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, Just to clarify further about the debentures - If Constellation decides to redeem the debentures, Only the Warrant holders will have the ability to buy the new debentures and in the ratio of 1 warrant providing a right to by 1 debenture. So, the Debenture holders ( with redemption called ), can only swap/buy the new debentures with No Redemption clause, would need to either already have or buy the warrants in the market. If not, they will be exposed to a capital loss of, say. $37, for each debenture.

In our situation, we have currently 500 CSU.DB debentures and only 250 warrants. So, in a Redemption call scenario, we should be prepared to Buy 250 additional warrants in the market, if we want to swap/buy to retain the same no. of 500 debentures ownership. Is this correct ? And, for this reason, there could be a huge demand for these warrants, when called for redemption, because, a large no. of debenture holders, may not necessarily already have those warrants.

Will the New Debentures be listed as a separate security, in addition to the existing debentures CSU.DB ?

Thank You
Read Answer Asked by rajeev on September 08, 2023
Q: There was a question yesterday by Dave about buying US currency.
One option to avoid the fees that banks charge for the exchange is to buy Horizons DLR.CA and then journal it over to your US account (DLR.U.CA).
You still pay the exchange rate and maybe trading fees (depending on your brokerage) but you save the bank fee.
Read Answer Asked by John on September 08, 2023
Q: Eqb has done very well since U recommendation,but recently dropped off. In general the big 6 Can Banks had put aside lots of Provision for Credit Loss(PCL).How much did Eqb allocate pcl?In my humble opinion it is likely higher than the big 6 as it is basically a secondary mortgage lender.Add,Hold or Sell.Please comment. Txs for U usual great services & views
Read Answer Asked by Peter on September 08, 2023
Q: Now that I discovered that RBC has opened its direct investing accounts to high interest saving ETFs, I am interested in moving the cash portion of my portfolio. HSAV is interesting because of the capital gains tax advantage. However I noticed that it has been fairly volatile in the last few weeks - swinging by almost 1% in a single day. That is more volatility than I would’ve expected from an investment that primarily holds bank savings accounts that reprice daily. Is there something else going on here?
Read Answer Asked by Andre on September 08, 2023
Q: Looking at re-allocating funds from oil sector in either BAM or LMN. Currently have a 3% holding in BN. This would be inside an RRSP with a goal leaving alone for 20 years. What would your preference be. Allocation would be 1.5%.
Read Answer Asked by Chris on September 08, 2023
Q: Please comment on latest results and going forward.Appears to have beaten Eps & Revenue estimates and yet the stock price is down $1.52 t0 $100.48 after initial H $109.Is this an opportunity to add in this environment of fear of higher rate & potential slowdown in the economy. Txs for U usual great services & views.
Read Answer Asked by Peter on September 08, 2023
Q: Regarding Scott’s question of 7 Sept on FTN. The NAV as of end Aug is $16.50 and the company announced its regular monthly dividend for Sept. Your answer doesn’t match the above information from the company’s website. Do you know why the share price has declined so dramatically over the past week? Thank you

Kenn
Read Answer Asked by Kenneth on September 08, 2023
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!