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

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Canoe EIT Income Fund (EIT.UN.TO)

17.22

-0.04 (0.23%)

as of Jun 10, 2026, 8:00:00 pm Market Open.

150 watching

Investor Insights

Jun 10, 2026, 12:00 am

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

Canoe EIT Income Fund, designated by the symbol EIT.UN-T, is regarded as a strong investment opportunity for those seeking dividend income from a diversified basket of payers in both Canada and the United States. The fund has a significant allocation of nearly 30% in energy sectors, contributing to its high yield. However, some experts caution that a portion of this yield may be return of capital (ROC), making it a somewhat misleading indicator of true income. The expectation is that as long as the underlying stocks perform well, capital erosion is unlikely. A key risk factor is the potential impact of a market downturn, which could affect overall fund performance. Overall, expert reviews highlight decent management practices and a solid historical track record, indicating ample confidence in the fund's ability to navigate market fluctuations.

Consensus

Positive

Valuation

Fair Value

Similar

GGL.UN

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.

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Canoe EIT Income Fund (EIT.UN.TO)