Income Trusts

Q: Pat: What do you think about Canoe EIT Income Fund and its dividend payout of around 10%. Many thanks.

A: Canoe EIT Income Fund, $12.07, symbol EIT.UN on Toronto (Units outstanding: 89.3 million; Market cap: $1.1 billion; www.canoefinancial.com), changed its name from EnerVest Diversified Income Trust in November 2013. The stock symbol is unchanged. Canoe EIT is a closed-end fund that invests in a p ...

CPPIB and Caisse Expand Asian Logistics?

Benefits Canada reports, CPPIB invests in Korean logistics facilities:The Canada Pension Plan Investment Board is partnering with a subsidiary of ESR, a pan-Asian logistics real estate platform, to invest about $653 million in Korean logistics facilities.Within the investment vehicle, which will ...

AIMCo and CPPIB's $1 Billion RE Venture?

Benefits Canada reports, CPPIB, AIMCo team up with industrial REIT to acquire U.S. logistics real estate:The Canada Pension Plan Investment Board, the Alberta Investment Management Corp. and the WPT Industrial Real Estate Investment Trust are joining forces to aggregate a portfolio of U.S. industri ...

Niche markets, longstanding customers sustain Canada’s packaging leader

Recently Pat McKeough replied to a Member of his Inner Circle seeking his opinion on one of Canada’s remaining income trusts. The company is this country’s largest packaging distributor. Richards Packaging Income Fund has more than 14,000 customers in a variety of businesses. A little over half ...

15 Dividend Increases in the May 2018 Canadian Dividend All-Star List

Disclosure: Some of the links below are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase. See disclaimer. “Dividends may not be the only path for an individual investor’s success, but if there’s a better one, I have yet ...

15 Dividend Increases in the May 2018 Canadian Dividend All-Star List

Disclosure: Some of the links below are affiliate links, meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase. See disclaimer. “Dividends may not be the only path for an individual investor’s success, but if there’s a better one, I have yet ...

The big (shrinking) short list

What are we looking for?: Canadian companies with a reduction in short interest The screen Short-selling, or “shorting”, refers to the investment practice of borrowing shares and subsequently selling them in the hope that the shares will eventually decline, so that the borrower can buy the sh ...

February 26, 2018

Hard on the heels of my mention of foreigner bashing in BC and the interesting discussion that followed comes a Bloomberg story about Canadian mortgage fraud: Evidence of mortgage fraud amid surging home prices and household debt has prompted S&P Global Ratings to lower a key risk metric for Canadi ...

AX.PR.U Redemption Becomes Official

Artis Real Estate Investment Trust has announced (on 2018-2-22): that it has delivered formal notice to the holder(s) of its Preferred Units, Series C (the “Series C Units”) that, on March 31, 2018, the Trust will redeem all of the 3,000,000 outstanding Series C Units at a price of US$25.328125 ...

L.PR.B : DBRS Reduces Trend to “Stable”

DBRS has announced that it has: confirmed the ratings of Loblaw Companies Limited (Loblaw) and Shoppers Drug Mart Corporation (guaranteed by Loblaw) at BBB after the announcement that Choice Properties Real Estate Investment Trust (CP REIT; rated BBB by DBRS) has entered into an agreement to acquir ...