Canoe EIT Income Fund (OTCMKTS:ENDTF) is a closed-end investment fund structured to provide unitholders with regular monthly income by investing in floating-rate, credit-oriented securities. The fund’s portfolio primarily consists of senior secured corporate loans, asset-backed commercial paper, rate reset securities and other structured credit instruments. By focusing on floating-rate instruments, the Fund seeks to mitigate interest rate risk while capturing yield premiums available in the North American corporate debt markets.
The Fund’s investment strategy emphasizes diversification across issuers, industries and credit structures. Its holdings may include first-lien and second-lien loans, mezzanine debt and select high-yield corporate bonds, as well as specialized financing transactions such as equipment leasing and securitized receivables. Leverage is employed selectively through credit facilities to enhance distributable cash flow, while risk management controls are designed to preserve capital and manage liquidity.
Launched in 2006, Canoe EIT Income Fund is managed by Canoe EIT Financial Partners, a wholly-owned subsidiary of Canoe Financial, one of Canada’s independent investment boutique firms. The management team combines professionals with deep expertise in credit analysis, portfolio construction and securitization. Investment decisions are supported by rigorous due diligence and ongoing monitoring of portfolio credits and market conditions.
Governance is overseen by an independent board of trustees, who work alongside senior management to ensure alignment of interests and adherence to the Fund’s investment guidelines. The Fund is listed on the Toronto Stock Exchange under the ticker “EIT.UN” and trades in the U.S. on the OTC Markets as ENDTF. Through its established track record, the Fund aims to deliver a stable income stream while preserving capital for its unitholders over the long term.
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