Investment Q&A

Q: Any reason to think the shares will ever approximate book value?

Q: BGI started out at $10.00 with a .15/qtr, dividend with a target yield of 6%, about 10 years ago. It has managed to keep paying the .15 quarterly dividend since, but the unit value has been mostly below 10.00 since it started. It appears now to be trading near it's 10 year low and the current yield is over 12%. It looks like further downside is possible with rising interest rates and also as it trades at a premium to book value. It looks like the payout ratio is over 300% at present. Your thoughts on the following questions. Is the dividend safe at the current level given the securities it holds? With the payout ratio so high is the Fund forced to do an equity issue to maintain it, or do return of capital payments? Do you feel this is a good entry point? Finally, how likely do you feel that they may reduce the dividend back to the 6% yield level in order to preserve cash in the fund? Please deduct as many credits required to answer. Thank you for the great service. ...Will

Q: How reliable are the monthly dividend payments for these funds …. as part of an income portfolio?

Thanks.

Q: I am a retired income investor. I own a lot of the various Brookfield companies. I have held BGI.un for quite some time and, unlike the Brookfied companies, I am well under water. It is very thinly traded. I have no problems keeping BGI because it fits my need for dividends but I am wondering if it is dead money and will keep slipping. Can I have your opinionon its future

Q: If i add EOS to my tfsa, how much tax will they hold? Thx. Maybe not good for tfsa? Thx. James

Q: Is this a stable dividend and is it a safe add to now? Thx James

Q: Which are the best vehicles for positioning a portfolio for any anticipated Indian growth?

Q: This ETF is yielding 9.22% and running at about 40% discount. Is there anything not to like about this?

Q: Both PIMCO Tactical Income Fund (9.6% Yield) and PIMCO Dynamic Income Fund (13% Yield), were mentioned on the weekend.

Their unit prices have dropped due to the rise in interest rates. I am retired and have very little exposure to fixed income. Would this be a reasonable investment to consider? One would expect if interest rates continue to rise, the units’ prices will continue to be adversely affected.

Thank you

Kim

Q: I am puzzled by how CEF’s function. ie. RLTY.
Could you explain the concept in simple terms?
Thanks.

Q: When you last commented on PDI you said "Okay with". Noting the one year return on fund value is minus 15% but the long term returns seem to be in the 8-10% range. I am in it for the dividend (I'm retired). Do you think the ~ 13% dividend is safe long term ? And how much of that 13% is ROC ? What are your overall thoughts on this one ??

Q: I would be interested in any otherwise financially solid instrument with a generous yield that could benefit from rising interest rates. How do TSLX and NMFC stack up? Do you have alternatives?

Q: It seems like the NAV and distribution on this are extremely well protected, if I understand it correctly.
Would any drop in the price of the underlying banks be deducted from the NAV of BR before affecting the NAV of BR.PR? (would NAV of BR have to go to zero before affecting the NAV of BK.PR?)
And in the unlikely case that several of the banks cut their divs, would some of that cut be accommodated by cuts to the distribution of BR before affecting BK.PR's distribution?
Last, if the price of BK.PR falls due to sentiment - as opposed to drop in NAV - the product can be at some point sold back to the issuer at the then current NAV?
Is there a risk I am not considering?
Thanks,

Q: I've held BGI for just under a year. Apart from a brief rebound in April I've been under water the whole time. The low PE and high yield make me wonder whether I should add, but the price performance makes me wonder if I should sell.

What do think of the prospects? (Hold, and add if it tanks on Europe?)

Q: have you changed your opinion since 2016

Q: Why the huge fall in this stock today?

Q: Is the share price the total return, or are reinvested distributions in addition to the share price ?

Q: I was reading an article recommendIng these high yielding closed end funds. They appear to be blue chip. Apparently CEFs usually trade at a discount and once the market is ready to turn around they will provide additional leverage. When does it make sense to purchase CEFs when there are equivalent etfs?

Q: What is your opinion of this us value fund. The shares are down lately and the dividend is very high at more then 23% but has been steady for many years. Is it an opportunity or a danger pit ? Thanks

Q: I know you're not a fan of DFN but could you explain why it has held up perfectly as everything else in the market has been crushed...all the while paying a 15% yield?