Investment Q&A

Q: Blackrock sent a tender offer today: "Option 1: Tender Consideration (USD funds) (Subject to Proration) - To receive 98% of the NAV per share of Blackrock Capital Allocation Term Trust Common Share tendered on pricing date". Or do nothing and hold.

1. The current NAV shows on a 'net search as $17.45; would you expect that to change much from now until the "pricing date"?
2. What is the date for the "pricing date"?
3. Why would Blackrock want to do this?
4. What would you do if you owned shares? Current share price is $16.36;
5. Where can I find the offering circular?

6. Also, my 2 service providers show the yield at 11.5%; the profile on the 5i Market Data shows it at 21%. What do you think it is?

Many thanks for your excellent service.

Q: I would appreciate your opinion of the closed-end investment fund Canadian General Investments, trading directly on the TSX. What are the pros and cons of investing in such a fund?

Q: In your estimation, is the Apollo Tactical Income fund configured to strengthen as interest rates fall or remain at their current level?
Thanks!
David
Further to my previous question on AIF, can you comment on the tax treatment that will be applied to the distributions resulting from its upcoming merger? (note: my previous question on AIF's prospect should, I suppose. be better directed at MFIC...)

Q: What is your current opinion of EIT.UN.ca - is it a good investment or would you have alternatives that are better?
Thanks

Q: Hi 5i,
I have a small position in Fairfax India holdings. I have made a gain but disappointing for the length of time I have had it. I can still be patient for possibly 5 more years or longer. Would you recommend holding this, or consider ETF's of India holdings that you had recommended in March of this year (ZID or INDY) or other ETF?
Should be on the conservative side of investing.

Thank you for the great service

Q: What is your current opinion of BCAT? It has been around for approximately 2.5 years since the last question you’ve had and seems to be growing well despite its incongruously large upcoming dividend.
Thanks,
David

Q: I am finalizing RRIF portfolio focusing on safety and yield. I am trying to decide between Canoe Income fund and SLF. Performance-wise they look similar to me but with EIT having a higher yield. I would value your advice on selecting one of these unless you have an even better suggestion then that would be welcome as well. Thanks for all you do! Dan

Q: Hi, can you give any info on the above, there are no inquiries up until now.

Thanks as always
Anthony

Q: Hello 5i, Could you explain what the Annual Concurrent Retraction is all about.
I own shares in PWI and Option 1 is Retraction. Also could you comment on the company as well as a investment.

Q: As a retired income investment, I have enjoyed the steady increase in the value of these funds over the last years as well as a good dividend. In fact they tended to stay steady every time the market dipped. Until lately. Both have seen daily drops unseen before. Has anything changed or is it the general skittish market right now.

Q: Why was ENS just offered at such a low price - nearly 6% discount? ENB was unaffected. Thanks.

Q: EVV has a daunting monthly-pay dividend that seems, at first glance, to be too-good-to-be-true. However, the dividend is comfortably less than the cash flow number. Is the dividend sustainable and can the security's price be expected to be reasonably positive in this environment?

Q: Hello, I’ve watched this fund destroying wealth since 1995 ish. If the 30 plus years of declining rates were the result of poor performance do you think it’s possible something has changed and this could be a slow mover up in the future. Thankyou

Q: Hello. can I get your opinion on these. Are they worth buying or can you suggest something else ? Thank you for the great service.

Q: !What can you tell me about these Besides paying a monthly dividend, they seem to be stagnant in appreciation. Is it worth keeping or exchange for something better.

Thank you

Steve

Q: What are you thoughts on Cymbria plan to repurchase share @ 97% of aNAV (5 days preceding redemption date). Would you expect an upswing in share price that would be worth holding?

Q: Are either of these high dividend funds worth investing in? Each has had rapid price appreciation recently but seem relatively impenetrable per dividend safety and long-term growth prospects.

Q: When I asked about PDI back in July 2023, you stated you would be fine holding it for 3-9 months. I am still down about 20% on it. It is currently at/near the same price it was last July. I'm liking the high monthly dividend payment but am concerned how long it can last. Do you think the high dividend is sustainable (and if not how much would you expect it to be cut?). As well, looking into 2024 with interest rates likely dropping marginally, a soft/no landing scenario, and all other things considered for 2024, do you think this one can approach $22-$23 in 2024? Any other nuggets of wisdom regarding PDI are welcome .....

Q: Can you please rate these for reliability and sustainability.
LBS, SBC,GDV,PWI and LCS.
Thank You in advance.

Q: Hello Folks:
Currently we own solid positions in CIC.TO AND MFC-PK.TO and interested in both MAERSK and USA because of dividends (Maersk 19.24% and USA 9.98%).
What is your opinion of these companies, security of their dividends, growth etc. Maersk is one of the world's premier shipping companies although one questions sustainability of such a rich dividend.
All The Best
brian