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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Hi, Peter, I have watched CSU for a long time but always hesitant to finally purchase. With the spin-off date set, is it better to buy CSU now than afterwards? Is CSU a good buy at this time for 5 + year hold in a RESP?
It looks like 5 shares of CSU (1.859817814) yields 9 shares of topicus as long as the purchase is made before record date. So 5 shares might be the optimal minimum. Does the purchase have to be completed before Dec 23? Your insight on this is much appreciated!
Merry Christmas to you and your family!



Read Answer Asked by Ching on December 22, 2020
Q: Hi 5i team,
Looks like you guys were right (again) on GC. They negotiated a new price of $45 over the weekend. The original proxy was due today. I did not vote as at the time the major shareholders opposed the deal. They now all support it as I read the news release, so I would support it as the game is over. Proxy voting is extended to Wednesday. I just want to confirm that whether or not I vote has no bearing on my disposition of the shares. If I get lucky with a takeover, I tend to let it run a bit but sell before the closing date, which I think is 2nd Q, 2021.
Thanks again.
Dave
Read Answer Asked by Dave on December 21, 2020
Q: Getting cash in lieu of a full share of BEPC seems a bit cheeky to me. We were supposed to get a full share for any fraction.
I received $31.81 for half share. A full share is would have been worth $63.62. At the close on Friday that share was worth $66.98.
I didn’t see any mention of cash in lieu of fractional shares. So as of Fridays close I’m out $35.09.
Does anyone else think the same way I do?

Roy
Read Answer Asked by Roy on December 21, 2020
Q: Good morning, ENGH announced a special dividend of $1.50. I believe this amounts to ~ $83 million, representing ~ 34% of their Oct/20 year-end cash balance. One might have hoped the ENGH Board foresaw 'better' ways to use this cash to advance the firm's market position. 5i has been positive on ENGH for some time. Does this large dividend change 5i's views on ENGH in any meaningful way as a solid investment going forward? Thank you. Edward
Read Answer Asked by Edward on December 21, 2020
Q: Hello Peter and team,
Echoing the comments of so many others, I would like to extend great thanks for the wonderful service 5i provides and wish everyone a wonderful holiday season.

I currently own GC, but as part of a portfolio re-balancing, was planning on selling it when adding new money at the start of January. It appears the current offer will be voted down. Having never owned a stock that has had a tender offer fail, I am a little unsure as to how this might play out. I would hate to lose some (most?) of my gains by holding onto the stock too long.
You have already expressed the opinion that Apollo will likely increase their offer rather than walk away. If that were to happen, would Apollo make their intentions known before or after the vote happens? If comfortable sharing, what is your best guess as to how the stock price will react over the next few days.
Thanks in advance,
Rory

Read Answer Asked by Rory on December 19, 2020