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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: Good afternoon,

I need to diversified investments from the Finance sector, which I am little bit over expose. I have no investment in the Material sector. This is in my RRSP Portfolio and the investment will not exceed 5% of my total portfolio. I am a long term investor and looking mainly for income. Which of these two companies do you recommend Chemtrade or Labrador Iron Ore?

Thank you.
Read Answer Asked by Paul on October 02, 2019
Q: While the conversion may improve marketability and market value, won't it reduce distributions by virtue of tax at the issuer level? As a retiree holding in a RRIF and relying on cash distributions, I am concerned. By reason of tax, is the following statement correct (which you quoted): "it will not result in any underlying change to aggregate cash flows"?
Read Answer Asked by Carl on October 02, 2019
Q: I would appreciate a recommendation on 6 Canadian dividend paying stocks with a growth element to them.

Read Answer Asked by Donna on October 02, 2019
Q: I have a 6% position in NPI and am happy with what the company is doing. But I am interested in any comments you may have regarding this article. Do you see this as a net negative for companies trying to raise money in Canada or for us retail investors?
Thank You

"The Globe and Mail reports in its Monday edition that Northland Power ($25.26) raised $346-million in a stock sale this month to pay for an acquisition in Colombia. The Globe's Andrew Willis writes that Northland plans to spend $1.05-billion on an electrical distribution network that serves 1.3 million South American customers. Northland's portfolio already includes wind farms and solar-power facilities in Canada, Germany, Taiwan and Mexico. To pay for the acquisition, Northland sold $346-million of subscription receipts and will borrow the balance to buy the business from Brookfield Asset Management. A string of equity offerings of late have been poorly received. Banks struggled to sell shares of New Gold, Corus Entertainment and Green Organic Dutchman Holdings. The lack of investor appetite for what Corporate Canada is serving up feeds into a larger debate over the relevance of ordinary, retail shareholders in a market that is increasingly dominated by passive investors, such as index funds, and private sources of capital. Mr. Willis says investment bankers are wringing their hands over a steady slide in public market offerings. The value and volume of equity financing in Canada is dropping steadily".
Read Answer Asked by Robert on October 02, 2019
Q: Input regarding VNR rather than a question. I too expected a final payment as Sept 27 appeared as the x dividend date on several locations. After checking Sedar this morning I found this Aug 8 filing which sets Sept 30 as the x dividend date. Why the discrepancy?
Very annoying!
Brian
Montréal, August 8, 2019 - Valener Inc. (“Valener”) (TSX: VNR) (TSX: VNR.PR.A) today announced that its
Board of Directors declared, on August 7,2019, a quarterly dividend of $0.30 per common share, payable on
October 15, 2019, to common shareholders of record at the close of business on September 30, 2019.
Read Answer Asked by Brian on October 01, 2019
Q: I am one of those shareholders which held my shares in VNR until it went ex-divi. It seems the acquirer, Noverco has intentionally obfuscated the previous communications around the September dividend. Do you think the companies involved were trying to be, in anyway, less than fully transparent?
Read Answer Asked by Harry on October 01, 2019
Q: Hi 5i,
Further to Andrew's question about the BIP.UN creation of the BIPC entity, here are a couple of exerpts from BIP's press release. They do make mention of this also being something of a "special dividend", for what it is worth.
"the transaction will be analogous to a unit split as it will not result in any underlying change to aggregate cash flows or net asset value except for the adjustment for the number of units/shares outstanding."
And,
"Currently, unitholders are expected to receive 0.11 BIPC shares for each unit held of Brookfield Infrastructure (i.e., one BIPC class A share for every nine Brookfield Infrastructure units held) in the form of a special distribution."
Not sure if this helps clarify or just further muddies the waters, but thought I would pass this along.
Cheers,
Mike
Read Answer Asked by Mike on October 01, 2019
Q: Hello Team,
Could you give me an analysis of this company, including the current dividend and if held in an RRSP, is there with holding tax on the dividend.
Thank You,
Barry
Read Answer Asked by Barry on September 30, 2019
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