Q: I now hold TRP & SOBO in both my TFSA & and my cash account. I would like to consolidate the SOBO into one account. Any tho'ts. or suggestions on where on where it might be best to hold the SOBO going forward? Most of my pipeline holdings are in PPL and am happy in its distribution in my different accounts. Thanks, Bill
5i Research Answer:
With SOBO's very high yield, it is probably best for most investors to put it into a cash/margin account, to benefit from the dividend tax credit.