-
CI Financial Corp. (CIX)
-
Fiera Capital Corporation Class A Subordinate Voting Shares (FSZ)
-
MFS Intermediate Income Trust (MIN)
Q: I have held min for 2 years and rec'd div. and i am even. Continue to hold my 1000 shares for income or could lower the amount of shares and buy another which would also pay div. . I am flexible FSZ also have 1000 shares and cix 1000 shares they seem to be moving well lately is Div in your opinion safe now better than before.
5i Research Answer:
MIN is not exciting, but offers a high yield and sometimes stability. It is up 4.9% this year and has a five-year return of 3.2%. It lost 15% in 2022. With interest rates dropping it should likely do better, but we would not want more of this. We think CIX is better than FSZ and would be comfortable selling FSZ. It has bounced this year on the anticipation of lower rates and a better stock market, but there is really no growth there. We think CIX is better on almost every fundamental metric. But we would consider it a HOLD and not an ADD today.