Investment Q&A

Q: Good morning 5i
I cant seem to find the date of the split? And is it correct that the shares are best held in a RRIF ?? Or RRSP ?
Much thanks

Q: I am Canadian citizen/resident who owns both BEP.UN:CA and BIP.UN:CA within my TFSA (at TD-Waterhouse). After receiving the new shares related to both of these holdings, should I keep all four securities within the TFSA, or should I consolidate into one of the other type of security (and if so which one)? (I don't mind paying the transaction fees if this helps simplify things.) Also, I currently hold both positions within the Canadian dollar portion of my TFSA, but I can move these over to the U.S. dollar side of my TFSA, if this makes more sense to you, in advance of these spinoffs.

Ted

Q: Is Bep.un still a buy at this time ?
Thank you

Q: I seem to be pretty clueless about what is happening with BEP.UN. Do I have to do anything? If so, what? It's only through your site that I realized anything was happening at all, and I'm just confused. Thanks.

Q: Do you fine people feel that BEP.un could be an acquirer of INE should BEP's valuation continue to defy gravity thanks to climate change hysteria and trendy SRI mandates?

Thank you 5i - deduct 2 credits if you would like to take some time with this answer.

Q: Brookfield Renewable Partners (BEP.UN) now forms just over 9% of our joint registered investments and although that is much higher percentage than any other holding (and may be inadvisable), I am somewhat reluctant to sell any, because it is one that has been a winner from the day I bought it. That is in stark contrast to quite a few other stocks that I apparently bought at their height which have since plummeted.

I need a trimming strategy and would like you to give a detailed description of how best to maintain the number of shares held as long as possible, but sell some if the price starts to drop. Perhaps there is a link that you would prefer to send to me.

I have read your opinions on Limit and Stop Limit sales at one stage or other and have also tried this, but it hasn't always worked as I thought it would.

What would you suggest is the best way to address this?

Q: How will fractional shares be handled when the unit split occurs?

Q: 7:02 AM 11/14/2019

There seems to be a lot of confusion. Which of BEP, BIP, BPY are going to be relocated to Toronto and have the 5 for 4 "Stock Split"? Any idea yet of the Ex-Dividend Dates?
Thank you......... Paul K

Q: The way I see it the upcoming "dividend" will be in effect a 5 for 4 split of existing units and I would expect markets to adjust SP's to account for this, correct?

Also TD has no conversions of US$ dividends if held in a US$ account unlike RBC. I expect to receive the entire $2.06 US per unit in my US account this year. The only time conversion would happen is if units are held in a $C account.

Q: BEP and BIP have each grown to just over 9% of my portfolio. That’s great, but I’m in a quandary. With other stocks I might be tempted to trim and reinvest, but there seems to be momentum here and the spin out sounds interesting. What say you? Trim and reinvest? If trim, then back down to 5% each?

Then.... where to reinvest? I’m well diversified and would look for income stocks with some growth potential. Mainly, I’d want something that is a good replacement for the potential and stability of Brookfield. Perhaps a different Brookfield? Perhaps park it for the potential to pick something sold for a tax loss?

Q: Hi,

Looking for a long term hold, preferably lo-volatility and some growth. I own the banks, AQN, BAM, and ZQQ. Can you recommend your top two picks and why?

Q: Would it be better for tax purpouses to sell my BEP.UN.LP shares and purchase the new Canadian Shares?
Thank You
Bill

Q: When BEP.UN trades with the new listing will the two listings be trading at the same price. They will both be trading essentially the same assets yet traded by different investor groups. Will this work as an arbitrage trade. Just Curious.
Thanks, Peter

Q: The payout ratio is about 100% of AFFO. What is your view as to the sustainability of the distribution including guidance for increases? Is this level of payout consistent with peers?

Q: Just curious. Who are those that can't buy limited partnerships like BEP.UN? Thanks.

Q: Your earlier answer stated: "The new corporation will have 'identical distributions' to the existing partnership."

Does this mean the distribution is essentially being increased by 25% (for existing shareholders) upon the formation of the Canadian corporation as distributions from 4 units becomes distributions from 5? Or will the distribution from 4 units be equal to the distributions from 4 units + 1 share?

Q: What happens to the dividend after the stock split. Will it increase by a factor of 4to remain equal?

Q: BEP is forming new canadian company. I hold shares of BEP>UN. Should we hold or bail. What they are doing sounds complicated to me.

Q: Lot of talk about their restructuring or maybe re-engineering. What about the miss on earnings?

Thanks

Q: May I have your comments on the quarter. Please explain what they are doing with the shares. A split?. Cheers