Q: I would like to know how this fund pays such a large dividend in relation to the yields of its holdings. Secondly, how likely is it to maintain the distribution, especially in respect of the energy holdings. Thanks
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: What are your thoughts on EIT? It seems, at the moment, to be trading well below NAV. When I read the list of top 25 holdings, it mostly looks reasonable to me. But I'm not sure I understand their press release:
"[EIT] announces today that it has determined to suspend the Premium Distribution(TM) component and Distribution Reinvestment component of its Premium Distribution(TM), Distribution Reinvestment and Optional Cash Purchase Plan (the "DRIP") ".
I get that they've cancelled the DRIP but what is the Premium Distribution? What is the forward dividend at this time?
"[EIT] announces today that it has determined to suspend the Premium Distribution(TM) component and Distribution Reinvestment component of its Premium Distribution(TM), Distribution Reinvestment and Optional Cash Purchase Plan (the "DRIP") ".
I get that they've cancelled the DRIP but what is the Premium Distribution? What is the forward dividend at this time?
Q: Like a few of your previous questions I find myself in the pleasant position of being overweight BIP.UN { 21.4 % for the third time } and BEP.UN { 5.6 % } . The latter is only marginally overweight so I'm good with that. The former will be trimmed to 15 % for the third time. I know that is still too high but I'm comfortable with it. I was planning on deploying the funds taking a 4 % position in EIT.UN and 2 % into cash. But I've noticed that 5 I generally recommends taking at " least " a 5 % position in ETF's. I wouldn't be adverse to that as it has a juicy yield. I realize that weightings are a personal decision so I'll ask it this way. Between what percentage weighting low to high would 5 I recommend I make my decision in a moderately conservative portfolio ? Also I have done my due diligence on EIT.UN... I'm aware of the MER. I'm aware of the energy weighting. And I'm aware of being capped by a covered call strategy.... What I don't know is the return of capital and how much this should affect my decision . On their tax page I see capital gains as a return of 48 % and return of capital as 46 %. To make it meaningful should one be subtracted from the other ? Basically I'd like to know what the number is and " how to ? " and " should I ? " use it in making my investment decision ? Also in the selling of the 6 % BIP.UN should I wait to receive my free shares before doing so ? ... Thank you for your terrific service.....
Q: Would you buy this for income and small growth.Thanks Phil
Q: Would you please give me your current opinion of this stock. The price seems to have stayed in a trading range of $ 8.30 - 8.90 this year, much lower than previous years. However, it still continues to pay the high dividend & has done now for some 15 years or so.
Even with the decline in price it still has a good overall yield.
EIT is another high yield stock. What do you think of it.
Thanks
Even with the decline in price it still has a good overall yield.
EIT is another high yield stock. What do you think of it.
Thanks
Q: Peter could you give me your opion on this stock
Thanks Pat
Thanks Pat
Q: Never heard of EIT.UN until I saw question here the other day so I had a look at it. As well as looking at previous 5I questions and answers. What 5I doesn't like appears to be the fees and 20% weigthing in energy. Looking at it this is what I see.
1} Over the past five years trading between ten and thirteen dollars. Currently trading at the lower end. I assume because of oil and gas stocks being hammered. Though there is always the possiblity of going lower I have to think that sector is near bottom.... I have no representation in oil and gas so whatever percentage of " energy " they have in oil and gas as 20% of a 4% position in EIT.UN doesn't seem unreasonable.
2} If I were to insert EIT.UN in 5I's income portfolio I would in comparison classify it as lower risk, lower volatility, and higher yield than many in there. So assessing it from a risk point of view doesn't seem any more than other securities in there.
As a covered call ETF I realize up or down swings may be capped. But what I see is the bottom end of the trading range nearby { maybe nine bucks if things go for a tumble setting aside a 2008 2009 scenario where it was somewhere around 7 dollars } and the upside if lucky maybe twelve or thirteen dollars. That seems low risk for an 11.5% yield.....
