{"id":40726,"date":"2020-04-12T14:29:08","date_gmt":"2020-04-12T19:29:08","guid":{"rendered":"http:\/\/prefblog.com\/?p=40726"},"modified":"2020-04-12T14:29:08","modified_gmt":"2020-04-12T19:29:08","slug":"eit-pr-a-eit-pr-b-annual-report-2019","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=40726","title":{"rendered":"EIT.PR.A, EIT.PR.B : Annual Report 2019"},"content":{"rendered":"

Canoe EIT Income Fund has released its Annual Report to December 31, 2019<\/a>.<\/p>\n

\n\n\n\n\n\n
EIT Performance<\/td>\n<\/tr>\n
Instrument<\/td>\nOne
Year<\/td>\n		Three
Years<\/td>\n		Five
Years<\/td>\n		Ten
Years<\/td>\n<\/tr>\n
EIT
Common Redeemable Units
(based on NAV)<\/td>\n		+12.7%<\/td>\n+6.6%<\/td>\n+8.3%<\/td>\n+8.9%<\/td>\n<\/tr>\n
S&P\/TSX Composite Total Return Index<\/td>\n+22.9%<\/td>\n+6.9%<\/td>\n+6.3%<\/td>\n+6.9%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

Sadly, they did not publish a “whole fund” return.<\/p>\n

Figures of interest are:<\/p>\n

MER: “Management expense ratio excluding issue costs, interest, and distributions to preferred redeemable unit” “as a percentage of net asset value” (which I take to mean, based only on the equity represented by the Capital Units) 1.61% “as a percentage of net asset value” (which I take to mean, based only on the equity represented by the Capital Units).<\/p>\n

Average Net Assets: There was no particularly enormous change in either the number of capital units outstanding or of the net asset value per capital unit, so let’s just take the average of the year-beginning and year-ending NAVs, including preferred shares: (1,067-million + 215-million + 1,281-million + 216-million) \/ 2 = 1,390-million<\/p>\n

Underlying Portfolio Yield: Dividends received of 29.503-million + interest of 5.301-million is 34.804-million divided by average net assets of 1,390-million is 2.50%<\/p>\n

Income Coverage: Net Investment Income of 7.935-million divided by Preferred Share Distributions of 10.683-million is 74%.<\/p>\n

Asset Coverage: NET ASSETS ATTRIBUTABLE TO HOLDERS OF COMMON REDEEMABLE UNITS of 1,281-million + Preferred redeemable units of 216-million, all divided by Preferred redeemable units of 216-million is 6.9+:1 (downside protection of about 86%)<\/p>\n","protected":false},"excerpt":{"rendered":"

Canoe EIT Income Fund has released its Annual Report to December 31, 2019. EIT Performance Instrument OneYear ThreeYears FiveYears TenYears EITCommon Redeemable Units(based on NAV) +12.7% +6.6% +8.3% +8.9% S&P\/TSX Composite Total Return Index +22.9% …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-40726","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40726"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40726\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}