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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: Can you provide an updated assessment on SunLife (SLF)given recent results? I am looking to invest new money in blue chip dividend payor for son's TFSA account and also considering telcom (BCE) as an alternative. Should I go with SLF for now given the recent run up in BCE stock price? Thanks again. John C
Read Answer Asked by john on August 11, 2016
Q: Hello
Can you comment on earnings for both ATP and TA.

Cash flow seems to be improving and both are working on improving leverage levels.

I have a small position in both these companies that I intend on selling to buy more quality names. But I am not in a hurry to sell them since I am down 30% and 40% respectively and would like to let them run a bit if they show signs of improving.


Thank you !
Read Answer Asked by Stephane on August 11, 2016
Q: In your answer to my question yesterday you noted "If the NAV falls below a certain level (found in the prospectus), the payout will be cut and that will likely be a huge hit to returns."

To be more precise the prospectus says:

"No regular monthly dividends will be paid on the Class A Shares in any month as long as any dividends on the Preferred Shares are then in arrears or so long as the Net Asset Value per Unit is equal to or less than $15.00 (calculated as described under Details of the Offering Valuation of Assets ). Additionally, it is currently intended that no special year-end dividends will be paid if after payment of such a dividend the Net Asset Value
per Unit (calculated as described under Details of the Offering Valuation of Assets ) would be less than $25.00."

When I look at the actual dividend history, I see that DFN has consistently paid dividends of $0.10 per share every month since inception -- including 2008 & 2009 when the markets were so unsettled.

I also note that DFN shares have traded below $15 since Jan 2008, reaching a low of %4.66 in 2008 and trading in a range of $10 - $12.50 since July 1, 2009.


My questions are:

1. Does it seem like they like have more flexibility to continue dividends than the prospectus indicates?
2. Given the this history of consistent dividends over a fairly long period, covering the scary 2008 -- 2009, why would you not consider DFN a screaming BUY?




Read Answer Asked by Douglas on August 09, 2016
Q: Hello, please give me suggestions for a few(4-5) income stocks with moderate risk, for a long term hold in a TFSA account. A response to a gentleman last week included a suggestion of Enbridge (which has spiked up impressively over the last two weeks, and now am afraid too expensive to buy, I already own all banks Slf, Wsp, ppl, Alta gas, Manulife amongst others.

I am looking for names, preferably with Current attractive entry points. Any sector.

Many thanks
Read Answer Asked by Amir on August 09, 2016
Q: Good morning Peter, Ryan, and Team,

Apparently Enron has reared its ugly head once again. This article from the Globe and Mail describes a lawsuit announced by the Alberta government:

http://www.theglobeandmail.com/news/alberta/e-mails-reveal-how-albertas-enron-clause-was-orchestrated/article31303953/

From the article, "The court action names Enmax; TransCanada; and Capital Power. It also names electricity generator Atco Ltd., the Balancing Pool, which is a public body, and its own power regulator as defendants. The court case is slated for November."

Enmax isn't a publicly traded company, but the other two are. (I don't own either). Are there any other companies that may be impacted from the fallout that will occur from this lawsuit? I'm thinking of AQN and FTS as examples.

As always, thanks for your insight.
Read Answer Asked by Jerry on August 09, 2016
Q: Which 3 reit's would you recommend for a hold of several years?
Read Answer Asked by William on August 09, 2016
Q: What are your thoughts on the earnings of the above companies - Emera just bumped up their dividend by 10% and results looked good. Results were good for Fortis and Enercare also. All 3 have exposure to US.

I currently hold Enercare and am looking to add more weight for long term (20+ years) to utilities. Any recommendations ?
Read Answer Asked by Mayur on August 09, 2016
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