skip to content
  1. Home
  2. >
  3. Investment Q&A
You can view 3 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Hi 5i
What does the complaint from Blue Yonder against Kinaxis look like to you? I don't know if there has been any clarification yet but my feeling from what I have read it seems Blue Yonder is tooting it's horn for publicity.
Anyway just wanted to thank you again and to all the members who make contributions with their questions and comments.
Peter
Read Answer Asked by Peter on December 24, 2020
Q: I read your answers about Topicus shares from the CSU spinout. I have 50 CSU shares, so at a rate of 1.859817814 I would get 92.99 Topicus shares. You can't get any closer to a whole number than that. From what you said the number of spinoff shares is rounded DOWN. So even with 0.99 of a share they won't give me a whole share of Topicus? So I would end up with 92 Topicus shares plus some cash?

By the way, how/why did they come up with such a fraction? Why couldn't they just make it simple: you get 2 Topicus shares for every 1 CSU share (and then work backwards to make the math work)?

Paul
Read Answer Asked by Paul on December 23, 2020
Q: I forget to ask another question about CSU shares. My CSU shares are on the US side of my non-registered account (so that I collect the dividend in US dollars). With the spinout of the Topicus shares are there any ramifications of having the CSU shares on the US side of my account? Will the "dividend" be calculated in US dollars or CA dollars (given that they pay their regular quarterly dividend in US$)? Should I journal the shares back to the Canadian side of the account? If yes, is it too late to journal them back to the Canadian side of the account given that the ex-dividend date is Dec 23rd, and my broker wouldn't complete the journalling transaction until Dec 24th or after Christmas?

Paul
Read Answer Asked by Paul on December 23, 2020
Q: 1) Is today the 22 of December the last day to buy shares of CSU and get Topicus shares?
2) When do the Topicus shares start trading on the Vancouver exchange? Would it
be on the dividend date Jan 4?
3) The last release said, "the common shares of Constellation will commence trading on an ex-dividend basis at the opening of markets on December 23, 2020. "
Does this mean that CSU will start trading tomorrow at a discount to reflect the Topicus shares without Topicus trading?
Thanks for your great service.
Read Answer Asked by Herm on December 22, 2020
Q: Hi, Peter, I have watched CSU for a long time but always hesitant to finally purchase. With the spin-off date set, is it better to buy CSU now than afterwards? Is CSU a good buy at this time for 5 + year hold in a RESP?
It looks like 5 shares of CSU (1.859817814) yields 9 shares of topicus as long as the purchase is made before record date. So 5 shares might be the optimal minimum. Does the purchase have to be completed before Dec 23? Your insight on this is much appreciated!
Merry Christmas to you and your family!



Read Answer Asked by Ching on December 22, 2020
Looking for more? Sign up for a FREE 14 day trial! No credit card required

We invite you to sign up for a 14 day free trial of 5i Research!
Experience all the benefits and tools we have to offer; stock research, model portfolios, Q&A with our experts, and so much more. Join a community of like-minded investors today!