actually is. Nonetheless, the consensus is that the capital should remain stable as long as the underlying stocks perform well. Experts also point out that market volatility could pose a potential risk. Overall, Canoe EIT Income Fund is well-managed with a strong track record, making it a noteworthy investment option for those interested in dividend income.

Consensus

Positive

Valuation

Fair Value

Similar

CCL.B

COMMENT

Single largest closed-end fund, which invests predominately in income trusts. Trading at a significant discount to its NAV. Distribution they pay is probably more than they earn internally so there is a potential of a distribution cut.

DON'T BUY

A diversified portfolio of income, royalty and real estate investment trusts. Are you better with this is a package or buying the individual parts on your own? He would prefer the latter route.

BUY

Probably selling at a fairly reasonable level right now. Debt is not significant in this company.

PAST TOP PICK

(A Top Pick July 26/05. Down 17%.) Was a conservative (?) pick at the time and was a basket of income trusts and of course income trusts got hit hard. The worst could be over, but this is diversified, so you are not taking as big a hit as you would with one trust.

TOP PICK

Not an income trust guy, but has been watching investors buy non-diversified cyclical industries accepting a 4/5% yield. This one has no analyst coverage yet it's $1.5 billion. 10% yield with a diversified portfolio.

BUY

Like all of them, it's at the top of it's range right now. Just made an arrangement with Avenir (AVF.UN-T) to sell all their joint venture interests. Doesn't expect you can do too badly with it right now. Has a sound group of assets.

BUY

A nice little diversified income trust. Pays a 9%+ distribution. Did a rights issue earlier this year to expand their assets. Slow and steady. Very well managed.

BUY

A trust of trusts. Has done an outstanding job over 4/5 years of paying out monthly distributions. A Rights Issue will allow and increase of holdings. Broadly diversified.

BUY

Good management. Has done really well, but partially reflected by the fact that oil/gas has done quite well. A reasonable yield.

DON'T BUY

Believes they are paying out capital gains to fund a portion of their distributions. Caution.

BUY

Has long reserves. Professional management.

HOLD

Valuation is OK, but concerned about commodity prices.

DON'T BUY

Fairly good yield, but prefers owning individual trusts.

Showing 16 to 28 of 28 entries

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Canoe EIT Income Fund (EIT.UN.TO)