EIT Income Fund – From Canoe Financial
If you don’t know what a drip is, Google explains it as: DEFINITION of ‘Dividend Reinvestment Plan – DRIP‘ A plan offered by a corporation that allows investors to reinvest their cash dividends by purchasing additional shares or fractional shares on the dividend payment date.
The reason why EIT Income Fund makes it on Mensfinest.club is because it had 2 Drip options, both are very intriguing.
Drip 1 – Your monthly “Dividend” buys more of the EIT Income Fund shares at a discounted rate of up to 5%. AN AUTOMATIC 5%! This is a big deal
Drip 2 – Your Monthly “Dividend” purchases your discounted shares and sells them for profit and pays you 2%. Therefore, DRIP 2 pays 102% of your monthly Divedend. This option is good if you do not want to re-invest in the same stock. Either way. What a deal.
This is just a very brief outline of the stock. Go visit http://www.canoefinancial.com/eit-income-fund/