Yesterday, EIT announced that they will no longer be allowing individuals to purchase their shares at a discount. Despite this recent news, the underlying net asset value of the fund is still above what it currently trades at.

For those of you who have read and followed the trading on the TSE of Canoe EIT.UN closed-end, below came from the Canoe website:

“Effective September 16, 2014, the Fund will be suspending the Optional Cash Purchase plan currently available to investors.”

This somewhat lessens the attraction of the units but EIT: UN still should command the attention of retail investors.

-M