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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: This whole business about how the distribution is paid has got me confused. I bought BEP in my $us investorline account. Even though I bought it with the ticker BEP, it shows up on my transactions as BEP.UN. I phoned BMO investorline to confirm that there would be no currency exchange for the distributions when I purchased the stock. It does not show any conversion in my transaction history but I called today to confirm Again after reading the Q & A comments. I reside in Canada but my broker says the interest is paid in $US and there is no currency exchange. Am I missing something?
Read Answer Asked by Cheryl on July 04, 2017
Q: 5i gives BEP.UN a favorable rating. But Accountability Research (AR), in a report on 12 January 2017, rated it as a SELL with a target of only $33. The AR report suggests the possibilities of conflicts of interest with BAM and fears about the high payout rate. Have you considered your rate in light of AR concerns? A detailed reply would be appreciated since I own BEP.UN and planned to purchase more.
Read Answer Asked by George on June 28, 2017
Q: Is it possible to quantify the impact of the Nissan contract? The news release didn't include any financial details, but one would presume that Nissan's worldwide supply chain is substantial. Nissan's decision may also expose Kinaxis to an even broader international business audience. Nissan also said they "see this as a long term relationship between our two companies." I have a 1/3 position currently, as a much lower price. Also considering the recent pullback, would you step in for another 1/3 or more at this time?
Read Answer Asked by David on June 28, 2017
Q: Hello,

Absolute seems very strong lately, particularly since their last quarterly report was a miss. Anything seem out of the ordinary?
Would you currently choose Abt or et for the tech income stock part of your portfolio?

Regards,

Robert
Read Answer Asked by Robert on June 28, 2017
Q: There's no "double exchange" of currency on the distributions. From the BEP website:

Distribution Currency Option

The quarterly distributions payable on the Partnership’s LP Units are declared in U.S. dollars. Beginning with the fourth quarter distribution payable December 31, 2016, unitholders resident in the United States will receive payment in U.S. dollars and unitholders resident in Canada will receive the Canadian dollar equivalent unless they request otherwise. The Canadian dollar equivalent of the quarterly distribution will be based on the Bank of Canada daily average exchange rate on the record date or, if the record date falls on a weekend or holiday, on the Bank of Canada daily average exchange rate of the preceding business day.

Registered unitholders resident in Canada who wish to receive a U.S. dollar distribution and registered unitholders resident in the United States wishing to receive the Canadian dollar distribution equivalent should contact Brookfield Renewable’s transfer agent, Computershare Trust Company of Canada, in writing at 100 University Avenue, 8th Floor, Toronto, Ontario M5J 2Y1 or by phone at 1-800-564-6253. Beneficial unitholders (i.e., those holding their units in street name with their brokerage) should contact the broker with whom their units are held.
Read Answer Asked by Jeff on June 27, 2017
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