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

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WATCH

Basket of dividend payers in Canada and the US. Just under 30% energy names. Pretty high yield, but believes some of that is ROC (so the yield is a bit misleading). As long as the underlying stocks do well, shouldn't see an erosion of capital. But the wild card to watch for is if there's a decline in the market.

Well managed, great track record.

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.

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Canoe EIT Income Fund (EIT.UN.TO) 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.TO (previously EIT.UN-T on Stockchase) on the Toronto Stock Exchange (EIT.UN-CT). It is usually referred to as TSX:EIT.UN or EIT.UN.TO

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 Kevin O'Leary on 2008-10-01. 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 2026-06-10, Canoe EIT Income Fund (EIT.UN.TO) stock closed at a price of $17.22.

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Canoe EIT Income Fund (EIT.UN.TO)

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