Buy, Sell or Hold: Canoe EIT Income Fund (EIT.UN-T)

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Canoe EIT Income Fund (EIT.UN-T)

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TSE:EIT.UN

14.87

0.01 (0.07%) 1d

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Investor Insights

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

Canoe EIT Income Fund, trading under the symbol EIT.UN-T, is gaining attention for its strategy of focusing on income generation through a diversified portfolio of common stocks, including prominent U.S. companies. There is a sense of uncertainty among experts regarding its long-term performance, but its recent success has been encouraging to some investors. The emphasis on income suggests that it may appeal to those looking for reliable cash flow, particularly in volatile market conditions. With its current trajectory, it appears to be a viable option for income-focused investors, even if opinions on its future direction vary. Overall, Canoe EIT Income Fund seems to balance risk and return by being anchored in stocks of established firms.

Consensus

Positive

Valuation

Fair Value

Similar

Vanguard Total Stock Market ETF, VTI-N

COMMENT

It is a basket of common stocks including big U.S. companies. He is not sure about it but it is doing well for the caller. Income is the focus.

WEAK BUY

Does not like closed end funds due to pricing details. Nature of fund can cause big price gyrations. Is a good vehicle for income otherwise.

HOLD

Good way to allocate capital. It's fine. Funds are not really his style. You can continue to hold it.

COMMENT

Not a fan of closed fund since the underlying securities will deviate from the net asset value of the fund. There are big dislocations. Underlying holdings are good quality companies. On a weighted basis, the yield is 3%, but the fund is paying 8%. This comes from the capital gains. It is not pure yield.

Unspecified

Are dividends safe? He can't see the underlying companies from his terminal and apologizes for that. If good underlying companies, dividends are relatively safe. If engineering of distribution yields, he would be concerned.

COMMENT

Pays an 11% dividend yield. How are they paying that? They probably hold a lot of Canadian infrastructure but those stocks pay only 3-4%. The US component is also dragging down that yield. There's a mismatch here in holdings vs. the 11% yield. The total return will probably be 5-7%, but the high yield will limit share performance. This is a warning. Look at their top holdings and see how you feel about that.

COMMENT

It's a preferred share ETF. It provides income. It's a hybrid between a stock and a bond. This gives you a good position in a Canadian taxable account.

DON'T BUY

He is quite indifferent to this one currently. Looks fairly extended from his point of view. Also, in another year or so, income trusts will have to convert and there could be some concerted selling when they cut distributions.

COMMENT

Hasn’t looked at this for a while but it has come off considerably. Vulnerable to the price slide of the underlying commodity. Appropriately priced and he would need a reason for it to go up.

BUY

A diversified trust mainly made up of income funds. Do a reasonably good job. A good, conservative, diversified way to play the income game.

WAIT

(Market Call Minute.) Likes it but there are others he likes better.

SELL

(Market Call Minute.) You have to be very careful with this one. A lot of other stocks out there so he would sell and move to others.

WEAK BUY

A diversified trust. Large exposure to REITs and to oil and gas. These things typically trade at a discount to their net asset value.

SELL

The management company was recently sold. It has to re-invent itself.

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.

Showing 1 to 15 of 27 entries

Canoe EIT Income Fund(EIT.UN-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Canoe EIT Income Fund is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Canoe EIT Income Fund(EIT.UN-T) Frequently Asked Questions

What is Canoe EIT Income Fund stock symbol?

Canoe EIT Income Fund is a Canadian stock, trading under the symbol EIT.UN-T on the Toronto Stock Exchange (EIT.UN-CT). It is usually referred to as TSX:EIT.UN or EIT.UN-T

Is Canoe EIT Income Fund a buy or a sell?

In the last year, there was no coverage of Canoe EIT Income Fund published on Stockchase.

Is Canoe EIT Income Fund a good investment or a top pick?

Canoe EIT Income Fund was recommended as a Top Pick by on . Read the latest stock experts ratings for Canoe EIT Income Fund.

Why is Canoe EIT Income Fund stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Canoe EIT Income Fund worth watching?

0 stock analysts on Stockchase covered Canoe EIT Income Fund In the last year. It is a trending stock that is worth watching.

What is Canoe EIT Income Fund stock price?

On 2025-04-25, Canoe EIT Income Fund (EIT.UN-T) stock closed at a price of $14.87.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Canoe EIT Income Fund (EIT.UN-T)

TSE:EIT.UN

Canoe EIT Income Fund(EIT.UN-T)

Canoe EIT Income Fund(EIT.UN-T)

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Canoe EIT Income Fund(EIT.UN-T)

Canoe EIT Income Fund(EIT.UN-T)

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Canoe EIT Income Fund(EIT.UN-T)

Canoe EIT Income Fund(EIT.UN-T)

Canoe EIT Income Fund(EIT.UN-T)

Canoe EIT Income Fund(EIT.UN-T)

Canoe EIT Income Fund(EIT.UN-T)

Canoe EIT Income Fund(EIT.UN-T)

Canoe EIT Income Fund(EIT.UN-T)

Canoe EIT Income Fund(EIT.UN-T) Rating

Canoe EIT Income Fund(EIT.UN-T) Frequently Asked Questions

What is Canoe EIT Income Fund stock symbol?

Is Canoe EIT Income Fund a buy or a sell?

Is Canoe EIT Income Fund a good investment or a top pick?

Why is Canoe EIT Income Fund stock dropping?

Is Canoe EIT Income Fund worth watching?

What is Canoe EIT Income Fund stock price?

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