Please comment on my reasoning ? I trust 5I's opinion way more than mine....Also what are the fees ? On their site they list three numbers ranging from 1% to 2.8%.... And would a 4% weighting be appropriate in a moderately conservative portfolio that is comfortable keeping the odd high yielder in there ?.......Thanks for your great work and advice.
1} Over the past five years trading between ten and thirteen dollars. Currently trading at the lower end. I assume because of oil and gas stocks being hammered. Though there is always the possiblity of going lower I have to think that sector is near bottom.... I have no representation in oil and gas so whatever percentage of " energy " they have in oil and gas as 20% of a 4% position in EIT.UN doesn't seem unreasonable.
2} If I were to insert EIT.UN in 5I's income portfolio I would in comparison classify it as lower risk, lower volatility, and higher yield than many in there. So assessing it from a risk point of view doesn't seem any more than other securities in there.
As a covered call ETF I realize up or down swings may be capped. But what I see is the bottom end of the trading range nearby { maybe nine bucks if things go for a tumble setting aside a 2008 2009 scenario where it was somewhere around 7 dollars } and the upside if lucky maybe twelve or thirteen dollars. That seems low risk for an 11.5% yield.....
Please comment on my reasoning ? I trust 5I's opinion way more than mine....Also what are the fees ? On their site they list three numbers ranging from 1% to 2.8%.... And would a 4% weighting be appropriate in a moderately conservative portfolio that is comfortable keeping the odd high yielder in there ?.......Thanks for your great work and advice.
Q: What is happening with this fund~keeps dropping lately !
Q: Any reason eit.un is falling lately?
Q: Is an investment in this fund better in a taxable or non taxable account, and does return of capital reduce its adjusted cost base? Thanks. Bill
Q: Because of the usurious rates of tax charged by the federal and provincial governments, I wonder whether you are aware of any entities, apart from REITS and other income trusts, that distribute substantial amounts of their income as ROC. I would very much appreciate any such list. Thank you.
Q: This income fund was recently recommended as a play for its yield currently 10.65%. Do you view this as a safe and sustainable addition to an income investors portfolio ?
Thank you.
Thank you.
Q: Hi Guys
What is your take on canoe at this point
Thanks Mike b
What is your take on canoe at this point
Thanks Mike b
Q: How can EIT.Un have a yield of 10.74% given its portfolio? Dividend is $1.20 and the EPS .65, P/E 17.2. Unable to calculate cash flow. You’re comment.
What REITs would you recommend.
Thank you
What REITs would you recommend.
Thank you
Q: I understand you are not fans of Canoe, but in the Globe & Mail Gordon Pape recently put forward a persuasive case for income investors since the unit value has been trading
between $11 and $13 for the last several years. With the current price at the low end of the range, the yield is very attractive and the monthly payment of 10 cents/unit has remained stable since 2009. Any second thoughts?
between $11 and $13 for the last several years. With the current price at the low end of the range, the yield is very attractive and the monthly payment of 10 cents/unit has remained stable since 2009. Any second thoughts?
Q: If i buy EIT.un on Dec. 19th and sell on Dec. 24th will i collect the Dec. dividend?
Q: Any thoughts on EIT.UN after yesteday's raise of additional funds,
Q: Hi I know 5i thoughts of this ranges from not great to ok for income I have some for income and the drip they recently amended and changed some policy concerning the drip and optional buying more shares could you please look at what they have done and break it down to English for me and give me your thoughts on the changes thanks
Q: HI Folks I see this company has come out with a redeemable pref
What's your thoughts on this company .This type of investment vehicle is my to liking if the underlying Co is ok for the long term.
Looking forward to your comments
Regards
Stan
What's your thoughts on this company .This type of investment vehicle is my to liking if the underlying Co is ok for the long term.
Looking forward to your comments
Regards
Stan
Q: In the current market how do you feel as a strictly income play ?how much is return of capital,fees etc ?